EUR 9 million (NOK76M) fuel lines contract for North American passenger car market
Kongsberg Automotive’s Fluid Transfer business area has been awarded a three year contract for high temperature fuel lines for the North American passenger car market, which has an estimated lifetime value of EUR 9 million (NOK 76 million).
Kongsberg Automotive will supply high temperature fuel hoses to one of the world’s largest fuel system suppliers primarily for the North American passenger car market, utilizing our US production facilities in both Connecticut and Ohio. Supply under the agreement will start immediately and will continue through 2017,
“We are delighted to secure this agreement for our durable high temperature fuel products with this strategic customer for the passenger car market. Having the ability to control 100% of the manufacturing value chain gives us a definite competitive advantage in this safety critical application segment,” commented David Redfearn, Vice President Sales for Kongsberg Automotive’s Fluid Transfer business.
Fredrik Tangeraas, Director, Corporate Communications
Phone: +47 32 77 05 35; Mobile: +4792464699
Investors / analysts:
Philippe Toth, Vice President, M&A / Investor Relations
Phone: +4732770503. Mobile: +4798214021
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com