s certain, which is when the Company received first consideration of USD 72,000,000 on December 29, 2023, as stated in agreement. (From SET Announcement on January 2, 2024) Business partnership Collaboration with Changan to localize EV parts in Thailand-During the visit to the Company’s Ayutthaya plant on May 14, 2024, Changan Automobile Purchasing Center presented a letter of nomination and a car model to the Company’s president, symbolizing...

Major Suppliers  Updated at: 2025/05/30

at was insufficient to cover structural costs. Higher personnel expenses and price increases further impacted results, even though raw material costs declined. Other negative factors included increased distribution and administrative expenses, higher R&D costs, and greater depreciation of property, plant, and equipment. Although the company implemented additional adjustment measures, such as cost reductions and improvements in raw materials and e...

Major Suppliers  Updated at: 2025/05/29

oil company Total takes majority shareholding. 1978 Full control of Paulstra and merger with Hutchinson SA. 1991 Public exchange offering total over Hutchinson.Total take-over of Spontex and Pongs (Hutchinson Aachen) in Aix-la-Chapelle (Germany) 1993 Purchase of the glove business of Pirelli (plant in Bentong, Malaysia) and of Russells Rubber (Hutchinson Ltd) in the United-Kingdom and take-over of part of Bostik's activities. 1996 Acquisi...

Major Suppliers  Updated at: 2025/05/29

d the premium segment. The system removes potentially harmful particles and dries the air before it enters the suspension’s sensitive air chambers.Eco-friendly filters-In 2024, the Company developed 29 sustainable filters for the automotive sector. These filters will be partially impregnated with plant-based lignin instead of oil-based resin. The CO2 footprint of affected lignin impregnation was reduced by up to 5%, while the use of crude oil w...

Major Suppliers  Updated at: 2025/05/29

ith around 700 jobs eliminated at the Company's German locations. In addition, the Company is optimizing its global production network to improve cost competitiveness by using and reusing production facilities, scaling back automation, sourcing internationally, and planning to close non-competitive plants. (From a press release dated May 21, 2025) 700 jobs in Germany to be cut under global restructuring plan-The Company announced the decision to ...

Major Suppliers  Updated at: 2025/05/28

is notably exposed, and a shift in demand toward less premium vehicles. However, the percentage of 18-inch and larger tires in the sales mix continued to rise sharply, supported by a fast-growing market where the Company maintained its competitive positions. Restructuring To close CHOLET and VANNES plants in France by 2026-The Company announced its plan to close CHOLET and VANNES plants in France by 2026, affecting around 1,254 employees. The dec...

Major Suppliers  Updated at: 2025/05/27

aunches in 2024, almost two-thirds of which were with Chinese local OEMs. The Company also secured 8 awards from the largest local OEM for brake lines and tanks for BEV and PHEV platforms in the year. Multiple products for several OEMs-The Company has provided its fuel tanks for BMW iX3 and several Toyota programs including 330B and 530B, as well as Honda T50/T54 and Nissan X02A projects. The Company has also supplied GM with push rods for DMAX e...

Major Suppliers  Updated at: 2025/05/23

erformance Daido Metal Co., Ltd.'s third quarter results (cumulative) Daido Metal Co., Ltd.'s second quarter results (cumulative) Daido Metal Co., Ltd.'s first quarter results Manufacturing Facilities in Japan (Automotive bearing metal) Facility Location Main Products Inuyama Site Aichi Pref. Plant for Automobile Engine Bearings, Non-Automobile Bearings, Material of Bearings and R&D base Gifu Plant Gifu Pref. Plant for Automobile Bearings...

Major Suppliers  Updated at: 2025/05/20

duct lineup of chemical systems, including condensed batteries, ternary high nickel batteries, ternary high voltage medium nickel batteries, M3P batteries, lithium iron phosphate batteries, and sodium ion batteries. CATL's automotive clients include BMW, Mercedes-Benz, Stellantis, Volkswagen, Ford, Toyota, Hyundai, Honda, Volvo, SAIC, Geely, NIO, Li Auto, Yutong, and Xiaomi.   -In passenger cars, the Company's products can be applied to differen...

Major Suppliers  Updated at: 2025/05/19

s new R&D center Takata facing tough negotiations on restructuring plan Takata prepares to apply for Civil Rehabilitation Law on June 26 Key Safety Systems establishes Takata Acquisition Management Committee KSS commences steering wheel production in India Key Safety Systems opens its sixth Mexican plant in Matamoros Key Safety Systems to acquire Takata assets for USD 1.588 billion KSS opens new technical center in Korea KSS wins Best Supplier Aw...

Major Suppliers  Updated at: 2025/05/17

tments-In response to the transformation in mobility, the shift away from the internal combustion engine, and the increasing competitive pressure, the Company relocated selected product groups from the Sempeter site in Slovenia to other European locations. It also adjusted capacities at the Hambach plant in France and the Zell site in Germany. Production in Gaildorf (Germany), Mattighofen (Austria), and Naucalpan (Mexico) has also been discontinu...

Major Suppliers  Updated at: 2025/05/15

urope. This decline was partially offset by positive development in the radar business due to new series launches in the Americas region. Restructuring Realigning lighting production at Lippstadt site; cutting 420 jobs by mid-2026 -The Company announced a plan to restructure its lighting production plant in Lippstadt, Germany, to strengthen its competitiveness. This decision is due to changes in the European market environment, caused by lower ve...

Major Suppliers  Updated at: 2025/05/15

an entity focused on the development of software to support the Company’s mobility solutions. The Company also introduced One4you to provide customized exterior solutions combining the synergies from Company’s business groups. Diversification of global presence: The Company opened a new Module plant in Austin, Texas in 2024, its 12th plant in the U.S. The Company also has a network of 37 plants and 5 R&D centers in China. In India, the Compa...

Major Suppliers  Updated at: 2025/05/14

cturer of interior automotive lighting components in Europe, and a relevant supplier in the ambient light segment, especially for premium vehicles.     Competitors Headliners Doors and Hard trim Instrument panels and Central consoles Component and  JITs Lighting -Howa Tramico-IAC-Tuopu-Toyota Boshoku-IMR-Industrialesud-Yanfeng-Nobo Auto -FORVIA-Yanfeng-Ningbo Huaxiang Electronic (NBHK)-Toyota Boshoku-Seoyon e-Hwa-Motherson-Kasai Ko...

Major Suppliers  Updated at: 2025/05/13

urces on November 28, 2024) Divestitures Sale of Thermal Commercial Vehicles business, Spheros, to H.I.G. Capital-Spheros, previously part of the Company's Thermal Commercial Vehicles business, has been acquired by H.I.G. Capital, effective since July 1, 2024. This change will not affect Spheros’ plants, employees, customers, or suppliers, and it will continue to operate under the Spheros brand in the future. With headquarters in Germany, Spher...

Major Suppliers  Updated at: 2025/05/12

to Shanghai, China on October 30, 2024. Faurecia Clarion Electronics has more than 2,000 employees and 4 R&D centers in China. The relocation aims to improve Faurecia Clarion Electronics’ position in the Chinese market. Inaugurated in November 2023, the Faurecia Clarion Electronics Fengcheng Mega Plant is one of the Company’s first manufacturing plants to realize carbon neutrality. (From a Company press release dated October 30, 2024)European...

Major Suppliers  Updated at: 2025/05/09

ring Restructuring of German locations under Bearings & Industrial Solutions division-The Company has recently announced structural measures affecting several European locations, primarily in the Bearings & Industrial Solutions division with the Schweinfurt and Homburg sites in Germany. The Homburg plant produces components for drive systems, guides, and mechatronic system solutions. The division’s main plant in Schweinfurt will absorb producti...

Major Suppliers  Updated at: 2025/05/09

Column-Assist Electric Power Steering (CEPS)* Geely Lynk&Co Z20 Halfshafts* Nissan Nissan Patrol REPS Ford Ford Multimatic Mustang REPS Stellantis Citroën C3 / eC3 CEPS* Peugeot Expert  Dual Pinion-Assist Electric Power Steering (DPEPS) Fiat Scudo Vauxhall Vivaro Citroën Jumpy Toyota Toyota ProAce DPEPS GM Cadillac Escalade IQ REPS*, Columns & I-Shafts* *EV content included in customer program Awards -For the fiscal yea...

Major Suppliers  Updated at: 2025/05/08

zgitter Low CO2 Steelmaking), which is the transformation program that will progressively convert steel production to hydrogen-based processes by 2026. It intends to achieve almost fully CO2-free production by 2033. This includes replacing the conventional blast furnace method with direct reduction plants and electric arc furnaces. Both parties will also investigate the establishment of circular routes, such as combining steel deliveries to the c...

Major Suppliers  Updated at: 2025/05/08

tains one-piece woven OPW airbags that fully deploy in a very short time and deliver excellent pressure retention performance and an ultra-long service life. (From an Autoliv press release dated June 26, 2024)   Recent Developments Fully automated Pyro Safety Switches production line in Jintan plant-The Company launched its first China-built fully automated PSS (Pyro Safety Switches) production line at its Jintan plant in Changzhou city. The...

Major Suppliers  Updated at: 2025/05/07