Mahle Increases Share of Piston Manufacturer
Mahle International has increased its share in Izumi Piston Manufacturing Co, (Thailand) Ltd from 34 to 52 per cent. The company will now operate under Mahle Engine Components Thailand Ltd supplying the Thai automotive industry with 1.8 million pistons per year, predominantly for passenger car and commercial diesel engines. The 370 employees at the Bangkok location currently achieve sales of around 13.1 million euros. With 7 locations, Mahle now has a production capacity of 18 million pistons and is one of the largest suppliers in this sector on the most dynamic growth market. The announcement is retrospectively effective from 1 January.