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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Edison Investment Research
Provider: Edison Investment Research

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Kongsberg Automotive Holding ASA Wins EUR 10 Million New Contract in China

Tuesday, 26 Feb 2013 04:02am EST 

Kongsberg Automotive Holding ASA announced that it has been awarded a contract for Fluid Transfer Systems (FTS) in China with a global vehicle manufacturer, worth EUR10 million over its five-year duration. The product will be based upon the Nylon tube technology and is a developed tube assembly that performs a function within the braking system and will be produced at the Wuxi (China) facility. Start of production is 2015. FTS are already supplying to similar vehicle from manufacturing facilities in Europe and North America. 

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