Formula Offroad signs OEM supply agreement with Foton

MELBOURNE: RPM Automotive Group Limited announced that its wholly owned subsidiary Formula Offroad has begun the exclusive OEM supply of front-end and rear-end protection products, as well as other accessories, to Foton Motor Company Australia.

The Australian supply agreement is for the life of Foton’s vehicle range being supplied, being the Foton Aumark 7.5 Tonne Truck, Foton Aumark 12 Tonne Truck, Foton Tunland Utility Vehicles, Foton Cargo Van.

For currently manufactures an extensive range of front-end and rear-end protection products for vehicles in Australia focused on the automotive aftermarket, including its recently released range of protection products for the top-selling Toyota Hiace.

For’s initial OEM sales volumes should grow as Foton grows its sales in the Australian market. The agreement with Foton represents RPM’s strategy of forming alliances with emerging vehicle companies in the Australian market.

Lawrence Jaffe, Executive Director of RPM commenting on the supply agreement said, “The agreement with Foton Motors Australia is yet another strategic step in RPM Automotive Group’s organic growth. We are focused on the sectors in the Australian automotive market growing faster than the market as a whole and the truck or commercial space is where we are comfortable. The utility vehicle space is the fastest growing sector within the automotive market”.

Edited by Nayyar Iqbal

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