Kongsberg Automotive is Awarded Contract worth EUR 30 million

Source: www.gulfoilandgas.com 3/29/2023, Location: Europe

Kongsberg Automotive’s (KA) Flow Control Systems business unit (FCS) has been awarded a contract worth EUR 30 million in estimated lifetime revenue for a variety of PTFE lined hoses.

KA is the exclusive supplier of PTFE line hose for a major North American industrial supplier in the semiconductor market. KA’s product will be incorporated into industrial processing industries, including semiconductors, chemical processing, and other fluid transfer systems.

“We are pleased to report that this big win for FCS is of great strategic importance for KA. The customer utilizes a broad range of our industrial hose range with several unique products only manufactured by KA. The contract solidifies an already strong partnership in a key market segment for FCS ,” says David Redfearn, KA’s Chief Sales Officer

The five-year contract runs through 2028. KA’s Suffield plant Connecticut is the main facility for production, with KA’s Grand River, Michigan and KA’s Normanton, UK plants supporting.


Oman >>  6/10/2024 - SOHAR Port and Freezone celebrated the groundbreaking ceremony of the silicon metal plant in SOHAR Freezone owned by Green Ferro Alloy (SFZ) LLC. With...
Japan >>  6/3/2024 - Agilyx ASA, a technology company that enables customers to recycle the most challenging post-use plastics to high value, virgin-equivalent products, i...

Oman >>  6/2/2024 - SOHAR Port and Freezone has signed a land lease agreement with MAK Sohar Chemical Industries (FZC) LLC for two projects covering 5.8 hectares of land ...
Germany >>  5/29/2024 - Global chemical company OQ Chemicals has lifted its force majeure declaration for all products from its German plants in Oberhausen and Marl.

...


Sweden >>  5/17/2024 - What is the current market sentiment surrounding sodium-ion batteries in 2024?
Sodium-ion batteries are beginning to become increasingly releva...

Germany >>  5/16/2024 - Dow announced a capacity expansion from its minority equity investment in SAS Chemicals GmbH, a German-based specialty chemical producer of sealants a...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.