Kongsberg Automotive (KA) has been awarded a contract for seat support and massage systems as well as light duty cables from an unnamed premium European car brand, worth EUR2.3m (US$3.1m) for its five-year duration.
Production will take place at KA’s facilities in Puszkow, Poland and Siofok, Hungary and is scheduled to start in 2014.
“Premium car makers have increasingly been focusing on comfort and safety in their interiors and this contract award shows our current portfolio enables us to deliver and grow in this expanding segment,” said Kongsberg Automotive EVP interior systems, Scott Paquette.
Sales of premium segment cars are expected to grow by more than 6% on average per year for the next four years, while world car sales will grow by slightly more than 4% annually during the same period, according to research.
“We hope to support this valued customer with further business as they continue on their growth path”, said Kongsberg interior systems sales director, Hans Jørgen Mørland.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData