Anderton Castings to invest 25 million to support electric mobility startups

It only considered 50 to 70% of the volumes forecast by its customers for the next three years. An essential measure of caution when dealing primarily with start-ups whose rise is necessarily uncertain. And yet, the power increase announced by Richard Musy, president of Loire automotive supplier Anderton Castings, is impressive: 1.9 million euros in turnover in 2021, 4 million in 2022 with 100 employees at the end of the year (88 currently), 17 million in 2023 and 50 million in 2025 (with a workforce nearly doubled from today).

In view of this expected galloping growth, equally massive investments: 26 million euros in total until 2025 to double the building’s production area (5,000m²), acquire seven new multi-axis machining centers, install two assembly and finishing centers, etc. To complement this plan, the company has already obtained 800,000 euros from the recovery plan for the State and for the Region. Of these 26 million, 11 will be supported by Anderton’s customers (specific machines and molds in particular), the rest by the Loire company. Since its creation in 2017, it has invested, through its American shareholder, in “several tens of millions of euros” to establish itself in the electric vehicle market.

Differentiate yourself through comprehensive support

Created in 2015, in the ashes of C2FT, taken over at the head of the Commercial Court by an American investor (French of origin) in search of European production capacities available quickly to serve an automaker, Anderton Castings made a strategic change two years later . While C2FT, which already made aluminum safety parts, was paralyzed on the thermal vehicle, Anderton decided to turn to a promising track: electric and hybrid vehicles. With the same parts (steering boxes, crossmembers, earth connection, etc.) and the addition of new techniques to the traditional casting/forging: low pressure, gravity, machining, etc. “At the time, it was still a niche. Promising, yes, but a niche”smiles Richard Musy.

Unable to service large series, at this launch stage, Anderton Castings quickly signed a first American start-up, then a second and a third… Now, the industrial PME has a contract with six start-ups. or hybrid vehicles, a very premium range. Recently signed with two new start-ups for all link and chassis parts. Programs are due to start at the end of the year.

To attract these future electric mobility nuggets, the small industrialist managed to set up an in-house design and development office.

“These start-ups need partners who are able to supply all the parts for a standard function and who are able to co-develop with them and then quickly produce prototypes, etc. We wouldn’t have conquered these markets if we hadn’t invested in design and if we hadn’t maintained our workforce during the health crisis.”assures Richard Musy. “Many new entrants are arriving in this electric mobility market. We are ready… “.

After registering more or less significant losses (-4.4 million in 2020, a dismal year and last figure released), the president announces positive profitability for 2023. “The key to success lies in the growing power of our customers. When we reach the financial balance, we will be able to order the big car manufacturers, but always for small or medium series”.

It is recalled that in 2021, 10% of registrations concerned electric vehicles in France. According to the International Energy Agency, the number of electric vehicles is expected to reach at least 145 million worldwide by 2030. 3 million electric and plug-in hybrid cars were registered in 2020.