15th Mar 2024
Autoneum reported a 34.8 per cent revenue growth in FY23, reaching CHF 2.3 billion ($2.59 billion). Adjusted EBIT more than doubled to CHF 99.2 million, with net profit increasing to CHF 61.1 million. While the company’s Europe and North America businesses saw significant revenue increases, Asia experienced a slight decline, and SAMEA showed strong ...
13th Mar 2024
Autoneum expands production in Asia with new plants in Changchun, China, and Pune, India. The Changchun facility focuses on light and commercial vehicles, while the Pune plant extends Autoneum's footprint in India's auto manufacturing sector. These expansions reflect Autoneum's commitment to addressing market needs and enhancing its position in key ...
24th Jan 2024
Autoneum experienced a substantial 27.6 per cent increase in consolidated revenue in Swiss francs for 2023, attributed to the acquisition of Borgers Automotive and a favourable market environment. Consolidated revenue reached CHF 2,302.3 million, with organic growth at 7.2 per cent. Europe and North America also saw significant revenue rises.
18th Jan 2024
Belgian company BIG Yarns has introduced PET BCF yarns for high-end automotive interiors, complementing its existing polyamide PA6 superior yarns. The virgin polyester yarns offer eco-friendly design, being 100 per cent recyclable at End of Life (EOL). They meet automotive standards for abrasion resistance, stain resistance, and durability.
30th Nov 2023
German company Covestro has introduced Impranil CQ DLU, an aliphatic polyester carbonate polyether polyurethane (PU) dispersion for textile coating with around 34 per cent plant-based carbon content. This product expands the range of partially bio-based dispersions, offering the same properties as its petroleum-based counterpart, Impranil DLU.
26th Oct 2023
Asahi Kasei is investing in the US startup NFW, which produces non-petroleum-based leather alternatives for car interiors. This partnership, in collaboration with Sage, aims to reduce the environmental impact of automobiles by developing a fully circular and eco-friendly leather alternative. NFW's patented material, Mirum, is made from natural...
13th Jun 2023
Autoliv has unveiled a passenger airbag module based on Bernoulli's principle. The module efficiently inflates larger airbags, reducing development time and cost. By utilising pressure differences, Autoliv leverages surrounding air to inflate airbags in electric vehicles. The airbag generates less heat, is lighter and reduces customer development...
30th May 2023
Magnus Jarlegren, presently the executive vice president of operations at Sweden’s Autoliv, Inc, will take over as the president of Autoliv Europe from June 1, 2023. He replaces Frithjof Oldorff, who is leaving for new opportunities. Jarlegren's operational excellence experience is expected to help navigate the firm in a challenging market.
1st May 2023
With the acquisition of I.G. Bauerhin (IGB), Lear Corporation will be able to expand its range of in-vehicle comfort technologies and enhance its thermal comfort systems portfolio. IGB's expertise in automotive seat heating, ventilation, active cooling, and other related technologies will be a valuable addition to Lear's existing capabilities.