EQS-News: Mutares positions newly formed FerrAl United Group as global automotive supplier
25 locations worldwide planned
- 25 locations worldwide planned
Munich, September 5, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) is announcing the formation of another globally active automotive supplier operating under the name FerrAl United. - FerrAl United will operate at approximately 25 locations worldwide with more than EUR 1 billion in revenues.
- FerrAl United, as a newly formed specialist for ferrous and aluminium-based castings, forgings and machined components and assemblies for the automotive and transport market within the Mutares Automotive & Mobility segment, will have a significant role in its future growth development.
- Johannes Laumann, CIO of Mutares, comments: "FerrAl United is the second large and long-pursued project with lighthouse character after Amaneos' newly formed wholly-owned subsidiary in March this year.