Automotive
The companies featured on PressReleaseFinder are active in several industries.
5 Mar 2025
Syensqo and Vartega collaborate to advance circularity of carbon fiber composites
Syensqo, a global leader in advanced materials, and Vartega, a pioneer in carbon fiber recycling technologies, announce a technical and commercial collaboration to create an ecosystem to foster the use of post-industrial recycled carbon fiber products in high performance applications.
19 Feb 2025
Syensqo exhibits at JEC World 2025
Syensqo, a global leader in advanced materials, previously part of Solvay Group, will put its sustainability strategy at the core of its presence at JEC World 2025, in line with the company’s commitment to creating solutions that advance humanity while protecting our planet.
SABIC, a global leader in the chemical industry, has launched NORYL GTX™ LMX310 resin, the first in a new family of resins with enhanced dimensional stability. This innovative material is well-suited for inline paintable automotive applications, such as service flaps for electric vehicles (EVs). In particular, this new grade addresses the challenges of larger, asymmetrically shaped service flaps that are common in hybrid and fully electric vehicles.
Leading global specialty chemicals innovator Perstorp, a wholly-owned subsidiary of Malaysia’s PETRONAS Chemicals Group Berhad (PCG), today announced Perstorp Holding AB has acquired 100 percent of the shares of OQ Chemicals Nederland B.V. from OQ Chemicals GmbH. The deal provides Sweden-based Perstorp with full ownership and control over all of the Dutch company’s production assets, related technology and employees.
Syensqo, a global leader in advanced performance materials and chemical solutions, has won the Safety category at the 2024 SPE Innovation Awards North America. Recognized for its pioneering contribution to electric vehicle (EV) safety, the award-winning part is an advanced busbar cable support bracket, utilized in the 2025 Cadillac CELESTIQ, a flagship EV in General Motors’ lineup.
SONGWON Industrial Group today published its Q3 financial results for 2024. During the quarter, SONGWON achieved consolidated sales of 285,779 Million KRW and reported a net profit of 11,492 Million KRW. When compared to the sales (Q3/2023: 247,867 Million KRW) and net profit (Q3/2023: 9,372 Million KRW) recorded in the previous year, this marked an increase of 15.3% and 22.6% respectively. For Q3/2024, SONGWON reported a gross profit margin of 17.6%, an increase of 2.9%-points from Q3/2023 (14.7%).