stamping
JBM Group, India enters joint venture With Sodecia Automotive, Portugal for hot stamping components facility
On November 20, JBM Group entered a joint venture with Sodecia Automotive International SA, a Portugal-based global automotive supplier, to design, develop, and manufacture hot-stamped automotive systems and components in India. The foundation stone for the new manufacturing facility was laid at JBM’s Neel Metal Prod
Polad, Russia launches production of stamped parts for Lada Largus
On September 12, the Industrial Development Fund (IDF) announced that Polad has started import-substituting production of small, stamped parts for Lada Largus cars in Tolyatti, Samara Region. The investments in setting up the production exceeded RUB 300 million, of which RUB 215 million were provided by the federal I
SOLLERS localizes stamping parts for Atlant and Argo vehicles in Russia
On April 22, SOLLERS Group announced the localization of stamping production of body parts for Sollers Atlant and Argo light commercial vehicles from Russian galvanized steel. The production has been established in Tatarstan at the site of the project's industrial partner.
All large external and internal body parts,
Atom, Russia to use hot stamping in production of EV body
On December 6, Atom announced that hot stamping will be used to produce the Atom body. This technology increases the mechanical properties of the metal, such as its strength and wear resistance. Thanks to the technology, the part can be made lighter and thinner without compromising its strength. It also allows the cr
European Commission approves acquisition of E. Winkemann, Germany by One Equity Partners, US
On December 4, the European Commission approved One Equity Partners, US to acquire full control of E. Winkemann, Germany under the EU Merger Regulation. E. Winkemann mainly produces precision stamped metal parts for the automotive sector.
The Commission found no competition issues due to the companies' small combined
Sollers, Russia announces partnership to localize stamped parts of Atlant and Argo vehicles
On October 30, Sollers and PJSC Magnitogorsk Iron and Steel Works (MMK) signed a memorandum of cooperation to localize stamped parts for bodies and cabins of light commercial vehicles Sollers Atlant and Sollers Argo.
The first serial batch of MMK metal is scheduled to be delivered to the site of SOLLERS' local partn
Laepple Automotive to invest USD 78.8 million in former Stellantis Detroit plant
On September 24, the Michigan Strategic Fund announced it has approved USD 3.5 million to support Laepple Automotive, the U.S. entity of German auto parts manufacturer Laepple Automotive, in its plans to establish its new U.S. headquarters and main manufacturing operations in the city of Detroit.
Laepple plans to inv
Toyota Tsusho Africa, Ogihara, and Toyota South Africa forms new JV to boost local automotive parts manufacturing in South Africa
On August 22, Toyota Tsusho Africa (TTAF) partnered with Ogihara (Thailand) Corporation (OTC) and Toyota South Africa Motors (TSAM) to announce the formation of a new joint venture (JV), Ogihara South Africa (OSA). The announcement was made at the construction site at Dube Trade port in Durban, South Africa.
The join
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