Automobile Textiles

4th Sep 2019

Motus Integrated Technologies, a tier 1 and tier 2 supplier of automotive interior products, has completed acquisition of Janesville Fiber Solutions, formally a division of Jason Industries. The acquisition cost of approximately $85 million includes up to $5 million of consideration contingent on achievement of certain performance conditions during...

23rd Aug 2019

PolyOne Corporation, provider of specialised polymer materials, services and solutions, is selling its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million. The two have signed a definitive deal in this connection. PolyOne expects to record a pre-tax gain of approximately $600 million at the time the sale is...

19th Aug 2019

Lear has announced that it has appointed Carl Esposito, an aerospace industry executive with broad expertise in electronics, software development and connectivity, as senior vice president and president of the company's E-Systems division. Lear, based in the US, is a global automotive technology leader in seating and electrical and electronic systems.

14th Aug 2019

Austria-based FACC, a leading technology partner of the aerospace industry, has been awarded a contract from Bombardier Aviation to provide the radomes for certain Bombardier business aircraft programmes. Bombardier Aviation is a leader in the design and manufacturing of innovative aviation products and services for business and commercial markets.

12th Aug 2019

Pentaxia, a leading composites company from England, welcomed the Mono R from Briggs Automotive Company (BAC). Pentaxia was the main composite supplier for the Mono R, which is a lighter, more powerful second-generation version of the popular Liverpool-built car. The Mono R serves as the pinnacle of engineering and performance in the automotive...

6th Aug 2019

Teijin has completed the acquisition of all the shares of Renegade Materials Corporation, a leading North American supplier of highly heat-resistant thermoset prepreg for the aerospace industry. The acquisition was completed on August 1, 2019. Teijin is a technology-driven global group offering advanced solutions in various areas of operations.

2nd Aug 2019

Kaman Composites-Vermont (KCV), a division of Kaman Aerospace, has announced that it has been recognised by Rolls-Royce as the 'Best New Supplier 2018'. KCV was selected by Rolls-Royce out of its entire global supply base in recognition of the outstanding performance of its support of Rolls-Royce on various compressor components and composite...

1st Aug 2019

Thailand-based Indorama Ventures Public Company Limited (IVL) has entered into an agreement to acquire Sinterama SpA, a leading global polyester automotive interiors and high performance coloured yarns manufacturer. The acquisition comprises five production sites in four countries—Italy, Brazil, China and Bulgaria, the last being a new market for IVL.

25th Jul 2019

Japanese chemical company Asahi Kasei is expanding its plant for Lamous artificial suede in Nobeoka, Miyazaki, Japan, by 4 million m2 / year, increasing total production capacity to 14 million m2 / year upon completion in 2021. Construction is currently in progress to raise existing capacity of 6 million m2 / year to 10 million m2 / year.