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October 13, 2020 05:07 AM

Supplier MTA, hit early by COVID, sees fast rebound

Andrea Malan
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    The main production hub of MTA Advanced Automotive Solutions in Codogno, Italy, was shut down for a week starting Feb. 24, causing worries among automakers that needed the supplier's electronics parts.

    CODOGNO, Italy -- One of the first suppliers in Europe hit by the coronavirus pandemic was MTA Advanced Automotive Solutions, a company southeast of Milan that makes electronics parts.

    A one-week work stoppage at its main production site here that started Feb. 24 threatened production at three Fiat Chrysler Automobiles assembly plants in Italy and FCA's joint venture van factory with PSA Group, as MTA could not deliver essential electronics parts.

    The town had become one of the first European epicenters of COVID-19, and the Italian authorities ordered factories in Codogno and nine nearby towns to suspend nonessential activities to help prevent the spread of the virus.

    But MTA has recovered in recent months, and CEO Antonio Falchetti said the supplier could close 2020 with revenues down by less than 10 percent from last year’s 203 million euros.

    "Demand peaks are way above our expectations," Falchetti told Automotive News Europe during an interview last month at the company's headquarters in Codogno.

    "In the first weeks of the COVID-19 pandemic, we feared 2020 revenues would be 30 percent [below] the 228 million euros we had forecast for this year, but we now hope the halve that shortfall," he said, with the result that revenues this year might be about 194 million euros.

    In some cases, said the company, the pandemic had a favorable impact on specific markets: sales of motorcycles in India rose 10 percent in August over the same month of 2019, as customers perceived them as safer than three-wheelers used as taxis or family transport; demand for the latter fell 75 percent in the same period.

    Supply chain questions

    The immediate impact of COVID-19 has been quickly left behind, said MTA, but questions about its customers’ supply chain linger.

    MTA's Codogno plant produces electrical components such as fuse boxes and power distribution units. Another plant in Rolo, Italy, specializes in electronic products including control units and dashboards.

    The Codogno plant has three main workshops, for plastic molding, metal stamping and final assembly. While plastic molding also takes place in Slovakia, Brazil and Morocco, MTA has only one metal stamping facility, in Codogno. That might have to change in the future as customers worry about possible supply disruptions.

    FCA, PSA, Renault and BMW are among MTA's main customers. The automotive industry accounts for approximately 60 percent of MTA’s revenues, with agribusiness accounting for 20 percent. Trucks and motorcycles equally split the remaining 20 percent. Electric products account for 75 percent of sales, while electronics cover the remaining 25 percent.

    Falchetti said MTA saw high-voltage electrification in general as a major growth opportunity, and the supplier is doing research into components such as inverters.

    MTA is privately owned by the heirs of founder Antonio Falchetti (grandfather of the current CEO). The group had 1,550 employees at the end of 2019.

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