SGL Carbon and Brembo have agreed to expand production capacities for their Brembo SGL Carbon Ceramic Brakes (BSCCB) joint venture. After months working on the details, the two companies have confirmed that BSCCB will invest around €150 million between now and 2027 to expand production capacity at sites in Meitingen (Germany) and Stezzano (Italy) by more than 70 per cent.
On 28 February 2023, Pirelli shareholder Camfin SpA and its parent Marco Tronchetti Provera & C. SpA (MTP/Camfin) signed a shareholder agreement with Brembo SpA and Next Investment Srl, together with its parent NuovaFourB Srl (Brembo). The agreement covers Brembo’s commitment to align its vote with that of MTP/Camfin, following prior consultation, on matters included in the agenda at Pirelli’s ordinary or extraordinary shareholder meetings.
Brembo and Chinese brake manufacturer Gold Phoenix have signed a 50:50 Joint Venture agreement to create Shandong BRGP Friction Technology Co. Ltd, the first large scale Brembo manufacturing facility fully dedicated to producing aftermarket brake pads. Brembo and Gold Phoenix have agreed to invest 35 million euros in the project over the next three years. Shandong BRGP Friction Technology Co., Ltd is expected to start operations in early 2023 in Jinan, the capital of Shandong province in Eastern China.
The General Shareholders’ Meeting of Brembo approved its new corporate governance on 17 December 2021. In short, the move means, the previously-announced plans to Matteo Tiraboschi, executive chairman of Brembo S.p.A.; Daniele Schillaci, CEO; and Alberto Bombassei, chairman emeritus have been given the green light.
The Board of Directors of Brembo S.p.A. has named Matteo Tiraboschi, currently executive deputy chairman, preferred candidate to become its chairman following the resignation of Alberto Bombassei. Tiraboschi’s appointment will be on the agenda at a General Shareholders’ Meeting scheduled for 17 December, along with a proposal to amend the company’s by-laws in order to create the new role of Chairman Emeritus.
Brake systems specialist Brembo is marking its 60th anniversary by planting a forest of more than 14,000 trees and donating them to employees around the world. The Brembo Forest will rise in Kenya, near Lake Victoria, where Brembo will work in partnership with web platform Treedom – the first system that allows trees to be planted remotely and their stories followed online.
Brembo has unveiled an innovation that integrates artificial intelligence-based software its firm’s brake components. It calls this new intelligent braking system Sensify and aims to have it on the market from the start of 2024.
Polyphony Digital Inc., developer of the Gran Turismo series for Playstation consoles since 1997, has chosen Brembo as the official technical partner in braking systems for Gran Turismo 7. The new video game will be available for PS4 and PS5 consoles from 4 March 2022.
Brake manufacturer Brembo is opening a “Brembo Inspiration Lab” in California’s Silicon Valley (USA) to strengthen the company’s “expertise in software development, data science and artificial intelligence.” The Brembo Inspiration Lab is expected to open in the fourth quarter of 2021. No details of the associated investment have yet been released.
Schaeffler and Brembo will present the first-ever ‘dynamic collaboration’ between two original equipment manufacturers at Autoinform Live 2021. In a 40-second clip, Schaeffler REPXPERT, Mike Tomkins, and Brembo Aftermarket Area Manager, Siti Abdullah, reveal that both brands will present an informative insight into current and future developments of braking and chassis systems at the GTG Training Academy in Wolverhampton on the 6 and 7 November.
Leading brake manufacturer Brembo has reported a 17.2 per cent increase in first-quarter 2021 revenues to 675.1 million euros. According to the company, the figure is even higher (+20.9%) where foreign exchange effects are considered on a basis. During the same period pre-tax profits (EBITDA) amounted to 135.6 million euros, which equates to a margin of 20.1 per cent (EBITDA). Net profits for the first quarter stood at 61.4 million euros.
At the end of April, Brembo agreed to buy 100 per cent of J.Juan Group, a Spanish company specialising in the development and production of motorbike braking systems, for 70 million euros. The acquisition is expected to close in the second half of 2021 following regulatory approvals.
Italian brake manufacturer Brembo has reported increased fourth quarter sales and pre-tax profits despite the corona-related loss in annual turnover the firm also reported. Fourth quarter 2020 revenues amounted to 649.7 million euros, up 4.5 per cent compared to the same period of the previous year. Pre-tax profits were (EBITDA) were 121.6 million euros (EBITDA margin: 18.7%). As result, the company’s net debt position improved by 121.0 million euros compared to 30 September 2020.