DETROIT - More than 180 million airbag modules will be produced annually by 2005, more than double the 81 million planned production for 1999, according to a recent Providata study of the market.
Providata President Scott Upham said 75 percent of the industry's consolidation was complete. He expected a few medium-sized acquisitions over the next two years, but added, 'Several of the major airbag component companies have reached significant mass and can only add small bolt-on companies.'
Polish Autoliv plant
WROCLAW, Poland - Autoliv has begun work on a $10 million factory near Wroclaw, which will open in spring 1999. The plant will increase the company's airbag manufacturing capacity by 15 percent and seat belt capacity by 10 percent.
Bakony sales up
BUDAPEST - Hungarian auto partsmaker Bakony Works increased sales by 25 percent in the first half of 1998 to $15.3 million. Bakony is a major supplier to Russia's AvtoVAZ. It also supplies ignition switches and wiper systems to other European carmakers.
Reuters News Service
Grammar take over Probel in Brazil
AMBERG, Germany - Grammar AG has acquired the automotive components operations of Probel SA, Brazil. The takeover will be complete by the end of 1998. Probel produces seats and interior equipment for passenger cars and trucks. The Probel division had sales of DM40 million ($22.5 million) in 1997. Grammar had 1997 sales of DM556 million.
HBS buys APT
PARIS - HBS Technologie, a French supplier of plastic tubes for wiring harnesses, has acquired Automotive Plastics and Tubing Co. of Michigan and Texas. The 110-employee company had $14.6 million sales in 1997. The US market now accounts for 40 percent of HBS sales, which were FF347 million ($57.8 million) last year.