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Schaeffler Recognized as a GM 2023 Top Global Supplier
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By NAPA
ATLANTA, Aug. 15, 2024 /
link hidden, please login to view/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Will Stengel, President & CEO, and Bert Nappier, EVP & CFO, will present at the Goldman Sachs 31st Annual Global Retailing Conference at 1:10 p.m. ET on Thursday, September 5, 2024. The presentation will be webcast live on the link hidden, please login to view. A replay of the webcast will be available after the event.
About Genuine Parts Company
Established in 1928, Genuine Parts Company is a leading global service provider of automotive and industrial replacement parts and value-added solutions. Our Automotive Parts Group operates across the U.S., Canada, Mexico, Australasia, France, the U.K., Ireland, Germany, Poland, the Netherlands, Belgium, Spain and Portugal, while our Industrial Parts Group serves customers in the U.S., Canada, Mexico and Australasia. We keep the world moving with a vast network of over 10,700 locations spanning 17 countries supported by more than 60,000 teammates. Learn more at link hidden, please login to view.
SOURCE Genuine Parts Company
For further information: CONTACTS: Investor contact: Timothy Walsh, (678) 934-5349, Senior Director - Investor Relations, Media contact: Heather Ross, (678) 934-5220, Vice President - Strategic Communications
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By jack wilson
As a truck owner, maintaining your vehicle's health is crucial to its longevity and performance. One of the most important aspects of truck maintenance is regular oil changes. In this blog, we'll explore the benefits of regular truck oil changes and answer the question, "What are the benefits of regular link hidden, please login to view?" Here are the top 8 facts you need to know.
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By Counterman
link hidden, please login to view brought together its global network of suppliers for the bi-annual Global Supplier Event, held earlier this month in Ludwigsburg. Guided by the motto “Transform to Perform – Perform to Transform”, link hidden, please login to viewhighlighted the pivotal role of suppliers in the company’s ongoing journey of transformation and performance excellence, the company said. Over 50 companies from 17 different countries got the opportunity to network and discuss topics around procurement, filtration technologies and execution management. “In this uncertain environment, is more important than ever to stay innovative, competitive, and fast when it comes to strategy execution,” said Hanno Höhn, Chief Procurement Officer at the MANN+HUMMEL Group. “Because only together, we can transform successfully”.
“Our goal is to be at the forefront of advancements, ensuring that we not only keep pace with industry changes but also drive them,” said Kurk Wilks, CEO and President of the MANN+HUMMEL Group. “We thank our suppliers for their commitment to help us meeting our strategic objectives and market demands. Together, we can capitalize on emerging opportunities and drive sustainable growth,”
Supplier Awards 2024
MANN+HUMMEL recognized its top suppliers for their exceptional contributions in various categories:
Partnership: Anhui Zhongding Sealing Group, Atlantic Packaging, Gaubb Industries Corporate Social Responsibility: Envalior Risk Management: Zhejiang Yinlun Machinery Quality: LADESA Logistics: ZALESI Technology: TK Group Commercial Excellence: Hollingsworth & Vose, Wallner Expac, Zhenhan Jiangxi Science and Technology The post
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By Counterman
link hidden, please login to view (SMP) announced it has reached a definitive agreement to acquire AX V Nissens III APS (Nissens), a European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies. The transaction values Nissens at approximately $388 million and is expected to be completed in the second half of 2024. “We are delighted to announce this acquisition, which will make our combined business the aftermarket leader in North America and Europe in thermal management products,” said Eric Sills, Standard Motor Products’ chairman and CEO. “It will also expand SMP’s portfolio of powertrain-neutral product categories. We plan to continue operating Nissens as a stand-alone unit, while leveraging the combined strength of the two companies to realize both cost and revenue synergies.”
In a news release announcing the acquisition, Sills added, “We believe the combination with
link hidden, please login to viewis a powerful one. Both companies have a similar go-to-market strategy of supplying full-line professional grade product offerings, and enjoy complementary product portfolios. Meanwhile, the two companies largely operate in different geographic markets. As such, we believe that we are stronger together, capitalizing on synergies in both markets and strengthening our position in each. Together, we can accelerate growth through cross-selling our product offerings, realize cost reduction through combined resources, and achieve enhanced operational excellence though collaboration and best practices.” “We are very excited to have SMP as our new owner”, said Klavs Pedersen, Nissens’ chief executive officer. “We have been following SMP’s activities in the US, and we see a lot of similarities in the way SMP and Nissens operate in their respective focus regions. I have personally known the SMP management team for several years, and I believe there is a very strong cultural fit that will support and accelerate the positive development of both companies. We look forward to becoming part of the SMP family.”
The transaction is subject to certain closing conditions, including receipt of applicable antitrust and other regulatory approvals.
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By Counterman
The group
link hidden, please login to view estimates the global piston ring aftermarket will reach a value of $2.81 billion in 2024 and increase 4.8% over the next 10 years. According to FactMR, the market share of gasoline and hybrid cars is still huge, which will keep the demand growth for piston rings in the aftermarket steady over the coming years.
Key Takeaways from the FactMR Study:
Aftermarket sales of piston rings are expected to reach US$ 2.81 billion in 2024. The market is forecasted to touch US$ 4.5 billion by the end of 2034. Aftermarket sales of piston rings in the United States are set to reach US$ 581.1 million in 2024. China occupies a 60% share of the East Asia market in 2024. Aftermarket piston ring sales in Japan are expected to touch US$ 258.4 million in 2024. The East Asia market is projected to expand at a CAGR of 5.9% over the next 10 years. The post
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