Discover the AKWEL production sites – Episode 2: Vigo in Spain
A first stop close to home (Vigo, Spain) Our journey continues in Vigo, on the northwest coast of Spain. Founded in 1967, this factory has had many names, but only one passion: the automobile. This site marks the beginning of AKWEL’s international expansion in the 1990s. In addition to its production plant, Vigo has a … Read more
THE “BUILD IT, RACE IT AND RECYCLE IT” BOAT RACE IN TIMISOARA
Recently, the team from AKWEL TIMISOARA (ROMANIA) won the competition for the most creative and fastest boat manufactured from 100% recycled materials. With its focus on Corporate Social Responsibility, this competition is one of the leading events in Timisoara where sustainable development and recycling are concerned. It brings together companies and organisations from the local … Read more
2021 Turnover totals €922.4 million
AKWEL posted consolidated turnover of €922.4m in 2021, down by ‑1.6%, but up +2.8% comparing like-for-like figures. Turnover up when comparing like-for-like figures Record net cash position at €108.3 million Confirmation of a marked decrease in the 2021 current operating income Read the press release
Video presentation of the AKWEL Champfromier plant (France)
AKWEL, a family-owned company founded in 1972, has become over the years an international automotive supplier whose mission is to be a trusted tier-one supplier for our customers to help them manufacture more reliable, environmentally friendly, autonomous and connected vehicles at a competitive price. With 47 locations worldwide, including 40 production sites, AKWEL is present … Read more
Turnover for the 3rd quarter of 2021
Although AKWEL managed to organise its production against a backdrop of tension on commodities and electronic components, volumes remained at low levels for the global automotive industry. Q3 revenue fell by 19.3% and by 17.3% when taking exchange rates and scope as constants. Read the press release.
AKWEL posts net earnings of €38M in the first half of 2021
In the first half of 2021, AKWEL recorded consolidated revenue of €487.6 m, up 26.0% on 2020 and 33.7% at a constant scope and exchange rates, which is still above the Group’s benchmark markets in Europe and North America. Read the press release.
AKWEL participation on the Renault Megane E-tech Electric vehicle.
Our customer Renault is starting a new chapter in its electric vehicle history, with the launch of its first model designed on a 100% electric platform, the CMF-EV, at the 2021 Munich Motor Show. Named Mégane E-tech Electric, or “Megane-e”, this vehicle is equipped with a “flush” handle and a battery cooling system developed and … Read more
AKWEL JUAREZ (Mexico) has gained its Q1 certification from FORD
The AKWEL JUAREZ site (Mexico) has gained its Q1 certification from FORD. This status confirms the site’s Quality and Logistics performance and was obtained thanks to the outstanding efforts and hard work of its teams. On August 23rd, AKWEL JUAREZ plant hosted the FORD Q1 ceremony. Ford Purchasing Director Raquel Branco, Ford STA Vicente Mayen, … Read more
Turnover increases 26% in the first half of 2021
AKWEL has posted consolidated turnover of €487.6m in the first half of 2021, up by 26.0% compared to the first half of the previous year. Activity remains down by -13.9% compared to the first half of 2019. +33.7% growth at constant scope and exchange rates Activity and visibility adversely affected by production difficulties in the … Read more
Turnover for the 1st quarter of 2021
The evolution of the world market in the first quarter of 2021 had two main characteristics: a rebound in automotive production, mainly driven by Chinaand increasing difficulties in sourcing raw materials and electronic components for car and equipment manufacturers. In this still fragile context, AKWEL recorded growth of +6.3% on a like-for-like basis. Read the … Read more