Car components supplier now called Akwel / Targeted turnover of EUR 1.2 bn
Automotive parts supplier MGI Coutier (Champfromier / France; has been operating under the name Akwel since 5 June 2018. The measure is to combine its extensive acquisitions of the last few years under a single brand. The 69.7% stake held by the Coutier family remains unchanged.

Akwel, which currently has nearly 11,000 employees at 42 plants around the world, has virtually doubled its sales since 2011 with acquisitions running into millions of euros. The company says it has changed from a parts supplier to a systems provider for customers such as PSA, Ford, Renault-Nissan, GM, JLR, FCA, Volvo, BMW, Daimler, Dongfeng and Changan.

The company has two main areas of expertise. Fluid management accounts for 86% of total sales and mechanisms accounts for 14%. It processes both steel and plastics, turning the latter for example into blow-moulded and injection-moulded containers for coolants, washer fluid systems and media lines. In 2017, the group's companies processed around 22,000 t of plastics on more than 350 injection moulding, extrusion and blow moulding machines, as well as 32,000 t of elastomers and 23,500 t of metals.

In order to strengthen its presence in Asia and eastern Europe, Akwel intends to start up a plant in Thailand before the end of this year, followed in 2020 by another in Vidin / Bulgaria. For that year, turnover is planned to reach EUR 1.2 bn. The group exceeded the EUR 1 bn mark in turnover in fiscal 2017, up 6.3% on the prior year.
13.06.2018 [239908-0]
Published on 13.06.2018
German version...German version of this article...

© 2001-2018  |  Imprint  |  Privacy is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2018 by, Bad Homburg
Date of print: 21.09.2018 10:08:45   (Ref: 579247524)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: