Surface Transforms, a carbon-fiber brake disc maker, announced on Tuesday that although small production disruptions have slowed the ramp-up in output in the first half, it expects an increase in sales for the period.
The company has been experiencing difficulties with excess capacity over current demand. Still, it anticipates having enough capacity by the fourth quarter of the year, as installation of additional capacity continues. Surface Transforms describes that any stoppage in the quarter due to a shortage of overall capacity cannot be recovered. However, they remain optimistic that they will be able to recover once the required capacity comes on the stream over the rest of the year.
Despite these production challenges, the company anticipates first-half sales to be roughly £3.3 million ($4.2 million), exceeding last year’s first-half sales of GBP2.9 million. Moreover, it reported that the volume of manufactured discs during the period surged by more than 80%, indicating improvements in production made throughout 2023.
Surface Transforms is expected to continue increasing its output and sales while tackling the small-scale production disruptions in the first half of 2023.