KA awarded multiple automotive control cable contracts valued at EUR 16 million
Kongsberg Automotive (KA) has booked new orders for automotive control cables with a lifetime value of EUR 16 million. These awards are for North American and Japanese OEMs and cover the supply of sun roof cables, fuel cover release cables and shift cables.
KA will introduce these programs starting 2011 with production in Mexico and China.
The cables are supplied as complete assemblies ready for vehicle installation. Each product is tailor made to meet the customer’s requirements.
“Kongsberg is confirming its know-how and market leading position within automotive cable technology. Kongsberg core competencies within cable actuation are spread between North America, Europe and Asia and allow KA to propose optimized solutions to the global OEMs”, says Hans Peter Havdal, CEO of Kongsberg Automotive.
###
Contact details:
Hans Peter Havdal, CEO
Phone: +4732770520. Mobile: + 4792065690
Philippe Toth
Director Merger and Acquisition & Investor Relations
Phone : +4732770513. Mobile : +4798214021
Kongsberg Automotive is headquartered in Kongsberg, Norway and has 49 facilities in 20 countries. Kongsberg Automotive, with close to 9.000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com.
Tags: