Put companies on watchlist
NORMA Group SE
ISIN: DE000A1H8BV3
WKN: A1H8BV
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

NORMA Group SE · ISIN: DE000A1H8BV3 · EQS - Company News (20 News)
Country: Germany · Primary market: Germany · EQS NID: 1947905
18 July 2024 09:11AM

NORMA Group provides lightweight tubes for electric vehicles


EQS-News: NORMA Group SE / Key word(s): Miscellaneous
NORMA Group provides lightweight tubes for electric vehicles

18.07.2024 / 09:11 CET/CEST
The issuer is solely responsible for the content of this announcement.


Maintal, Germany, July 18, 2024 – NORMA Group has been awarded a major contract to equip a new platform for small to medium electric passenger cars with lightweight tubes for the battery thermal management system. The customer’s vehicle platform encompasses several car models and targets to enable efficient city mobility. The contract is worth more than EUR 30 million. Starting in December 2026, NORMA Group will deliver around 1.4 million tubes to the customer per year.

CEO Guido Grandi: “Large-scale production and availability of small and medium electric vehicles will be a main driver for the transition towards a low-emission, more climate-friendly mobility. This contract proves that with our engineering expertise, our standardized quality management and our global manufacturing footprint we are the right partner for leading car manufacturers as they broaden and scale up their portfolio of battery-electric vehicles.”

The tubes are made of thermoplastic elastomer, a light and flexible material. With its material and design quality, a TP Flex tube significantly reduces the pressure drop of the fluid that flows through it. The tube is therefore well suited for use in the thermal management systems of electric vehicles where it is particular challenging to keep the pressure in the cooling circuit evenly high.

Carolin Wolfsdörfer, President Mobility & New Energy at NORMA Group: “Our joining technology can be used in all kinds of vehicles. With our engineering capacities, we are able to offer tailor-made solutions according to the customers’ requirements. Specifically in electric vehicles, car manufacturers focus on lightweight components as the total weight of a vehicle influences the amount of energy needed to move it. A lighter electric vehicle requires a less powerful drive or offers a higher range.”

The tubes will be manufactured at NORMA Group’s plant in Subotica, Serbia. For the contract, the company will invest in new ergonomic assembly lines and in modernizing existing thermoforming equipment.

A press photo in printable resolution can be downloaded via this link. Caption: NORMA Group's TP Flex tube is used in the battery thermal management system

Additional information on the company is available at www.normagroup.com. More press photos are available from our platform on www.normagroup.com/images.

 

Media contact

NORMA Group SE

Lina Bosbach

Director Group Communications

Email: Lina.Bosbach@normagroup.com

Phone: +49 (0)6181 – 6102 7606

 

Jennifer Oborny

Group Communications Manager

Email: Jennifer.Oborny@normagroup.com 

Phone: +49 (0)6181 – 6102 7604

 

Kim Bösken

Junior Group Communications Manager

Email: Kim.Boesken@normagroup.com  

Phone: +49 (0)1522 482 94 18

 

About NORMA Group
NORMA Group is an international market leader in engineered and standardized joining and fluid-handling technology. With around 8,100 employees, NORMA Group supplies customers in over 100 countries with more than 40,000 product solutions. NORMA Group supports its customers and business partners in responding to global challenges such as climate change and the increasing scarcity of resources. NORMA Group’s products help reduce emissions harmful to the climate and use water more efficiently. Its innovative joining solutions are used in water supply, irrigation and drainage systems, vehicles with conventional and alternative drive systems, ships and aircraft, as well as buildings. NORMA Group generated sales of around EUR 1.2 billion in 2023. The company has a global network of 25 production sites and numerous sales offices in Europe, North, Central and South America and the Asia-Pacific region. Its headquarters are located in Maintal near Frankfurt/Main. NORMA Group SE is listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and is a member of the SDAX.

 



18.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: NORMA Group SE
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 6181 6102 741
Fax: +49 6181 6102 7641
E-mail: ir@normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1947905

 
End of News EQS News Service

1947905  18.07.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1947905&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - NORMA Group SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.