Grupo Antolin in auto headliner JV in Thailand

Published: November 5, 2012 6:00 am ET

Related to this story

Topics Automotive

BURGOS, SPAIN (Nov. 5, 12:05 p.m. ET) — Spanish automotive components supplier Grupo Antolin and the Thai subsidiary of multinational NHK Spring Co. Ltd. are setting up a joint venture to produce automotive headliners in Thailand.

The relationship between the two groups started in August 2008 when Antolin sold a technological license to NHK to make headliners. The joint venture reinforces strong links between both enterprises.

The new company, called NHK Antolin Thailand Co. Ltd., will be based in Bangkok and make components for the main car manufacturers in the country: Ford, Nissan, Honda, GM, Isuzu and Mitsubishi. It will employ almost 100 people and is expected to generate a turnover of 23 million euros ($29.5 million) in 2014.

“This joint venture marks an important milestone and allows us to reinforce our positioning in Southeast Asia, a region of sustained growth with a suggestive and promising market,” Antolin said in a news release.

Thailand will produce 2 million cars by the end of 2012 and aims to reach 3 million in 2016, Antolin said.

Antolin added that the JV “will enable us to become a major player in Thailand in the field of headliner development and manufacturing. We value this successful relationship with NHK, a partner with long industrial tradition, with whom we share common values of a constant pursuit for excellence, quality and technological innovation.”

Japanese company NHK Spring Co. Ltd. was set up in 1939 and is based in Yokohama. It has plants in Japan and also in Thailand, China, India, the United States, Brazil and in Spain. The multinational produces automotive seat products, suspension spring, engine, power train and electrical products. It employs 19,700 people.


Comments

Grupo Antolin in auto headliner JV in Thailand

Published: November 5, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Canada's Papp Plastics is eyeing big opportunities with JV in Mexico

November 24, 2014 4:11 pm ET

Canadian injection molder and turnkey solution provider Papp Plastics & Distributing Ltd. will open an $11 million to $12 million joint venture...    More

Image

Indiana injection molder PRD expands

November 24, 2014 1:56 pm ET

Automotive supplier PRD Inc. is expanding its manufacturing facility in Springville, Ind.    More

Image

Can plastics return to the driver's seat?

November 24, 2014 6:00 am ET

When the June 1989 issue of Popular Science introduced three cutting-edge automotive technologies, including the latest Corvette and a powerful...    More

Image

New GM purchasing chief faces big hurdles to improve supplier relations

November 24, 2014 11:11 am ET

Steve Kiefer is moving into the eternal hot seat that is head of GM global purchasing and supply chain.    More

Image

Wilbur Ross steps down from IAC board

November 24, 2014 11:38 am ET

Financier Wilbur Ross Jr. has resigned from the boards of International Automotive Components Group SA and its subsidiaries due to new regulatory rest...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events