Weekly Recap: Autoneum To Obtain Automotive Enterprise, Suominen Considers Closure In Italy & Far more

This is your weekly recap—the most considered information tales on our web-site for the 7 days finished January 14, 2023.
 
On Jan. 6, Autoneum signed an agreement to purchase the automotive company of Borgers. The transaction is anticipated to near in April 2023 subsequent antitrust clearance.
 
Borgers specializes in textile acoustics protection, insulation and trim for cars. The product or service and consumer variety of Borgers is to a good extent complementary to the item and shopper portfolio of Autoneum. Borgers’ wheel arch liner and trunk liner product strains as perfectly as their truck organization optimally complement the product variety of Autoneum. Borgers’ products array is distinguished by sustainable and completely recyclable products and solutions. In fiscal 12 months 2021, the Borgers Automotive Group generated earnings of €610 million with all-around 4700 workers. Many thanks to Autoneum’s international existence, the Borgers product or service portfolio adds to the revenue probable for financially rewarding expansion in the medium phrase outdoors Europe.
 
In other information, Suominen will start out session with local trade unions pertaining to a strategy to permanently close producing at its Mozzate plant. According to the plan, the production would conclude for the duration of the next quarter of 2023. The consultation will be conducted in accordance with the Italian laws and applicable Countrywide Collective Arrangement and is aimed to be completed within 90 times. The Mozzate site presently employs 92 men and women, working both equally in generation and in business office roles.
 
In this article are our top rated 3 most viewed stories from the past week:
 
1. Autoneum to Receive Automotive Business of Borgers Team
 
2. Suominen Considers Closure of Mozzate Plant
 
3. Hollingsworth & Vose to Expand Virginia Internet site

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