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News Breaks
November 23, 2012
08:49 EDTALVAutoliv announces U.S. expansion plans
In addition to the recently announced new propellant factory in China, Autoliv announced it is adding a sixth processing facility at its Promontory, Utah location to meet growing demand for airbag gas generant. The new facility in Promontory will add 20% more capacity to Autolivís existing global gas generant production capabilities. Capital investment is expected to cost approximately $13M. The company also announced plans to expand its Tremonton, Utah facility to keep pace with market growth for initiators and micro gas generators used in its airbag and seatbelt products. The majority of floor space added in this $5M expansion is slated for new production lines which could supply up to 30% more capacity when the space is fully utilized. Current plans call for just two new lines to be completed in 2013 adding 10% more initiator capacity, the company said.
News For ALV From The Last 14 Days
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October 23, 2014
09:04 EDTALVOn The Fly: Pre-market Movers
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06:42 EDTALVAutoliv expects negative mix in China to continue in Q4
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06:41 EDTALVAutoliv sees FY14 organic sales growth of 5.5%
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06:40 EDTALVAutoliv sees Q4 revenue growth 2%, consensus $2.47B
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06:40 EDTALVAutoliv reports Q3 revenue $2.21B, consensus $2.26B
Quarterly organic sales grew by close to 5%. The adjusted operating margin was 8.5%. The lower than expected organic sales growth was primarily due to unfavorable vehicle mix in China, but also due to lower overall production in the Chinese market. Reports operating cash flow for a third quarter of $212M.
October 21, 2014
10:00 EDTALVOn The Fly: Analyst Initiation Summary
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06:25 EDTALVAutoliv initiated with a Neutral at Susquehanna
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