Tristone wins EUR230m engine/battery contract
Tristone Flowtech Group says it has secured a EUR230m (US$256m) lifetime fluid engine and battery cooling contract for an unnamed global worldwide OEM.
Expected annual sales volume will be EUR40m and start of serial deliveries is planned for the end of 2018.
The Group will manufacture technical solutions for engine and battery cooling in its facilities in Mexico (Delicias), China (Suzhou) and Poland (Walbrzych) to supply the OEM in North America, Asia and Europe.
"Our global footprint, our technical competence in engine and battery cooling applications and delivery performance has been key to convince our customer Tristone Group is the right partner to supply this global platform with its high volume", said Group president and CEO, Günter Frölich
The Group reported 2015 sales of EUR228m, up 17% driven by European growth of 13% and 8% in the NAFTA region.
In September last year, a new Sales and Engineering company was established in Pune, India to support market entry, while in 2013, the Group established a Sales and Engineering Company in Detroit.
Tristone Flowtech Group specialises in fluid applications in motor and battery cooling as well as aircharge and air intake systems.