Finance Birmingham invests in Delphi to fund major automotive development…
Finance Birmingham has made an investment in another one of the UK’s major manufacturing companies, Delphi Diesel Systems –- a product business unit of industry-leading global automotive technologies supplier Delphi Automotive PLC — via the Advanced Manufacturing Supply Chain Initiative (AMSCI) fund.
The funding will allow Delphi Diesel Systems to develop their Common Rail system technologies as part of an Advanced Development (R&D) project which started in May this year and is expected to last for three years. It aims to develop future Common Rail systems to meet the market needs for commercial vehicle engines (between 4 and 21L swept volume), targeted for production from 2018 onwards. These engines are used for on- and off-highway commercial vehicles including trucks, buses and agricultural vehicles as well as stationary applications for power generation.
Drivers for the development of a new Common Rail System include the legislated reduction in commercial vehicle emissions limits as well as fuel efficiency requirements and CO2 levels.These legislation changes are driving new technologies to Diesel engines in all markets and the fuel injection system continues to be a major contributor to help commercial vehicle manufacturers meet these tightening standards.
The funding will be used in the development stage of the project which will help maintain 25 jobs and create a further 11. The project and the product being taken to market are supported by 500 UK manufacturing jobs.
Steve Gregory, Heavy Duty Product Line Executive, Delphi Diesel Systems, said: “The contribution of the AMSCI funding is a key investment to develop advanced Common Rail system technologies for commercial vehicle engines that will help OEMs meet evolving legislative requirements. The funding will contribute to Delphi continuing to lead development of Diesel systems for commercial vehicles.”
Jeremy Taylor, Investment Executive at Finance Birmingham said: “Delphi operates in an innovative, industry-changing business. We are delighted that the funding has allowed for important business development in our community and as well as supporting local jobs.”
Operating in 32 countries, Delphi Automotive is a leading global vehicle components manufacturer providing electrical and electronic, powertrain, active safety and thermal technology solutions to the global automotive and commercial vehicle markets.
AMSCI is a national government fund which aims to help improve the global competitiveness of the UK’s advanced manufacturing supply chains, as well as attracting new manufacturers to be based here. More information can be found at http://www.
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