DYMAG ON A ROLL – SECURING FURTHER INVESTMENT
Existing strategic partner Hankuk Carbon Co., Ltd., a global leader in composites manufacturing, has become Dymag’s latest investor. A further injection of funding and expertise is set to accelerate global mass production of Dymag’s game-changing lightweight automotive wheels. Lighter, stiffer and stronger than a traditional cast alloy wheel, Dymag’s carbon hybrid wheels bring huge advantages to all vehicle sectors, particularly EVs.
This latest investment builds on funding from the UK’s Advanced Manufacturing Supply Chain Initiative (AMSCI) alongside several rounds from Puma Private Equity and the announcement underlines Dymag’s momentum and position as a British manufacturing success story.
Dymag is in advanced stages with multiple global OEMs regarding lightweight wheel supply agreements. More exciting news to follow….