# Concentric AB awarded precision machined component contract in North America

Concentric AB has been awarded a contract by an existing global OEM customer for precision machined components for medium-duty trucks. Deliveries will start in April 2024 from the Escanaba, Michigan facility, with expected annual revenues of MSEK 38 from 2025 to 2027.

- Type: Contract
- Announced: 2023-10-19
- Where: Escanaba, Michigan, United States
- Value: $3.50M (38.0M SEK)
- Status: announced
- Products: precision machined components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Concentric](https://endata.com/companies/1164.md)
- [Concentric EMP](https://endata.com/companies/73272.md)
- [Concentric](https://endata.com/companies/1164.md) (supplier)

## Sources

- [inderes.fi](https://www.inderes.fi/en/releases/concentric-ab-secures-important-precision-machined-component-contract-in-north-america), 2023-10-19: "“Since integrating the EMP brand into the Concentric group in October 2021, we have continued to invest in EMP's technology with a focus on profitable growth in both Escanaba and Greenfield, and this award represents another key step on its proud journey.”, said Martin Kunz, Concentric President & C"
- [borsvarlden.com](https://www.borsvarlden.com/artiklar/concentric-far-kontrakt-vart-54-miljoner-kronor-per-ar), 2023-10-19: "Ordern beskrivs som den största enskilda på företagets hydraulikprodukter sedan noteringen 2011."
- [prnewswire.com](https://www.prnewswire.com/news-releases/concentric-ab-secures-important-precision-machined-component-contract-in-north-america-301968422.html), 2023-10-26: "This new business win serves as a testament to the reputation of the EMP brand, and demonstrates that its value proposition is as important today to our customers, as it has been over the last three decades."
- [heavyquipmag.com](https://www.heavyquipmag.com/2023/10/30/concentric-ab-secures-precision-machined-component-contract-in-north-america/), 2023-10-30: "This new business was won based on a long-standing relationship with this strategically important customer, increasing Concentric’s share of wallet significantly."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.