Standard Motor Products acquired 100% of Kade Trading GmbH, a Glinde, Germany-based supplier of mobile temperature control components with about $6 million in 2021 revenue, funded from its revolving credit facility. The announcement was made on October 5, 2022.
YIZUMI has won a major order from BYD worth more than CNY 300 million, including VAT, for all-electric injection molding machines with clamping forces from 90 to 550 tons for car interior and exterior trims.
BorgWarner Morse Systems inaugurated a 83,600 sq ft plant at Gudapakkam near Tiruvallur, India, making engine control, variable cam timing and motion control devices, initially for Hyundai Motor India.
BorgWarner Morse Systems India opened its second plant in Tiruvallur District near Chennai, India, for variable camshaft timing systems. Initial capacity is 300,000 units on a single line, with plans to reach 3 million per year within four years.
T/CCI Manufacturing will invest over $20 million to retool its Decatur, Illinois facility for electric compressor manufacturing, creating more than 50 new jobs and retaining 103 positions, backed by Illinois REV tax incentives.
T/CCI Manufacturing will convert a 200,000-square-foot former Borg-Warner factory in Decatur, Illinois into a center making cooling devices for electric vehicles, with more than $20 million of investment and 50 added jobs. The company will also set up a climate innovation center with Richland Community College.
The Mount Vernon Municipal Planning Commission approved Sanoh America's plan to add a 75,000 square foot addition, a 25% increase in floor space, to its Industrial Park Drive plant. The company plans to add 32 machines from an Alabama plant and expects to hire 60-plus people.
BorgWarner Mobility Poland is investing 380 million zloty in modernizing its production portfolio, moving Morse Systems production from Blonie to a new 11,300 m2 plant in Jasionka, with the transfer planned for September 2022.
Saad Eldin Gases is investing $3 million in a joint venture with Italy's OMB Valves to build an automotive valve plant in Abu Rawash, Giza, with a 70/30 stake split and production expected within six months.
Zhongding's subsidiary Tristone Flowtech Holding SAS was named batch supplier of thermal management pipe assemblies for a new platform of an unnamed US new-energy vehicle maker. The lifetime value is about CNY 208 million over 5.5 years.
Toshiba Materials announced a new facility for silicon nitride balls on its Yokohama headquarters site, budgeted at over 5 billion yen (about US$38 million), raising capacity 50% versus fiscal 2021. Production is expected to start in November 2023.
Westport Fuel Systems was awarded a program to develop and supply LPG fuel systems for vehicles to an unnamed global OEM, forecast to generate EUR 38 million in revenue through 2025 with production from Q4 2023.
ZF signed a deal with local authorities to build a 14,000 square meter plant in Rizhao, Shandong, producing airbag cushions and other passive safety products, expected to be operational by end of 2022.
Toyota Industries is expanding capacity for car air-conditioning electric compressors, including roughly doubling its Higashiura plant in Aichi with a new processing line starting October 2022. The company targets a global production system of 10 million units.
Highly Marelli's Wuhu plant in Anhui province, China, has begun operation after its first mass-produced heat exchanger rolled off the line on 20 June 2022. The plant will produce HVAC units and heat exchangers for new energy vehicles, with annual capacity of 800,000 HVAC units and 7 million heat exchangers.
Brose will invest MXN 404 million to expand its facility in Colón, Mexico, including acquiring an 800-ton press from Servornechanich for a project with Volvo.
JOST Brasil inaugurated a new 3,500 square meter industrial plant in Campinas, São Paulo, with about R$11 million of investment to expand capacity and develop new products for buses, trucks and implements. The opening took place on June 1, 2022.
NHK Spring is building a new motor core production building at its Atsugi plant in Kanagawa, investing about ¥5 billion. Capacity at the plant will roughly triple after the building opens, with construction starting November 2022 and completion in October 2023.
Bleistahl North America LP will expand its Battle Creek, Michigan facility by adding equipment and a fourth shift, with an $8.7 million capital investment creating 69 jobs. The project was supported by a $414,000 state grant.
Martinrea announced a $45 million investment to open a new plant in Ramos Arizpe, Coahuila, Mexico, adding 350 jobs and raising output toward 30 million parts per year within three years.
BorgWarner's battery management system was selected by a leading global vehicle manufacturer to equip its B-segment, C-segment and light commercial vehicle platforms, starting with model years from mid-2023.
Feilong Co., Ltd. (002536.SZ) became the designated supplier of electronic water pumps and thermal management control valves for a VinFast automobile project. The announcement was posted on April 26, 2022.
Concentric AB received a new development contract from an unnamed global truck, bus and construction OEM to supply high-voltage electric coolant pumps for fuel cell cooling systems. The announcement was made on 19 April 2022.
Link Manufacturing opened its 50,000 square foot Plant 4 manufacturing and training facility on its Sioux Center, Iowa campus. The plant is now the manufacturing core for its air management and suspension control products and adds 50 local staff.
Fidelium portfolio company Evamo acquired the steering and transmission pump business of Bosch Automotive Steering through a carve-out, with NETWORK advising on the external financing. Evamo has about 900 employees across six sites.
Jiaxi Bella Compressor is building phase one of a production line in Jiaxing's Nanhu District, Zhejiang, for refrigerator and EV air-conditioning compressors and inverter controllers. The project has a reported investment of 300 million yuan and a construction period from Q4 2021 to Q4 2022.
Formex Industries announced a R102 million investment to buy and upgrade a new facility in Struandale, Gqeberha, to supply VW South Africa with over 20 automotive components and buy a large auto transfer press.
Hanon Systems is launching a new plant in Hubei, China, to manufacture HVAC modules for electrified vehicles, with about 6,000 square meters of space. Production is expected to begin in early 2023 and create about 100 local jobs.
Midea Group began construction of a new energy vehicle auto parts base in Anqing, Anhui province, with a total investment of about 11 billion yuan ($1.74 billion). The base is designed to produce 60 million units of auto parts annually.
BorgWarner has secured a contract with an unnamed major global OEM to supply high-voltage silicon carbide generator inverters for an electrified architecture that charges the main batteries. Production is slated for 2024.
Robert Bosch agreed to sell its vacuum and hydraulic pump business, VH Group, to Weifu High-Technology Group. The unit includes VHIT S.p.A. in Italy, its Wuxi subsidiary in China and certain production facilities in Brazil. Deloitte advised Bosch.
Denso and Aisan signed an agreement under which Aisan takes over Denso's fuel pump module business and acquires Denso's equity stake in Kyosan Denso Manufacturing Kentucky (KDMK) in Mt. Sterling, Kentucky. The deal is subject to antitrust approval.
UFI Filters Group signed an agreement with the JiaXing XiuZhou High-Technology Industrial Park Administrative Committee for a new plant in Zhejiang Province producing filtration systems and thermal management products for new energy vehicles. The investment is valued at around 25 million euros, and production is set to start in 2023.
EMP, part of Concentric, won a development and production contract worth US$27 million over five years to supply 800V high-voltage cooling fans for a fuel cell truck. The unnamed customer is a global manufacturer of battery electric and fuel cell commercial vehicles. Production is due to start in 2023. The article is dated December 8, 2021.
BorgWarner Thermal Systems is expanding its Cadillac, Michigan assembly plant in a $11.2 million project expected to create 30 jobs, supported by a $225,000 state grant.
Schaeffler India signed an MoU with Guidance, the Tamil Nadu government nodal agency, to invest over ₹300 crore in a new greenfield plant in Hosur making transmission components for automotive and tractor segments. The plant is expected to create more than 300 direct jobs within four years.
Rheinmetall won an order worth €80 million from a globally operating automotive system partner for an electric a/c compressor for electric vehicles. Production will start in 2023 at Rheinmetall's plant in Abadiano, Spain.
Bontaz Group inaugurated a 6,500 m² extension of its Bontaz Tunisia site in Ben Arous, including a clean room for manufacturing automotive solenoid valves. The Group invested nearly €8 million in the extension.
Rheinmetall won an order worth €80 million from an unnamed global automotive system partner to supply an electric air conditioning compressor for electric vehicles, with production starting in 2023 at its plant in Abadiano, Spain.
BorgWarner secured a contract with an unnamed major global OEM to supply high voltage silicon carbide inverters for battery electric passenger cars and trucks, its first such win in North America. Launch of the inverter is slated for 2024.
Schaeffler India signed an MoU with Tamil Nadu's investment agency Guidance to invest over INR 300 crore in a new greenfield plant in Hosur over four years. The plant will manufacture transmission components for conventional and electric vehicles and is expected to employ 300 people.
Gaxi Bella broke ground on a smart compressor project in Nanhu District, Jiaxing, Zhejiang, on 30 October 2021. The RMB 1.3 billion project will produce 20 million high-end refrigerator compressors and 1 million new energy vehicle air-conditioning compressors per year.
Walbro LLC is expanding in Cass City, Michigan, with a $11.4 million capital investment supported by a $400,000 state grant, creating up to 40 advanced manufacturing jobs. Construction of the new facility has started.
Faurecia will invest $18 million to expand its Spring Hill plant at 3555 Cleburne Rd in Maury County, Tennessee, adding a 100,000 sq ft expansion for door panel assembly production and creating 171 new jobs.
Hydro is investing NOK 390 million in a new P60 extrusion press and plant expansion at its aluminium plant in Suzhou, China, to serve the automotive and electric vehicle market, creating 75 jobs with first billet expected in mid-2023.
Swedish component maker Concentric AB acquired Engineered Machined Products Inc. (EMP) of Syosset, New York, a producer of electric and mechanical pumps, electric fans and thermal management systems, for approximately USD 147 million in cash.
BorgWarner broke ground on a 17,000 m² plant in Viana do Castelo, Portugal, investing €100 million to produce electric motors, inverters and battery management systems, with production starting in Q3 2022 and about 300 jobs.
Trelleborg Industrial Solutions plans to begin producing thermoplastic elastomer vehicle bellows in Odawara, southwest of Tokyo, in Q1 2022. Part of a group investment of just under SEK 300 million across several countries.
French aluminum foundry Le Bélier confirmed a $100 million investment in a new production plant in San Miguel de Allende, Guanajuato, creating 500 jobs. The plant will serve the automotive market.
Hitachi Astemo will invest 56 million dollars over two years to improve industrial safety at its Lerma plants in Mexico, creating 480 new jobs, the state governor announced.