AKWEL reports sales of €1,062.1 million in 2018

AKWEL reported record annual sales of €1,062.1 million in 2018, up 3.7% on a reported basis and 9.4% on a like-for-like basis. The AKWEL group posted sales of €262.2 million in fourth-quarter 2018, up 0.6% on a reported basis and 5.0% like-for-like. Read the press release

Inauguration of plant in Thailand

The AKWEL Group inaugurated on November 29th its first factory in Thailand, located in Rayong province, in the presence of local authorities (Hemaraj Industrial estate authority of Thailand, Rayong Free zone custom), of its customers Auto Alliance Thailand (joint venture between Ford Motor Company and Mazda Motor Corporation), and FORD Thailand and companies that intervened … Read more

Nine-month 2018 sales totalled €799.9 million, up 4.8%

Akwel achieved sales of €240.6 million in Q3 2018, up 5.1% unadjusted. In a worldwide automotive market up 1.5% over the first nine months of 2018, Akwel achieved sales of €799.9 million during the period, up 4.8% unadjusted. On a like-for-like basis, sales increased by 11.0%. Read the press release

The 25th anniversary of the Rudnik site (Czech Republic)

In October 1993, 25 years ago, Avon Rubber plc. (which would go on to become Avon Automotive then AKWEL) acquired a 65% holding in the company Rubena Náchod, specialising in rubber and based in Rudnik, a small town with just over 2,000 inhabitants in the north of the Czech Republic. At the time it joined … Read more

First-half 2018 earnings

Sales of €559.3 million Operating margin of 10.3% In the first half, the Akwel Group achieved sales of €559.3 million, up 4.6% unadjusted and 10.7% on a like-for-like basis. Read the press release

Inauguration of our third plant in China, in Wuhan

  The AKWEL Group inaugurated on September 19th its third factory in China, in Wuhan, in the presence of local authorities (committee of the sustainable French-Chinese model city of Wuhan, members of the government of Caidin District), of its customers DPCA (Dongfeng Peugeot-Citroën Automobile), Renault-Donfeng, Ford Changan and companies that intervened on the site. The … Read more

Bursa (Turkey) and Monteux (France) plants rewarded by the PSA “Best plant” award

Each year, PSA rewards among its suppliers those who distinguished themselves by their outstanding results and their ability to support the Group in its strategic plans “Push to Pass” and “PACE”. The Quality level, the supply chain, the industrialization and the project launching are the main criteria to receive this price.   During the ceremony … Read more

First half 2018 sales up 4.6%, to €559.3 million

Growth momentum continued for AKWEL in Q2 2018, with sales of €279.0 million, up 5.7% unadjusted. In the first half AKWEL had income of €559.3 million, up 4.6% unadjusted and 10.7% on a like-for-like basis. Read the full press release

New trading name from 05 june 2018

At their Ordinary and Extraordinary Meeting of 30 May 2018, the shareholders of MGI Coutier decided to change the name of the company to AKWEL. As a result, from 5 June 2018, the new name and ticker designation of the shares will be as follows: New name: AKWEL ISIN code: FR0000053027 Euronext code: FR0000053027 New … Read more

MGI Coutier becomes AKWEL

A tier-one automotive equipment manufacturer, the Group is now continuing its transformation and international expansion with a rebrand. This unifying identity marks a new drive forward for the group, in line with the dynamic profile of Akwel. Already the preferred supplier of car and HGV manufacturers, Akwel is now in a real position to challenge … Read more

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