Delphi product development boost after £4.1m funding from Finance Birmingham
FINANCE Birmingham has invested £4.1m in manufacturing business Delphi Diesel Systems.
The money will be used to help the firm develop its common rail system technologies as part of an advanced development project.
Gloucestershire-based Delphi Diesel Systems is a product business unit of international automotive technologies supplier Delphi Automotive which has a global training centre in Warwick.
Delphi Diesel Systems aims to develop future common rail systems to meet the market needs for commercial vehicle engines, including trucks, buses and agricultural vehicles as well as stationary applications for power generation.
It is targeted for production from 2018 onwards.
The Finance Birmingham funding – via the AMSCI government fund which aims to help improve the global competitiveness of the UK’s advanced manufacturing supply chains – will be used in the development stage and 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 at 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 vehicle components manufacturer providing electrical and electronic, powertrain, active safety and thermal technology solutions to the global automotive and commercial vehicle markets.
Delphi UK’s Warwick location is a centre for its UK aftermarket product and services businesses as well as an electrical/electronic architecture engineering business.
In 2012, Delphi expanded its Global Training Centre in Warwick.
