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January 25, 2016

Grammer improves 2015 NAFTA revenue 15% to US$173m

Grammer Automotive says NAFTA revenue exceeded EUR160m (US$173m) last year, improving the previous figure by 15%.

Grammer Automotive says NAFTA revenue exceeded EUR160m (US$173) last year, improving the previous figure by 15%.

The supplier notes a “generally upbeat US light vehicles market” and that its performance was helped by new interior products for models manufactured by German and Northern American OEMs.

At around EUR600m, order intake in the Automotive Division for the NAFTA region also reached a new record in 2015, almost doubling compared to the previous year’s number.

“Future growth and efforts to widen the company’s share of the NAFTA market over the next few years are being underpinned by numerous headrest, consoles and armrest products,” said a Grammer Automotive statement.

“Grammer Automotive addresses its Northern American customers via its two production plants in Querétaro and Tetla in Mexico, as well as its sales and development facility in Troy, Michigan, in the US.

“As well as this, Grammer has additionally strengthened its presence in the US with its new local facility in Tulepo in Mississippi, which is currently in final preparations ahead of its first series start-up in the Automotive Division.”

From mid-2016, this new plant will be producing centre consoles for an unnamed US automotive OEM.

In all, Grammer Automotive is planning 15 new product start-ups in the NAFTA region during the next two years.

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