Trelleborg Completes the Formation of Joint Venture in Antivibration Solutions - aftermarketNews

Trelleborg Completes the Formation of Joint Venture in Antivibration Solutions

The joint venture comprises Trelleborg's earlier operation in antivibration solutions and Freudenberg's corresponding operation, Vibracoustic.

TRELLEBORG, Sweden — Trelleborg and Freudenberg have completed the formation of the joint venture in antivibration solutions for light and heavy vehicles, TrelleborgVibracoustic.

“I am very pleased that the joint venture now is operational. We have formed a global leader in antivibration solutions, a growing segment within the automotive industry,” says President and CEO Peter Nilsson. “Trelleborg as a group will consequently be part of an operation with even higher growth and profitability potential than the antivibration operation we had before. It will create greater value for Trelleborg to come.”

The joint venture comprises Trelleborg’s earlier operation in antivibration solutions and Freudenberg’s corresponding operation, Vibracoustic. At year-end 2011/2012, the combined annual sales were approximately SEK 13.4 billion, of which Trelleborg Automotive accounted for approximately SEK 7.1 billion.

Trelleborg’s President and CEO Peter Nilsson is chairman of the supervisory board. The management board of TrelleborgVibracoustic consists of Jim Law and Lennart Johansson, both from the Trelleborg Group, and Hans-Jürgen Goslar and Norbert Schebesta, both from the Vibracoustic Management Board. Spokesperson for TrelleborgVibracoustic is Hans-Jürgen Goslar.

Trelleborg’s participation in the 50/50 joint venture TrelleborgVibracoustic is recognized using the equity method. The group’s share of profits in the company is recognized in the income statement under the item “Share of profit or loss in associated companies before tax” and included in operating profit and on the line “Tax on share of profit or loss in associated companies”, which is recognized as a tax expense.

For more information about TrelleborgVibracoustic, visit www.tbvc.com.

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger