Gallino, the third largest European manufacturer of steering wheels, from IAO Indusrie Riunite. Oct. 1996 Acquired the steering wheel operations of UTA (United Technologies Automotive) and renamed the company to United Steering Systems. Feb. 1997 Consummated the acquisition of the stock of BTI Investments, Inc., ("BTI") a holding company which owns the Custom Trim Group of Companies Mar. 1997 Opened sales office in Korea. Established a n...

Major Suppliers  Updated at: 2025/05/17

enia due to weak demand in the European automotive industry. The plan includes reducing 340 direct and indirect jobs in 2025 and relocating the production of alternators to Bosnia and Herzegovina and the e-compressor line to Hungary, impacting around 270 jobs by 2025. The Company also plans further investments in new electrification products for this plant, which is the largest of 5 Company locations in Slovenia. With around 1,700 employees, it i...

Major Suppliers  Updated at: 2025/05/15

pany announced a plan to further strengthen its competitiveness in Europe in respond to market challenges. The plan includes; To implement structural measures in the European production network to adapt to the expected volume reduction. To increase productivity of the locations through consistent investments in standardization and automation. It will To increase efficiency in R&D and administration by using AI or relocation or possible bundling...

Major Suppliers  Updated at: 2025/05/15

increased 17.9 percent over FY2006's figure to 146,896 million won; and net profit fell 70.3 percent to 313 million won. The company said that although its revenue improved, thanks to greater sales of transmission products, its profit was hit by increased depreciation costs as a result of excessive investments the company made in plants and equipment. (From a press release on March 5, 2008) Kyung Chang Industrial Co., Ltd. signed a contract with...

Major Suppliers  Updated at: 2025/05/14

s vehicle access. (From a press release dated January 9, 2024)   Capital Expenditure (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Exterior Systems 168 172 120 Modules 34 38 20 Powertrain 81 106 76 Other 5 4 3 Total 287 321 220   Investments outside France -Company officials announced a USD 3 million expansion at its Spring Hill, Tennessee plant. The investment will expand pro...

Major Suppliers  Updated at: 2025/05/14

lectronic systems to achieve its long-term global strategy of becoming a leading smart integrator of technologies and innovative car interior solutions. The focus will be placed on expanding the Company’s global footprint and securing new profitable contracts in high-growth regions such as China. Investments outside Spain -The Company opened a new factory in India, situated in the town of Chakan (Pune). The 3,200 sqm factory will produce compon...

Major Suppliers  Updated at: 2025/05/13

66 23 Total 2,340 2,213 1,692 -During the fiscal year ending December 31, 2024, the Company’s capital expenditure increased by 5.7% from the previous year to EUR 2,340 million. The investment increased across all of the Company’s Divisions, particularly in the Power and Brain Divisions.  Investments outside France -In February 2024, the Company inked a strategic cooperation agreement with Waigang Town People’s Government to build a n...

Major Suppliers  Updated at: 2025/05/12

xpenditure by Geographic Area (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 France 87.1 93.9 78.4 Germany 107.7 127.5 134.5 Other EMEA 318.2 414.7 381.2 Americas 244.1 285.2 275.4 Asia 206.4 201.6 258.2 Total 963.5 1,122.9 1,127.7   Investments in France -The Company announced the installation of new machinery at its Allenjoie site in France, its first mass production plant for hy...

Major Suppliers  Updated at: 2025/05/09

n Taicang, China.-In the Vehicle Lifetime Solutions division, the Company’s capital expenditures were focused on the continuing expansion of its distribution network in the Europe and Americas regions.-The capital expenditure in the Company’s Others division was primarily due to the addition of investments of intangible assets made from subsidiaries of Vitesco Technologies Group AG. The investments were primarily made for machinery used for E...

Major Suppliers  Updated at: 2025/05/09

ers: operational improvement with a two-level intervention restructuring plan affecting 6 facilities, cost savings, attracting the best talent, and commercial lever that ensures profitable growth in the region.-The plan will have an extraordinary impact of EUR 100 million among expenses and planned investments paid out between 2024 and 2026. -(From a press release dated February 27, 2024) EVs projected to contribute over 50% of revenues by 2027-B...

Major Suppliers  Updated at: 2025/05/08

apital Expenditure (in million USD)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 563 569 485 % of sales 5.4 5.4 5.5  -For the fiscal year ended December 31, 2025, the company expects that its capital expenditures will be approximately 5% of its sales. Investments outside Sweden New plant in Guangzhou-The Company opened a new plant in Guangzhou, China. Covering approximately 32,311 sqm, the plant wil...

Major Suppliers  Updated at: 2025/05/07

0mm wafer fabrication lines under Renesas Semiconductor Manufacturing Co., Ltd., a wholly owned subsidiary of Renesas, but ceased operation in October 2014. In May 2022, Renesas decided to reopen the plant as a 300mm wafer fab to support the growing demand for power semiconductors. The company made investments worth JPY 90 billion in 2022 and has now started operations. (From a press release dated April 11, 2024) Renesas Electronics Corporation's...

Major Suppliers  Updated at: 2025/05/07

ated March 7, 2022) AGC Inc. (AGC) reported its operational situation in Ukraine and Russia. In Ukraine, the company sells architectural and automotive repair glass, but now it has suspended operations. For Russia, where the company engages in architectural and automotive glass business, it stopped investments including for periodic repairs to glass production kilns. Regarding the automotive glass business, the company is largely reducing product...

Major Suppliers  Updated at: 2025/05/07

Dec. 31, 2022 Total 177.0 105.9 104.6 -The capital expenditure of the Company in the fiscal year ended December 31, 2024, was primarily focused on the E-Mobility business unit, where production machinery was added to support upcoming ramp-ups for the manufacture of battery components. However, investments were also made in the long-standing business units, which are located at the headquarters in Dettingen/Erms and at other German sites.-In ...

Major Suppliers  Updated at: 2025/05/06

23 Rate of change (%) Factors Adjusted revenue * 4,937 5,489 (10.1) 1) Adjusted operating Income * 324 355 (8.7) - Sales by segments GKN Automotive 3,954 4,437 (10.9) 2) GKN Powder Metallurgy 983 1,047 (6.1) 3) *Adjusted revenue includes the Group's share of revenue of equity accounted investments (EAIs). The Group used adjusted revenue and adjusted profit measures for consistency with internal reporting and to provide a useful and c...

Major Suppliers  Updated at: 2025/05/03

he Company’s HPS segment in the fiscal year ended December 31, 2024, were EUR 9,840 million, a decrease of 2.4% from the previous year. Sales in the segment's Mobility business decreased by 2.2% YoY, but the business gained market share on high-value-added models thanks to its differentiation and investments in innovation. It also benefited from productivity gains, particularly with the optimization of its industrial footprint, following the cl...

Major Suppliers  Updated at: 2025/05/01

savings target from its original target of 220 million euros to 300 million euros by 2022, thanks to the increased efficiency and the initiated measures. Osram has already begun to streamline its product portfolio. This will bring operational benefits in production. It also intend to make targeted investments in research and development. The company has already succeeded in achieving significant improvements in the operating result in the first ...

Major Suppliers  Updated at: 2025/05/01

Meschede (Germany). Capital Expenditure  (in CAD million)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Total 275.5 295.3 376.4 -The Company expects that its capital expenditure for the fiscal year ending December 31, 2025 will be around CAD 300 million.  Investments in Canada -The Company announced plans to invest nearly USD 35 million to expand its 100,000-square-foot facility in Ridgetown, Ontario wi...

Major Suppliers  Updated at: 2025/04/28

will display industrial parts cleaning, metal pretreatment, and electroplating solutions. (From a press release dated September 25, 2024)   Capital Expenditure  (in million EUR)   FY ended Dec. 31, 2024 FY ended Dec. 31, 2023 FY ended Dec. 31, 2022 Overall 501.5 452.7 401.5   Investments outside Germany -The Company invested EUR 11 million in the construction of a new components plant for the automotive sector, located in P...

Major Suppliers  Updated at: 2025/04/26

xpanding active safety portfolio with Mobileye's technology Valeo and Mobileye to collaborate on driving assistance technologies Driver safety device developed by STMicroelectronics and Mobileye deployed in over 1 million vehicles globally TRW develops next generation of video camera TRW announces investments in camera technology Gentex supplying auto-dimming mirrors with driver-assist system for Ford Explorer Magna unveils new driver assistance...

Major Suppliers  Updated at: 2025/04/26