VARNAMO, Sweden, Dec. 17, 2003 (PRIMEZONE) -- Finnveden will deliver seat sides produced from magnesium to the seat manufacturer Grupo Antolin. The seats are being produced for a French car maker's new car model.
The deliveries are expected during a five-year period to amount to a value of approximately SEK 200 M. The seat sides will be delivered by Finnveden's Metal Structures business area, with start during the second quarter of 2005.
The seat sides will be die cast in magnesium. Producers are seeking new lightweight materials to reduce vehicle weight. The aim is to decrease weight and as a result reduce fuel consumption.
"Vehicles of the future will be built from lighter weight and new mixed materials to minimize vehicle weight. In addition, the material must have high strength and energy absorbing properties in the event of a collision. This is the type of products in which Finnveden Metal Structures specializes," says Tommy Boork, President and CEO of Finnveden.
Finnveden AB (publ) For further information, contact: Tommy Boork, President and CEO +46 (0)31-734 59 10
Finnveden is an international engineering group, with strong market positions in the automotive industry. Products include fasteners, engine components and structural components. Finnveden is listed on Stockholmsborsen (Stockholm Exchange) and has annual sales of about SEK 4.5 billion, with 3,300 employees. Additional information is available on Finnveden's website: www.finnveden.se.
The Metal Structures business area was formed in autumn 2003 through a merger of Sheet Metal Components and Finnveden's die-casting plant in Hultsfred, Sweden. Metal Structures develops and manufactures load- bearing and energy absorbing chassis and chassis components.
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