Automotive
The companies featured on PressReleaseFinder are active in several industries.
13 May 2025
SONGWON Industrial Group releases Q1/2025 financial results
SONGWON Industrial Group today released its financial results for the 1st quarter of 2025. The Group reported an increase in revenue of 7.8% in Q1/2025 (275,753 Million KRW) compared to sales generated in Q1/2024 (255,752 Million KRW). In the first 3 months of 2025, SONGWON delivered a gross profit of 40,743 Million KRW, marking an increase of 4.1% when compared to the gross profit achieved in the same period of the previous year (Q1/2024: 39,134 Million KRW). Net profit in Q1/2025 was 4,857 Million KRW, down from 6,662 million KRW in Q1/2024, primarily due to elevated labor costs following a recent court ruling in Korea that impacted companies operating in the country, as well as ongoing margin pressure.
28 Apr 2025
B.I.G. Yarns strengthens European market position with major investment in state-of-the-art Yarn production
B.I.G. Yarns, a leading designer and manufacturer of polyamide (PA), polypropylene (PP), and polyester (PET) carpet yarns for commercial, automotive, residential, and technical applications, is proud to announce a significant investment of €25 million in its French yarn production site. This investment reinforces its commitment to innovation, sustainability, and European manufacturing. It includes the installation of cutting-edge BCF lines, enhancing B.I.G. Yarns’ leadership in one-step 3-ply yarns and further solidifying its position as a key player in the global market.
With plastics making up 12-15% of a car’s total weight, reducing their carbon footprint is essential for the future of sustainable mobility. As a leading supplier of advanced polymer fibres, Beaulieu Fibres is addressing this challenge, taking the next step in support of the automotive industry’s transition to low-carbon materials.
Syensqo, a leader in advanced materials and specialty chemicals, is thrilled to announce that it was named a 2025 Automotive News PACE Pilot Innovation to Watch for its innovative Ajedium™ PEEK film technology for e-motor slot liners.
Following several awards for the individual sites in Germany, Malaysia and the USA in previous years, KRAIBURG TPE has been awarded a gold medal as an overall company for the first time by the renowned assessment company EcoVadis 2025. KRAIBURG TPE is therefore not only one of the highest rated companies within the plastics industry, but also occupies a top position in the overall sustainability ranking of EcoVadis.
Syensqo, a leading global provider of advanced performance materials and chemical solutions, announced the introduction of a brand new range of high-performance perfluoroelastomers using the company’s proprietary non-fluorosurfactant (NFS) technology. The Tecnoflon® FFKM NFS products have been specially engineered to expand Syensqo’s successful FFKM offerings for semiconductor manufacturing and other highly demanding markets.