KONGSBERG AUTOMOTIVE WINS STRATEGIC IMPORTANT CONTRACT VALUED AT 25 MEUR
KONGSBERG AUTOMOTIVE WINS STRATEGIC IMPORTANT CONTRACT VALUED AT 25 MEUR Kongsberg Automotive (KA) has been awarded the air brake and air suspension interface business for a global heavy truck manufacturer. The planned volume for the new business is 600.000 units per year, with 4-8 interfaces pr. vehicle depending on the complexity of the truck. The value of the contract is estimated to be EUR 25 million or approximately NOK 215 million. Start of production is set to 2011 and the contract will run for 7 years. Last year, KA launched a new couplings program for compressed air distribution