KONGSBERG AUTOMOTIVE WITH 2 NEW CONTRACTS WITH TOTAL VALUE OF 10.5 MEUR (81 MNOK) IN NORTH AMERICA

Production will be in KA’s facilities in Matamoros and Reynosa, Mexico. Both contracts have a five year span and start of production will be progressively from Q2 2012. The total lifetime value of both contracts is 10.5 MEUR (81 MNOK).

“The pneumatic lumbar business is really taking off in North America. Seats need to be more compact and lighter and this makes our pneumatic lumbar a perfect fit”, says Scott Paquette, Executive Vice President for KA Interior business area.