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Carbon fiber wheels manufacturer Dymag plans to raise 5 million pounds to build a new production line

Dymag (Chippenham, Wiltshire, UK) is a designer and manufacturer of lightweight carbon fiber hybrid and full carbon fiber wheels for automobiles and motorcycles. Form a new production line. 50,000 wheels can be delivered annually.

The company provides complete wheels and carbon barrels (rims) as sub-components to third-party aftermarket companies in the United Kingdom, Europe, the United States and Japan. Its customers include a global supercar brand, and the company said other OEM deals are in the pipeline.

Dymag plans to reach an agreement with a leading Tier 1 automotive supplier to reduce costs and thereby increase production capacity. The supplier specializes in providing wheels and structural composite parts for the automotive, industrial and aerospace sectors. According to the agreement reached by both parties, the company's technology will be applied to the wheels of other vehicles in the medium-sized market and the passenger car market.

The benefits of carbon fiber wheels for weight reduction are considerable: estimates from a leading sports car OEM manufacturer indicate that Dymag Carbon Hybrid wheels are usually at least 40% lighter than equivalent cast aluminum wheels.

Dymag is proud to point out that its aftermarket wheels are designed and manufactured in accordance with internationally recognized standards and are suitable for automotive brands including Ferrari, McLaren, Porsche, Lamborghini and Jaguar F-Type of Jaguar Land Rover. The company's technology has received a full British patent for its design. The technology uses different materials to reinforce the rim to make a complete wheel. The wheel is reportedly lighter, stronger, and faster than traditional designs. It is said that the wheel is very durable and can run safely under high impact conditions.

Chris Shelley, CEO of Dymag, said: "The technology has now begun to enter mainstream automotive production that has been developed and proven in advanced supercar applications." "Currently, the number of wheels produced per month is relatively Less, only a few hundred. We are ready to deliver a plan to expand the monthly production scale to thousands. The planned increase in capacity will also cause the price to drop rapidly, making it an economic feasibility for all passenger cars . "

He added: "The international competition is not fierce, but it is also preparing for the" change "of wheel technology. An Australian company recently raised $ 50 million based on sales expectations for the future automotive supply chain market, an important niche market. We Has been communicating with many interested investors and has expanded our plans to realize their ambitions and the opportunities we see in the future market. "

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