Automotive
Part of the Swiss company SFS Group, the Sharon Township factory plans to undertake an expansion that will add 45 jobs and another $2.5 million in additional annual payroll. The plant makes parts used in safety components and brakes for cars.
Automakers aim to reduce the industry's carbon footprint. But whether they're successful will come down in large part to whether their suppliers cut down on theirs.
Elevated supplier debt levels and inflationary pressures could soon lead to more bankruptcies and accelerate consolidation in the supply base, a new study found.
Atlas Holdings LLC announced April 25 that it has agreed to buy Auburn Hills, Mich.-based automotive supplier U.S. Farathane LLC from the Gores Group investment firm.
Techniplas US LLC has acquired Proper Group's Anderson, S.C., manufacturing operations.
Rogers Corp. expects its elastomers business to grow strongly over the next five years, driven by demand in the electric vehicle and consumer devices industries.
Vibracoustic SE has expanded production and assembly capacity for several products across its manufacturing facilities in Europe, the U.S. and Mexico.
EVs could make up more than half of new cars within the next decade, but developing public charging infrastructure is a disjointed process that must be streamlined, industry experts say.
A study shows the potential to recycle plastics from shredded automobiles scrap, a material that now goes to landfills around the world.
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