Tie-up for automotive solutions

Tie-up for automotive solutionsSWEDISH company Trelleborg and Freudenberg have formed a 50:50 joint venture to produce antivibration solutions for light and heavy vehicles. The new joint venture will comprise Trelleborg Automotive’s operations in anti-vibration solutions and Freudenberg’s corresponding unit known as Vibracoustic.

At the end of 2010, total annual sales for the joint venture were estimated at SEK12 billion, with 8,100 employees in 17 countries.

Trelleborg’s anti-vibration business accounted for about 75% of sales in the subsidiary and had annual sales of SEK6.3 billion and 5,200 employees. Trelleborg Automotive’s operations outside the area of antivibration were not affected.(PRA)