From the Sector

Ulrike Reich has been appointed Head Corporate Communications at Autoneum, effective immediately. She succeeds Claudia Güntert, who left the company last year.

Ulrike Reich holds a Master of Arts in communication from the University of Miami, Florida, USA, and a diploma in journalism from the University of Dortmund, Germany. With over 25 years of experience in international communication roles, most recently as Vice President Corporate Communications at Freudenberg Sealing Technologies, she brings extensive expertise in global media relations, executive and crisis communication, branding, and internal communication.

Ulrike Reich is reporting to Eelco Spoelder, CEO Autoneum.

The number of lithium-ion battery electric vehicles (BEV) in use worldwide is growing rapidly. As a result, ensuring the safety of the battery pack and thus minimizing the risk of fire accidents has become a key issue for car manufacturers across the globe. In order to protect vehicle occupants in the event of a so-called thermal runaway, in which the battery heats up quickly and uncontrollably and, in the worst case, ignites or explodes, fire protection materials and components such as flame shields are among the most effective methods.

Autoneum’s new E-Fiber flame shields offer flame protection and electrical insulation inside the battery housing. They can withstand extreme temperatures, pressure and abrasions, thus significantly increasing the safety of passengers in the event of the battery overheating and catching fire. As the shields are made from a composite material, they are also considerably lighter, mechanically stronger and more cost-efficient than the mineral mica alternatives on the market.

Autoneum’s new E-Fiber flame shields offer flame protection and electrical insulation inside the battery housing. They can withstand extreme temperatures, pressure and abrasions, thus significantly increasing the safety of passengers in the event of the battery overheating and catching fire. As the shields are made from a composite material, they are also considerably lighter, mechanically stronger and more cost-efficient than the mineral mica alternatives on the market.

In contrast to alternative standard products, which often consist of heavy and brittle mineral materials such as mica, the innovative shields based on E-Fiber are lightweight, stiff and stable and offer optimum flame protection and fire blast resistance. Due to the moldability of the material, the shields also ensure excellent battery coverage and design flexibility. Thanks to the possibility of manufacturing components with complex 3D shapes, there is also the potential to integrate an additional function to guide hot gases away from the battery. The shields are based on a composite material made of reinforcing fibers and resin, which are formed into thin layers of one to two millimeters.

The heat resistance of up to 1400°C and the mechanical strength of the material significantly increase the shields’ resistance to high temperatures, but also hot particle abrasion and gas pressure. Moreover, the fibers provide the part’s non-conductive and insulating properties, which are necessary for the battery system’s electrical insulation and thermal safety.

The E-Fiber flame shields can be installed between the battery cells and the battery cover or the vehicle floor and contribute significantly to increasing the safety of vehicle occupants in the event of a battery thermal runaway. They thus offer a lightweight, safe and geometrically adaptable alternative to standard flame shields on the market. In addition, the composite shields are completely riskfree from a compliance perspective. This is in contrast to mica-based products, which can prove problematic in terms of responsible sourcing.

Autoneum’s E-Fiber flame shields have already been validated in battery tests and are currently in pre-development with various customers in Europe.

The acquisition of a majority stake of 70 percent in the Chinese automotive supplier Jiangsu Huanyu Group, which was announced in November 2024, was completed with effect from February 28, 2025, following approval by the authorities. As a result, Business Group Asia secures access to all major Chinese manufacturers and significantly increases its annual revenue.

The agreement to acquire 70 percent of the shares of Jiangsu Huanyu Group, which was signed on November 19, 2024, was executed today. All necessary approvals by the authorities for the take-over have been granted. As a result, Autoneum is acquiring a majority stake in one of the leading suppliers of lightweight components for light and commercial vehicles in China as of February 28, 2025. Autoneum also has the option to purchase the remaining 30 percent of the share capital in 2028. As previously announced, the Jiangsu Huanyu Group will continue to operate under its Chinese name.

Established in 2001, Jiangsu Huanyu Group operates 13 production facilities* with approximately 1 200 employees in close proximity to local vehicle manufacturers in the north, west and southeast of China, including the booming automotive hubs of Anhui and Shaanxi. The plant in Wuhan is operated by several companies of the Jiangsu Huanyu Group, but officially counts as only one site. Therefore, a total of 13 production facilities were acquired with the Jiangsu Huanyu Group, and not 14 as announced on November 19, 2024.

The Group’s product port-folio includes components for the vehicle interior such as carpets, inner and outer dashes, headlin-ers, trunk and interior trim, wheelhouse outer liners as well as insulation for the engine bay and the underbody, offering strong potential for synergies with Autoneum’s current product offerings. In the 2023 financial year, Jiangsu Huanyu Group generated revenue of around CHF 130 million with a significant increase in 2024.

The takeover marks another milestone on the way to generating 20 percent of Group revenue in Asia in the medium term. Autoneum Chief Executive Officer Eelco Spoelder explains: “Jiangsu Huanyu Group achieves over 90 percent of its revenue with Chinese customers, making it an ex-cellent strategic fit for Autoneum. We are gaining access to an established customer base in China, including several major Chinese vehicle manufacturers such as BYD, BAIC and GAC, and are thus significantly strengthening our position in the world’s largest automotive market. Jiangsu Huanyu Group’s presence and diversified product portfolio will also support the expansion of our commer-cial vehicle business in China and enable us to leverage further synergies in the areas of technology, manufacturing processes and purchasing.”

In the 2024 financial year, the global automotive industry recorded a slight decline in produc-tion of –1.1%* compared to the previous year. In this weakening environment, Autoneum in-creased its consolidated revenue in Swiss francs by CHF 36.4 million to CHF 2 338.7 million. Excluding translational effects from the conversion of local currencies into Swiss francs, revenue rose by CHF 96.1 million or 4.2% to CHF 2 398.5 million, which is in the middle of the guidance of CHF 2.3 billion to CHF 2.5 billion. Based on the preliminary figures, Autoneum expects an EBIT margin of over 5% and free cash flow of just over CHF 100 million for the 2024 financial year, thus fully confirming the guidance.

Business Group Europe achieved revenue of CHF 1 152.4 million in the 2024 financial year, an increase of CHF 78.5 million compared to CHF 1 073.9 million in the previous year. In local curren-cies, revenue grew by 9.8%. The first-time consolidation of four instead of three quarters of Borgers Automotive, which was acquired in 2023, resulted in an inorganic increase of 13.0%. Organically, revenue in local currencies declined by 3.2%, outperforming the market, which recorded a decline of 4.6%*.

Business Group North America outperformed the market in local currencies: while vehicle pro-duction fell by 1.4%* overall, Business Group North America recorded a slight increase of 1.3% in revenue. Borgers Automotive made a positive contribution of 3.0% to inorganic growth, while the organic revenue change was –1.7%. Consolidated revenue in Swiss francs amounted to CHF 884.6 million. (2023: CHF 895.9 million).

Business Group Asia generated revenue of CHF 198.3 million in Swiss francs, which was CHF 44.5 million below the previous year (2023: CHF 242.8 million). In local currencies, revenue shrank by 15.3% overall. The organic decline in revenue amounted to 16.6%, while the additional first quarter of Borgers Automotive, which was acquired in 2023, had a positive impact of 1.3% in the reporting year. The market in Asia remained stable with a growth of 0.1%*. In 2024, local Chinese vehicle manufacturers continued to gain market share in China at the expense of Japanese and European producers, which was clearly reflected in the revenue development of Business Group Asia. This trend underlines the importance of the acquisition of the Chinese Jiangsu Huanyu Group, announced on November 19, 2024, which generates over 90% of its reve-nue with Chinese car manufacturers in China and will significantly strengthen Autoneum's market position.

Business Group SAMEA (South America, Middle East and Africa) achieved revenue growth of 14.4% in local currencies, mainly due to inflation-related price increases. In Swiss francs, revenue amounted to CHF 121.4 million. This corresponds to an increase of CHF 12.4 million or 11.3% compared to the previous year.

Autoneum has supported Renault Group in the development of Renault Emblème, a low-carbon demonstration car designed to reduce greenhouse gas emissions by 90 percent over its entire life cycle. As a key partner of the project, Autoneum further optimized the environmental performance of its sustainable Pure technologies, which were used for numerous components in the vehicle interior and exterior. Leveraging its proven expertise in the development of lightweight and fully recyclable monomaterials with a high recycled content, as well as in the areas of life cycle analysis (LCA) and product innovation, Autoneum was able to reduce the carbon footprint of its parts and contribute to a significant reduction in vehicle weight for Renault Emblème.

Increasingly stringent regulations to reduce greenhouse gas emissions on a global scale, new directives and the electrification of mobility require innovative approaches from the entire automotive industry. To support vehicle manufacturers in achieving their sustainability targets, Autoneum continuously optimizes the environmental performance of its products and processes: from further increasing the share of recycled content and the end-of-life recyclability of its lightweight technologies to reducing waste and shifting to renewable energy in its production facilities. In addition, the Company is working closely with customers and partners to validate data and products together. One of the most recent examples of such a successful collaboration is Autoneum’s contribution to Renault Emblème.

The Renault Emblème demonstration car emits 90% fewer greenhouse gases over its entire life cycle than a comparable vehicle produced today. To achieve these ambitious decarbonization targets, Renault Group assembled more than twenty suppliers from across the industry to participate in specialized projects in five different areas: eco-design, raw material selection, manufacturing, use and end of life. In addition to providing valuable expertise in the areas of LCA and product development, Autoneum’s contribution entailed the further optimization of its environmentally friendly Pure technologies, which already today are characterized by an excellent sustainability performance across the product life cycle and also include the Company’s growing portfolio of monomaterial technologies made of 100 percent polyester.

Autoneum’s innovative and lightweight materials were used for around thirty fiber-based components in the interior and exterior of Renault Emblème, including the carpet, the underbody panels and wheelhouse outer liners as well the front and rear trunk. Thanks to the high recycled content, the waste-free production process and the excellent recyclability of the materials at the end of their service life, Autoneum was able to reduce drastically the carbon footprint of the components. This outstanding achievement was made possible by further boosting the sustainability performance of existing technologies such as Ultra-Silent, Propylat PET, Hybrid-Acoustics and Autoneum’s monomaterial polyester carpet systems. In addition, the parts contributed to a weight reduction, which positively affected both the carbon footprint and the range of the electric car.

Autoneum signed an agreement to acquire 70 percent of the shares of Jiangsu Huanyu Group, a leading automotive supplier for acoustic and thermal management in China. Business Group Asia is thus expanding its customer base to include major Chinese vehicle manufacturers such as BYD, BAIC and GAC, and will significantly increase its annual revenue. The transaction is scheduled to close in March 2025.

With around 30 million light vehicles produced annually, China is the world’s largest automotive market and, with an expected increase to 32.4 cars in 2030, it is also one of the most important growth markets for the automotive industry. Established in 2001, Jiangsu Huanyu Group is today one of China’s leading suppliers of lightweight components for light and commercial vehicles. The company operates 14 production facilities with around 1 100 employees in the immediate vicinity of local automotive manufacturers in the north, west and southeast of China.

Jiangsu Huanyu Group’s product portfolio includes components for the vehicle interior such as carpets, inner and outer dashes, headliners, trunk and interior trim, wheelhouse outer liners as well as insulation for the engine bay and the underbody. Jiangsu Huanyu Group also supplies commer-cial vehicle manufacturers in China, supporting Autoneum’s strategic initiative to grow its truck business in China. Synergies in the areas of technology and purchasing will also contribute to the further development of Business Group Asia. In the 2023 financial year, Jiangsu Huanyu Group generated revenue of around CHF 130 million and is recording strong growth in 2024. It is planned to continue operating the company under the Chinese company name.

The acquisition of Jiangsu Huanyu Group will be done in two phases. The closing of phase 1, the takeover of a majority stake of 70 percent at a purchase price of around CHF 75 million (excluding cash and cash equivalents and debt), is expected in March 2025 after approval by the authorities. As for the acquisition of the remaining 30 percent of the share capital, phase 2, Autoneum has a call option, which can be exercised in 2028. This two-phase approach binds both the current shareholders and the employees in key positions and allows Autoneum, together with Jiangsu Huanyu Group, to continue and further develop existing business activities smoothly.

“Jiangsu Huanyu Group has broad customer access to the largest local vehicle manufacturers in China. With its plants in the key automotive hubs in China, the company is an excellent strategic addition to Autoneum and brings us a significant step closer to our medium-term target of generating 20 percent of Group revenue in Asia,” explains Eelco Spoelder, Chief Executive Officer of Autoneum. “The acquisition of the majority stake in Jiangsu Huanyu Group will strengthen our position in China, the world’s largest and fastest-growing market, both in the light and commercial vehicle business. This step not only gives us access to an established customer base in China, but also allows us to further expand our presence and gain strong influence in the booming automotive hubs of Anhui and Shaanxi.”

The Top Employers Institute has recognized Autoneum as a Top Employer 2024 in Switzerland. Being certified as a Top Employer showcases an organization’s dedication to a better world of work and exhibits this through their policies and people practices. This year, the automotive supplier's Human Resources (HR) department at its headquarters in Winterthur, Switzerland, took part in the comprehensive survey of the Top Employers Insti-tute for the first time and achieved an outstanding result.

The institute has been auditing companies worldwide for over 30 years. The certification program, which is based on an international standard, makes HR measures and their impact on employee conditions objectively measurable. To achieve this, the Top Employers Institute certifies organizations based on the participation and the results of their HR Best Practices Survey. This survey covers six HR domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Wellbeing and more.

The program has certified and recognized over 2 300 Top Employers in 121 countries/regions across five continents.

With its new sustainability label Autoneum Blue, Autoneum combines the use of recycled materials with protecting the oceans and social responsibility. Autoneum Blue is a continuation of the LABEL blue by Borgers®, which was originally launched by Borgers Automotive. Following the acquisition of the German automotive supplier in April 2023, Autoneum has now fully integrated the label into its sustainable product portfolio.

Marine pollution has reached alarming levels in recent decades, with plastic contamination posing one of the most harmful threats to the health of the world’s largest ecosystem. In light of ever-stricter legal requirements for the environmental performance of vehicles, especially regarding the recycled content of components and their end-of-life recyclability, the reduction and recycling of plastics is also one of the key challenges for the automotive industry. Autoneum Pure, the Company’s sustainability label for technologies with an excellent sustainability performance throughout the product life cycle, is already successfully helping customers to tackle these challenges. With Autoneum Blue, Autoneum is now expanding its sustainable product portfolio with a label for components that combine the use of recycled material with protecting the oceans and social responsibility.

In order to qualify for the Autoneum Blue label, components must be based on materials that consist of at least 30% recycled PET that was collected from coastal areas within a 50-kilometer range of the water. These credentials mean the products make an important contribution to preventing plastic pollution in the oceans. In addition, the process of collecting the PET bottles must be socially respon-sible and comply with human rights, and traceable procurement of the bottle flakes must be guaran-teed. Autoneum Blue thus complements the Company’s strategic target to continuously reduce water consumption in all areas of its operations with an additional focus on preventing plastic pollution of the oceans.

Autoneum currently offers selected wheelhouse outer liners, needlepunch carpets and trunk side trim under the Blue label. In principle, however, the label could be extended to any product based on Autoneum technologies that feature recycled polyester fibers. As an addition to Autoneum’s existing fully recyclable monomaterial polyester constructions, which are characterized by waste-free production and have a significantly lower carbon footprint compared to products made from virgin fibers, Autoneum Blue presents another example of the Company’s ongoing efforts and continuous strides towards a sustainable circular economy.

Using recovered resin from discarded car bumpers, Autoneum’s sustainable Re-Liner technology transforms a previously unusable waste product into lightweight and durable wheelhouse outer liners. In addition to their high recycled content, the eco-friendly components require significantly less energy to produce than conventional alternatives. The innovation presents another important step towards a more sustainable circular economy and has now been nominated for the 2023 PACE Award.

Autoneum has been selected as one of the finalists for the 2023 Automotive News PACE Awards. Entering its 29th year, this prestigious award honors superior innovation, technological advancement and business performance among automotive suppliers.

Re-Liner is based on a core of polyolefins recovered from post-consumer bumpers and has a textile top layer made of fibers from recycled materials. “Autoneum has recognized the untapped potential of recovered resin from automotive bumper covers as a resource and is giving this former waste product a second life,” explained Dan Moler. “The core resin of Re-Liner is 100% automotive post-consumer recycled material, not just a filler or additive to a virgin material. Lightweight, durable, and sustainable wheelhouse outer liners based on this technology are expected to reduce waste generated by bumper covers by nearly one million kilograms in 2023.”

For more than a quarter century of a century, the PACE Award has honored innovations driven by automotive suppliers. The award is known in the global automotive industry for identifying and recognizing the latest game-changing innovation: from the plant floor to the product to the showroom. In 2000, Autoneum (then Rieter Automotive) already received a PACE Award for its Ultra-Light technology. In addition, two of the Company’s technologies have also been nominated as finalists in the past: Ultra-Silent in 2010 and Theta-Fiber in 2012.

Autoneum erzielte 2022 weitere messbare Fortschritte in den Bereichen Umwelt, Soziales, Governance und Compliance. Das Unternehmen verpflichtete sich zu wissenschaftlich fundierten Zielen, die im Januar 2023 von der «Science Based Targets»- Initiative (SBTi) validiert wurden. Die Ziele stehen im Einklang mit denen des Pariser Abkommens, die globale Erwärmung auf deutlich unter 2°C zu begrenzen, und unterstützen die bereits in der «Advance Sustainability»-Strategy verankerten Umweltziele von Autoneum. Im Berichtsjahr wurden die Treibhausgasemissionen weiter reduziert und die Recyclingkapazitäten global ausgebaut.

Trotz der zahlreichen Herausforderungen, mit denen die Automobilindustrie auch im vergangenen Jahr konfrontiert war, konnte das Unternehmen, seine gesamten Treibhausgasemissionen im Vergleich zum Basisjahr 2019 relativ um 14.8% und absolut um 33% zu senken. In 37 Autoneum-Werken weltweit wurden 214 Ökoeffizienz-Projekte zur Reduzierung von Abfällen sowie des Energie- und Wasserverbrauchs durchgeführt, womit sich die Anzahl solcher Projekte im Vergleich zu den Vorjahren fast verdreifachte.

Das Unternehmen konnte mit der Einführung seiner vollständig rezyklierbaren Teppichsysteme aus 100% Polyester, die auf bestehenden und besonders umweltfreundlichen Pure-Technologien aufbauen, seine Position als Markt- und Technologieführer im nachhaltigen Akustik- und Wärmemanagement für Fahrzeuge weiter ausbauen. Für die innovativen Tuftingteppichsysteme hat Autoneum erste Kundenaufträge erhalten. Auch für E-Motor-Kapselungen auf Basis seiner patentierten, lärmreduzierenden Pure-Technologie Hybrid-Acoustics PET wurden weitere Aufträge gewonnen.

Autoneum hat 2022 das erste unternehmensweite Frauennetzwerk ins Leben gerufen. Ziel des Netzwerks ist es, die Gleichstellung der Geschlechter und eine Kultur der Vielfalt und Inklusion bei Autoneum zu fördern und Mitarbeitenden einen regionen- und funktionsübergreifenden Austausch zu Themen wie Karriereentwicklung, Führung und Vereinbarkeit von Beruf und Familie zu ermöglichen. Darüber hinaus haben Mitarbeitende von Autoneum 2022 weltweit 67 Projekte zur Förderung des gesellschaftlichen Engagements durchgeführt.

Im Berichtsjahr legte Autoneum zudem einen besonderen Fokus auf den Ausbau der Corporate-Responsibility-Organisation im gesamten Unternehmen. Darüber hinaus wurde der Verwaltungsrat stärker in die entsprechenden Prozesse eingebunden. Mit der Aufnahme von Zielkriterien aus den Bereichen Umwelt, Soziales und Governance («Environmental, Social, Governance» – ESG) in den Executive Bonus Plan der Gruppe ab dem Geschäftsjahr 2022 wird das Thema Nachhaltigkeit für Autoneum in Zukunft noch mehr an Bedeutung gewinnen.