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Automobile Textiles

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US’ Lear named one of Fortune’s 2023 most admired companies

3rd Feb 2023

Lear has been named on Fortune magazine’s ‘World’s Most Admired Companies’ list for the seventh consecutive year. Lear was awarded the highest placement for any North America-based automotive supplier in the Motor Vehicles Parts Industry survey. Lear is an automotive technology leader in seating and e-systems, that enables superior in-vehicle...

Pic: Dieffenbacher
Switzerland’s Autoneum & Dieffenbacher unveil digitalisation platform

1st Feb 2023

Swiss company Autoneum operates five Dieffenbacher automotive component production lines at its Sevelen site. Together with Dieffenbacher, Autoneum has now extensively modernised one of the lines, a GMT/LFT-D line for glass-fibre-reinforced thermoplastics. One highlight of the project was the introduction of the new Evoris digitalisation platform.

Pic: Autoneum
Swiss firm Autoneum’s revenue up 6.1% in 2022

23rd Jan 2023

Switzerland-based leading acoustic and thermal management supplier for vehicles Autoneum’s consolidated revenue increased by 6.1 per cent year-on-year (YoY) to 1,804.5 million Swiss francs (approximately $19.56 million) in 2022. The company’s revenue in local currencies increased significantly by 8.5 per cent, largely due to inflation-related...

Pic: Lubrizol
Lubrizol displays SilSense for car seat covers at India’s Auto Expo

16th Jan 2023

Lubrizol Engineered Polymers exhibited a prototype of the SilSense material for car seat covers at the recently concluded Auto Expo Components trade show that was held in New Delhi, India, from January 12-15, 2023. At the expo, a sample of this new, first-class quality synthetic leather was in the spotlight at the Autoform booth B38 in hall 3FF.

Pic: Autoneum
Switzerland’s Autoneum signs agreement to acquire Borgers

11th Jan 2023

Switzerland’s Autoneum has signed an agreement to acquire the automotive business of Borgers. The transaction is expected to close in April 2023. The enterprise value paid amounts to €117 million. The transaction will be financed through a new credit facility which is available in addition to the syndicated loan of CHF 350 million renewed in October...

Pic: Shutterstock/ Sony Ho
India’s airbag market to rise to ₹6K-7K cr by FY2027: ICRA

27th Dec 2022

India’s airbag industry is projected to grow to ₹6,000-7,000 crore by fiscal (FY) 2027, from the current levels of ₹2,400-2,500 crore, at a 4-year compound annual growth rate (CAGR) of 25-30 per cent, as per ICRA. The airbag industry is one of the fastest growing auto component segments and is expected to benefit from the increase in content per...

Pic: Autoneum
Switzerland’s Autoneum names Eelco Spoelder as new CEO

14th Dec 2022

Switzerland’s Autoneum has announced Eelco Spoelder-who has over 25 years of experience in the automotive supply industry-as its new CEO. Matthias Holzammer is handing over the operational management of Autoneum due to personal reasons as of March 27, 2023. Autoneum is one of the leading manufacturers of vehicle acoustic and thermal insulation for...

Sandra Jallow. Pic: Monadnock Non-Wovens LLC
US’ Monadnock appoints Sandra Jallow as business development manager

10th Dec 2022

Monadnock Non-Wovens LLC (MNW), a manufacturer of melt-blown synthetic media for automotives, surgical face masks, and air and liquid filtration markets, has promoted Sandra Jallow to the position of business development manager, automotive products. In her new role, Jallow will report to MNW president Jim Cree and will work with the automotive sales...

Pic: Autoneum
Swiss firm Autoneum creates fully recyclable automotive carpet system

29th Nov 2022

Switzerland-based leading acoustic and thermal management supplier for vehicles Autoneum has created a fully recyclable carpet system that is made of 100-per cent polyester. The carpet system is made with high content of recycled polyethylene terephthalate (PET), latex-free manufacturing process, and less energy-intensive production process.

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