Automobile Textiles

20th Nov 2024

Autoneum has agreed to acquire 70 per cent of Jiangsu Huanyu Group, a leading automotive supplier in China, expanding its customer base with major manufacturers like BYD and BAIC. The acquisition will enhance Autoneum's position in China’s growing market. The deal will strengthen Autoneum’s presence in both light and commercial vehicle sectors.

23rd Oct 2024

Autoneum aims for revenue up to CHF 3 billion (~$3.47 billion) and an EBIT margin of 6-8 per cent with its new 'Level Up' strategy, presented at Capital Markets Day in Czechia. The strategy focuses on product innovation, global growth, and sustainability. It includes targets for a 20 per cent CO2 reduction and a 40 per cent decrease in...

30th Aug 2024

Autoneum has opened a new 7,500-square-metre production facility in Pune, enhancing its presence in the automotive market. The plant will produce noise-reducing components, including Hybrid-Acoustics PET felts for e-motor encapsulation. This facility complements Autoneum's existing plants in Behror and Chennai and aligns with the company's growth...

30th Jul 2024

Autoneum's first half of fiscal 2024 saw robust revenue growth despite a challenging automotive market. Revenue in Swiss francs increased to CHF 1,212.3 million ($1367.35 million), with notable contributions from Borgers Automotive. Operational improvements boosted EBIT by CHF 20.8 million ($23.46 million) to CHF 65.8 million ($74.21 million).

20th Jun 2024

Autoliv has launched airbag cushions crafted entirely from recycled polyester, achieving a 50 per cent reduction in greenhouse gas emissions compared to traditional polyester models. Developed in collaboration with supply chain partners, these cushions uphold safety standards while supporting the company’s goal for net-zero emissions by 2040.

24th May 2024

CUPRA has introduced innovative natural fibre composite CUP Bucket seats for the CUPRA Born VZ electric vehicles, aiming to redefine sustainability in automotive design. Developed in collaboration with Bcomp and Sabelt, these seats offer significant emission reductions and improved safety, reflecting a commitment to eco-friendly engineering.

8th May 2024

Teijin Automotive Technologies inaugurated a new topcoat and assembly facility in Indiana, enhancing capabilities for manufacturing the Ford Bronco 4-Door modular painted roof. With an investment exceeding $100 million, the facility, located in the Riverfork West industrial centre, will initially employ 110 people and eventually expand to around 200.

18th Apr 2024

Ahlstrom has unveiled a groundbreaking dual-layer filter media technology globally, revolutionizing filtration efficiency. With double the dust holding capacity compared to single-layer designs, it optimises particle retention. Tested in automotive engine air intake, it extends filter lifetime by 50 per cent, while reducing size and weight.

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 ...