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Costs force clutch firm to collapse

West Midlands clutch manufacturer Automotive Products Driveline Technology Ltd (APDT) went into administration in early March.

APDT blames rising costs and competition. It will be run as a going concern by administrator Grant Thornton. It hopes to find a buyer and plans no redundancies.

Grant Thornton is in the process of determining the company’s exact losses, but calls them “significant”.

APDT, previously known as AP Borg & Beck, makes OE and aftermarket clutches for companies like Ferrari, Aston Martin and Delphi and employs 183 staff. Last year it turned over £17m.

“The company had been losing money for a period of time, caused by increases in raw material costs and the emergence of low-cost economies in Asia and Eastern Europe,” says Paul Melville, partner at Grant Thornton.

He believes APDT’s “unique products and excellent engineering departments” will attract a buyer.

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