Automotive Components Holdings

North America Robot Orders Drop for Second Quarter

Retrieved on: 
Thursday, August 31, 2023
Hardware, Electronic Design Automation, Semiconductor, Automotive Manufacturing, Manufacturing, Other Health, Technology, Robotics, Business, Professional Services, Artificial Intelligence, Other Technology, Other Manufacturing, Automotive, Health, Acceleration, Bureau of Labor Statistics, Plastic, Metal, Original equipment manufacturer, Table tennis rubber, Automation, Food, China Plastic & Rubber Journal, Artificial intelligence, AI, Automotive Components Holdings, Conference, Safety, 3D printing, Q2, A3

A slow U.S. economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022.

Key Points: 
  • A slow U.S. economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022.
  • When combined with first quarter results, the robotics market in North America is down 29% compared to the first half of last year with a total of 16,865 robots ordered.
  • This drop comes after a record 2022, where North American companies ordered 44,196 robots, up 11% over 2021, the previous record.
  • Both categories were down compared to the second quarter of last year, however, with non-automotive orders down 21% and automotive orders down 49%.

Motorcar Parts of America Recognized for Outstanding Service by Parts Warehouse and Associate Stores; Receives Recognition as one of the Most Trustworthy Companies in Recently Published National Survey

Retrieved on: 
Monday, April 24, 2023
Automotive Manufacturing, Aftermarket, Manufacturing, Automotive, Component, Newsweek, MPAA, Marketing, Trust (social science), PwC, Part, Automotive industry, PWI, Associate, Auto Parts Warehouse, New Providence Building Association Stores, Conference, Automotive Components Holdings, Nintendo of America, Inc. vs. Blockbuster LLC., Video game, Management

Motorcar Parts of America achieved a ranking of ten out of twenty-one companies in the Automotive & Components category.

Key Points: 
  • Motorcar Parts of America achieved a ranking of ten out of twenty-one companies in the Automotive & Components category.
  • “These prestigious awards highlight the company’s industry leadership and our team’s fundamental commitment to excellence, integrity and customer service,” said Selwyn Joffe, chairman, president, and chief executive officer.
  • “Customer support is a daily point of focus throughout our company, and we are gratified to be recognized by this leading warehouse distributor for our team’s commitment and contributions.
  • We look forward to continued success and additional opportunities to support PWI,” said Rick Mochulsky, senior vice president sales and marketing for Motorcar Parts of America.

Global Polyurethane Resins Market to Reach $1.1 Billion by 2027

Retrieved on: 
Tuesday, November 15, 2022
Automotive Components Holdings, Growth, Component-based software engineering, CAGR, Component, Industry, Electronics, End-use certificate, Current, COVID-19, 2021, Pet, Petrochemical, Flowers, Dairy product, Cereal, Electronic component, Lithium, Printed circuit board, Animal, Weapon

View original content:https://www.prnewswire.com/news-releases/global-polyurethane-resins-mark...

Key Points: 
  • In the changed post COVID-19 business landscape, the global market for Polyurethane Resins estimated at US$765.2 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027.
  • The U.S. Market is Estimated at $208.5 Million, While China is Forecast to Grow at 7.3% CAGR
    The Polyurethane Resins market in the U.S. is estimated at US$208.5 Million in the year 2020.
  • China, the world`s second largest economy, is forecast to reach a projected market size of US$211 Million by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027.
  • Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$138.5 Million by the year 2027.

LG Innotek to Enhance Its Website to Improve Customer Experience

Retrieved on: 
Tuesday, September 6, 2022
Substrate (materials science), CEO, Technology, View, Time, Carbon, YouTube, Policy, LinkedIn, IOT, Newsroom, Innovation, Multimedia, Substrate, LIG Nex1, Electronic component, Consumer Electronics Show, ESG, Communication, News, Electronics, URL, Automotive Components Holdings, LG, Radar, Tourism, Online shopping, Video game console

LG Innotek has begun to strengthen online marketing capability for innovation in customer experience.

Key Points: 
  • LG Innotek has begun to strengthen online marketing capability for innovation in customer experience.
  • The biggest change of the website this time is that it has significantly expanded the contact point with customers of LG Innotek.
  • By setting its website as the default platform for customer communication, LG Innotek has also set a plan to link various offline promotions.
  • This means that the website will serve as the major contact point that will improve customer experience.

LG Innotek to Enhance Its Website to Improve Customer Experience

Retrieved on: 
Tuesday, September 6, 2022
Substrate (materials science), CEO, Technology, Carbon, YouTube, Policy, LinkedIn, IOT, Newsroom, Innovation, Substrate, LIG Nex1, Electronic component, Consumer Electronics Show, ESG, Communication, News, Electronics, URL, Automotive Components Holdings, LG, Radar, Tourism, Online shopping, Video game console

LG Innotek has begun to strengthen online marketing capability for innovation in customer experience.

Key Points: 
  • LG Innotek has begun to strengthen online marketing capability for innovation in customer experience.
  • The biggest change of the websitethis time is that it has significantly expanded the contact point with customers of LG Innotek.
  • By setting its websiteas the default platform for customer communication, LG Innotek has also set a plan to link various offline promotions.
  • LG Innotek is putting effort in many aspects not only for websiterenewal, but also for online innovation in customer experience such as LinkedIn and white paper.

LG Innotek's Quality Control Gets Recognition from a Global Premium Vehicle Maker

Retrieved on: 
Wednesday, August 17, 2022
Zero, Multimedia, Schaeffler Group, CEO, ISO27001, CL3, Electric vehicle, IOT, Jaguar Land Rover, CCC, Achievement, General Motors, LG, History, Communication, Compliance, DC-DC, JLR, Certification, Pedestrian, View, Information, EV, Quality control, Car, Automotive Components Holdings, ISO, Time, Capability, LIG Nex1, Motor vehicle, Amusement park, Industrial design, Medical device

SEOUL, South Korea, Aug. 17, 2022 /PRNewswire/ -- On Aug. 17, LG Innotek (CEO Cheol-Dong Jeong) announced that the company had maintained Jaguar Land Rover Quality Certification awarded by the global premium vehicle maker Jaguar Land Rover (JLR) for two years in a row.

Key Points: 
  • SEOUL, South Korea, Aug. 17, 2022 /PRNewswire/ -- On Aug. 17, LG Innotek (CEO Cheol-Dong Jeong) announced that the company had maintained Jaguar Land Rover Quality Certification awarded by the global premium vehicle maker Jaguar Land Rover (JLR) for two years in a row.
  • The certification that LG Innotek received this time has a significant meaning in that the company's quality system has been recognized by a global premium car manufacturer.
  • LG Innotek has been recognized for its perfect quality control among major global automobile and automotive component manufacturers, including General Motors, German Continental AG, and Schaeffler.
  • By receiving the Jaguar Land Rover Quality Certification, LG Innotek has proven its quality competitiveness in the global market for automotive components.

LG Innotek's Quality Control Gets Recognition from a Global Premium Vehicle Maker

Retrieved on: 
Wednesday, August 17, 2022
Zero, Schaeffler Group, CEO, ISO27001, CL3, Electric vehicle, IOT, Jaguar Land Rover, CCC, Achievement, General Motors, LG, History, Communication, Compliance, DC-DC, JLR, Certification, Pedestrian, Information, EV, Quality control, Car, Automotive Components Holdings, ISO, Time, Capability, LIG Nex1, Motor vehicle, Amusement park, Industrial design, Medical device

SEOUL, South Korea, Aug. 17, 2022 /PRNewswire/ -- On Aug. 17, LG Innotek (CEO Cheol-Dong Jeong) announced that the company had maintained Jaguar Land Rover Quality Certification awarded by the global premium vehicle maker Jaguar Land Rover (JLR) for two years in a row.

Key Points: 
  • SEOUL, South Korea, Aug. 17, 2022 /PRNewswire/ -- On Aug. 17, LG Innotek (CEO Cheol-Dong Jeong) announced that the company had maintained Jaguar Land Rover Quality Certification awarded by the global premium vehicle maker Jaguar Land Rover (JLR) for two years in a row.
  • The certification that LG Innotek received this time has a significant meaning in that the company's quality system has been recognized by a global premium car manufacturer.
  • LG Innotek has been recognized for its perfect quality control among major global automobile and automotive component manufacturers, including General Motors, German Continental AG, and Schaeffler.
  • By receiving the Jaguar Land Rover Quality Certification, LG Innotek has proven its quality competitiveness in the global market for automotive components.

LG Innotek Releases 2022 2nd Quarter Earnings Report

Retrieved on: 
Thursday, July 28, 2022
AIP, Television, High-pass filter, LG, Automotive Components Holdings, CEO, Electronics, LIG Nex1, 3D, Radio, Substrate, IOT, Communication, Mobile phone, Printed circuit board

SEOUL, South Korea, July 28, 2022 /PRNewswire/ --Despite challenging market conditions and the second quarter being an off-season, LG Innotek showed a substantial growth from the same period of the last year.

Key Points: 
  • SEOUL, South Korea, July 28, 2022 /PRNewswire/ --Despite challenging market conditions and the second quarter being an off-season, LG Innotek showed a substantial growth from the same period of the last year.
  • LG Innotek (CEO Cheol-Dong Jeong) achieved sales of 3,702.6 billion won and operating profit of 289.9 billion won in the second quarter of the year 2022 in accordance with Korea International Financial Reporting Standards (K-IFRS).
  • Compared to the previous quarter, the company's sales decreased by 6.3%, and profits decreased by 21.0%.
  • LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group.

LG Innotek Releases 2022 2nd Quarter Earnings Report

Retrieved on: 
Thursday, July 28, 2022
AIP, View, Television, High-pass filter, LG, Automotive Components Holdings, CEO, Electronics, LIG Nex1, 3D, Multimedia, Radio, Substrate, IOT, Communication, Mobile phone, Printed circuit board

SEOUL, South Korea, July 28, 2022 /PRNewswire/ --Despite challenging market conditions and the second quarter being an off-season, LG Innotek showed a substantial growth from the same period of the last year.

Key Points: 
  • SEOUL, South Korea, July 28, 2022 /PRNewswire/ --Despite challenging market conditions and the second quarter being an off-season, LG Innotek showed a substantial growth from the same period of the last year.
  • LG Innotek (CEO Cheol-Dong Jeong) achieved sales of 3,702.6 billion won and operating profit of 289.9 billion won in the second quarter of the year 2022 in accordance with Korea International Financial Reporting Standards (K-IFRS).
  • Compared to the previous quarter, the company's sales decreased by 6.3%, and profits decreased by 21.0%.
  • LG Innotek is a cutting-edge materials and components manufacturer and an affiliate of the LG group.

EQS-News: voestalpine AG: voestalpine records best results in the company’s history

Retrieved on: 
Wednesday, June 8, 2022
Steel, Goal, COVID, Economic development, IPO, AG, EBITDA, CEO, Group, Environment, Workforce, Investment, Equity, Warehouse, Automotive Components Holdings, Natural gas, FTE, EBIT, Growth, Railway Systems of Zambia, Voestalpine, Technology, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Annual, Book, Aerospace, COVID-19, Supervisory board, Acquisition, Industry, Overalls, EUR, Efficiency, History, Calendar, Carbon, Uncertainty, Film, Online gambling, Animal, Renewable energy, Oil, Tunnel, Kapfenberg

As before, the stated goal is to continue driving the companys value-enhancing growth.

Key Points: 
  • As before, the stated goal is to continue driving the companys value-enhancing growth.
  • The voestalpine Groups equity surpassed the EUR 7 billion mark for the first time in its history.
  • In total, voestalpine invested EUR 710 million in the business year 2021/22, representing a 16% rise over the previous year.
  • In North America, too, growth already declined slightly and unexpectedly in the last quarter of the companys business year 2021/22.