eeting continued uncertainty with actions to protect its margins, including reviewing commercial terms and manufacturing capacity. The automotive business was impacted by reduced produc­tion at key customers, often with short notice, resulting in lower sales, reduced productivity and a build-up of inventories. (From a press release on October 26, 2021) AB SKF (SKF) announced that it has completed the first China-based energy and carbon managemen...

Major Suppliers  Updated at: 2025/07/15

the U.S. and Canada due to the broad effects of COVID-19 (coronavirus). This phased suspension of some manufacturing will begin immediately and, based on the current outlook, will last for at least two weeks. Distribution and logistics activities will continue to support customers through existing inventories. The company is monitoring conditions closely and has established appropriate contingency plans, prepared to adjust as the situation evolv...

Major Suppliers  Updated at: 2025/05/27

g capital requirements. In the short term, these efforts will partially offset the impact of volatility on production volumes. However, the group will also actively monitor and maintain its ability to respond rapidly to carmaker demand when shortages start to ease and demand and the need to rebuild inventories lead to a sharp recovery in production volumes. (From a press release on September 24, 2021) Plastic Omnium announced that during the quar...

Major Suppliers  Updated at: 2025/05/14

cameras and LiDARs, continue to operate optimally in all road conditions. (From a press release on June 26, 2020) Valeo announced that it has taken several measures which help to reduce costs by EUR 570 million compared to first-half 2019 (of which 90% in the second half), and investments and gross inventories are to be reduced by EUR 384 million. Valeo’s action plan includes variabilization of personnel costs representing cost savings of EUR 2...

Major Suppliers  Updated at: 2025/05/12

cted to drop 7.4 points from the same term last year to 27.5%. This is due to the weaker demand than initially anticipated for automotive products and a slow recovery in demand for the industry, infrastructure, and IoT products. “We’ll keep a careful eye on the automotive market and control our inventories,” said Hidetoshi Shibata, president and CEO, indicating that the company will slow the pace of the automotive inventory increase. Renesa...

Major Suppliers  Updated at: 2025/05/07

. GKN said that metal additive manufacturing is one of the future processes that will have great effect on the automotive industry and electric vehicle production. From saving time to market through rapid prototyping to redesigning and rethinking parts and assemblies for additive layers, to reduced inventories by on-demand replacements - metal AM adds value during the whole component life cycle. (From a press release on February 19, 2019)   GKN ...

Major Suppliers  Updated at: 2025/05/03

ctors1) Net Sales-In the fiscal year ended December 31, 2024, the Company’s revenues decreased by 4.5% to EUR 3,428 m, compared to EUR 3,590 m in 2023. This decline in revenues was recorded as the ordering behavior of customers in our CSA and L&S segments was negatively impacted by a reduction in inventories. Portfolio effects from the disposal of business activities also contributed EUR 97 m to the decline in revenues. The Company's passive o...

Major Suppliers  Updated at: 2025/05/01

holesale networks. They intend to expand their supply capacity of large premium tires and other tires that are increasingly in demand in the U.S. market by supplying their respective products to TireHub. They will also consolidate logistic networks in order to provide a consistent service from tire inventories, sales to deliveries. TireHub will able to deliver tires to almost all dealers in the U.S. every day. (From an article in the Nikkan Jidos...

Major Suppliers  Updated at: 2025/04/25

or agreements with Delphi's principal U.S. labor unions and a consensual settlement of legacy issues with General Motors Corporation was extended beyond February 28.(From an article in the Nikkan Jidosha Shimbun on Mar. 5, 2007) Delphi Corp. is showcasing a new way to help track commercial trailer inventories and help fleet operators save money and enhance productivity at the Mid-American Truck Show. Delphi is demonstrating its unique trailer ca...

Major Suppliers  Updated at: 2025/04/23

holesale networks. They intend to expand their supply capacity of large premium tires and other tires that are increasingly in demand in the U.S. market by supplying their respective products to TireHub. They will also consolidate logistic networks in order to provide a consistent service from tire inventories, sales to deliveries. TireHub will able to deliver tires to almost all dealers in the U.S. every day. (From an article in the Nikkan Jidos...

Major Suppliers  Updated at: 2025/04/18

as negative impact from declines in demand for passenger cars and automobile production.” Yoshimoto Hiroyuki, President of Nidec Corporation, said “The growth of orders from Tier 1 suppliers is declining in the Chinese market. It is assumed that automakers will have accumulated finished vehicle inventories, and Tier 1 suppliers accumulated component inventories in the period January-March 2019.” Yorozu Corporation (Yorozu) was considering b...

Major Suppliers  Updated at: 2024/12/24

Lumax Auto starts new plant in Aurangabad, India Lumax Industries to set-up in-house electronic facilities Lumax Auto updates about PCB business and new order Lumax Auto updates about urea tank business with Tata Motors Lumax Auto Technologies to cease PCB manufacturing Lumax Auto sells assets and inventories of PCB business Lumax Auto announces JV with Jopp Holding, Germany Lumax Industries starts commercial production at Manesar, Haryana Lumax...

Major Suppliers  Updated at: 2024/12/11

any has yet to be named. However, SAT will hold a 50.01% stake in the company, while Mubea will own 49.99%. SAT will sell its assets under management for its subsidiary, Bangkok Spring Industrial Co (BSK), to the new joint venture company, including land, buildings, machinery, tools, equipment, and inventories in Samut Prakan and Rayong. At present, BSK plants in Samut Prakan and Rayong have monthly production capacity of 700,000 pieces of coil s...

Major Suppliers  Updated at: 2024/12/04

cases at this plant.); and 2) Harbin Dongan Auto Engine's selling two buildings (total building area: 3,924 square meters) of its Plant No. 232 to the Harbin Dongan Group. Harbin Dongan Auto Engine will raise 10,250,600 yuan from the sale of the assets including manufacturing equipment and existing inventories. (*)Harbin Dongan Engine (Group) Co., Ltd. is a wholly owned subsidiary of China Aviation Industry Corporation ll, which is essentially ...

Major Suppliers  Updated at: 2024/11/06

financial year, production of the two plants in Ukraine was planned to generate combined sales of less than EUR 300 million. For Leoni Group's activities in Russia, sales of less than EUR 100 million were budgeted. Core assets in the companies of both markets are property, plant and equipment, and inventories (around EUR 125 million) and could be at least partially impaired. Leoni is intensively examining various measures to compensate for these...

Major Suppliers  Updated at: 2024/10/30

ng sensor modules and wireless communication devices installed inside tires. It gives warnings and alerts to drivers to prevent accidents. The results from the trial runs will be used to develop new software that can comprehensively control tire and vehicle information, drivers' schedules, and tire inventories. The company also plans to install the new software in the monitoring service program and commercialize it. (From various releases on Apri...

Major Suppliers  Updated at: 2024/10/11

Plant (Iwanuma City, Miyagi Prefecture) will suspend operations from April 3 to 9 due to the effect of the new coronavirus. The company aims to reduce the risk of infection for its employees by suspending operations at an early stage and to ensure product supply in the future. The Sendai Plant has inventories that cover the period of suspension, and plans to resume normal operations from April 10. The Sendai Plant exports 80% of its products, ma...

Major Suppliers  Updated at: 2024/09/26

ndustrial) has developed a new solution for final processing of brake tubes at vehicle assembly plants. It will introduce compact brake tube production lines utilizing robots. Brake tube unit parts production will be synchronized with vehicle production, which will enable a significant reduction in inventories held at automakers' plants and distribution costs. Sanoh Industrial is aiming to increase its order intake by convincing automakers that t...

Major Suppliers  Updated at: 2024/09/13

unced that Toyota Auto Body Co., Ltd.’s Fujimatsu Plant production line that has been suspended (Kariya City, Aichi Prefecture) will resume production on March 31. The production line manufactures the Toyota Noah, Voxy, Alphard, and Vellfire. The production line was suspended due to missing parts inventories following an explosion that occurred on March 6 at Chuo Spring Co., Ltd.’s production line, which required a safety check. (From an arti...

Major Suppliers  Updated at: 2024/09/11

for the effect on production for Toyota and other suppliers that the special steel supply delays has caused , and went on to state that the company intends to rebuild its supply system in one week so that customers will be able to resume production on February 15. The company is aiming to build up inventories by operating its backup steel rolling lines around the clock, and other measures including production outsourcing to competitors. Concerni...

Major Suppliers  Updated at: 2024/09/04