Automotive
The companies featured on PressReleaseFinder are active in several industries.
6 Mar 2007
Advanced Technology Inside and Out: Hyundai ATDV Features Innovative Applications Utilizing GE Materials
GE Plastics’ high-performance composites and thermoplastics are taking the spotlight with close to 30 diverse applications for Hyundai’s advanced technology demonstration vehicle (ATDV), the QarmaQ. The crossover utility vehicle (CUV) is a joint project of GE Plastics and Hyundai to demonstrate the design freedom and practicality of using plastics in components traditionally manufactured from metal, glass, and thermosets. It features GE’s advanced technologies in five key areas: the Elastic Front*, exterior, interior, lighting systems, and underhood.
6 Mar 2007
Hyundai and GE Plastics Unveil QarmaQ Advanced Technology Demonstration Vehicle at 77th Geneva International Motor Show
• Sporty Crossover Coupé makes debut in Europe
• Elastic Front* safety system reduces pedestrian injury
• Eco-focused technologies lower weight, fuel consumption and CO2
GENEVA — March 6, 2007 — At the Geneva International Motor Show today, Hyundai Motor Co. and GE Plastics presented QarmaQ, a first in the Crossover Coupe segment. QarmaQ is Hyundai's Advanced Technology Demonstration Vehicle (ATDV) that showcases over 30 different environmentally progressive technologies led by the innovative “Elastic Front*”, an innovative solution that can help reduce the risk of severe injuries in Crossover Utility Vehicles (CUV) pedestrian collisions.
PITTSBURGH, Feb. 20, 2007 – PPG Industries (NYSE: PPG) has signed a Memorandum of Understanding with ICI India Ltd., Mumbai, India, to facilitate the acquisition of ICI’s premium automotive refinish business. Upon closing, the business would be acquired by Asian PPG Industries Ltd., a 50 percent joint venture of PPG and Asian Paints Ltd., also of Mumbai. The closing is scheduled for mid-March and is subject to certain conditions. The transaction is valued at approximately $12 million.
Gent, Belgium – March 5th, 2007 - The Sumitomo Bakelite Group announces the acquisition of Neopreg AG, a Swiss producer of long fiber thermoset composites marketed under the trade names Kinel and Neonite. Neopreg, based in Gelterkinden, has unique technology for producing these composites that complements technologies used by Sumitomo’s existing specialty composites business. Neopreg will be integrated into Vyncolit N.V., Sumitomo’s subsidiary that produces moldable composites in Europe, but will retain its name. Henny van Dijk, President of Vyncolit N.V., has assumed leadership since February 19, 2007. 
Feb. 25 2007, PPG Industries, the world's leading manufacturer of coatings, glass and chemicals, held a ground breaking ceremony in Zhangjiagang and plans to build up the first resin plant in China. The Party Secretary, mayor and chief officers of Zhangjiagang government as well as officers from Zhangjiagang bonded area attended the ceremony and highly appraised the scope and technologies of PPG.