Senior plc announced that it has been awarded new contracts for the supply of high-technology components for ICE and hybrid engines for light vehicles, and exhaust gas recirculation systems for heavy-duty trucks. The combined value of the multi-year contracts is approximately EUR200 million over an 8-year period. The first contract is for the supply of fluid conveyance assemblies for multiple light vehicle ICE and hybrid engine types to a global supplier of innovative hybrid and combustion powertrain solutions.
The components will be used across the range of diesel, gasoline and hybrid platforms and Senior collaborated closely with the customer in the design and testing of the 20+ parts. Production is anticipated to begin in 2025 and continue until 2029. Manufacturing will be undertaken at both Senior Flexonics Olomouc (C Czech Republic) and the Senior Flexonics joint venture in Wuhan, China.
The second contract is with a leading global manufacturer of heavy-duty trucks to supply fluid conveyance assemblies for exhaust gas recirculation coolers for a new engine type to be used on multiple vehicle platforms. Manufacturing for this contract will be undertaken in Senior Flexonics facilities in Olomouc (Czech Republic), Cape Town (South Africa) and Saltillo (Mexico). The contract is for a new engine with Euro 7 specification, a set of regulations that stipulates emissions limits and sets emission-relevant minimum durability requirements. Production is due to commence in Fourth Quarter 2026 and the programme is set to last a minimum of eight years.
The two contract awards continue the positive momentum of new order intake for Senior's Flexonics and Aerospace divisions.
