Automobile Textiles

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...

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...

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...

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.

7th Nov 2022

US' Lear Corporation, a global automotive technology leader in seating and e-systems, has recorded a 23 per cent growth in its sales of third quarter (Q2) of fiscal 2022 (FY22). Excluding the impact of foreign exchange, commodities, and acquisitions, Lear’s sales were up 26 per cent, reflecting the addition of new business in business segments.

17th Oct 2022

Ascend Performance Materials has unveiled two materials for electric vehicles that improve safety and passenger comfort. The company’s Starflam X-Protect and Vydyne AVS tackle two unique challenges automakers face when developing their EV platforms. Ascend, which is headquartered in the US, is the world’s largest fully integrated producer of nylon 66...

13th Oct 2022

Thailand’s Toyobo Indorama Advanced Fibers (TIAF), a joint venture established in November 2020 with Indorama Polyester Industries PCL (IPI), has completed construction of a factory to manufacture high-performance nylon yarn for automobile airbags. Bangkok-based IPI is under the umbrella of Indorama Ventures Public, a global sustainable chemical...

11th Oct 2022

Thailand-based Cobra Advanced Composites, the automotive business of composite products manufacturer Cobra International, has launched a range of production-ready, flax fibre-based, visual finish components for OEMs of automobiles. The new natural fibre composite solutions offer a sustainable option compared to traditional carbon look visual components.

3rd Oct 2022

Hyosung TNC has succeeded in developing and using nylon for the liner material of hydrogen vehicle fuel tanks with its own technology, the first of its kind for a Korean company. Hyosung TNC's nylon material is superior to conventional metal and high-density polyethylene (HDPE) liner materials in terms of lightweight, gas barrier, and impact resistance.