Valeo aims for ‘virtuous circle’
Multinational automotive aftermarket supplier Valeo says it is looking to new advances in technology to drive revenues. CEO Jacques Aschenbroich explained: “By leveraging the growth opportunities in the automotive industry for electrification, autonomous and connected vehicles, as well as new mobility services driven by digital technology, Valeo is embarking on a virtuous circle of profitable growth.”
The company is also keen to move further into Asia, where it says 37% of OE sales will be generated by 2021, compared with 27% in 2016. Valeo has recently strengthened its position in Japan, in a deal which saw it take control of the country’s leading automotive lighting company, Ichikoh. “Valeo is strengthening its relationship with Japanese customers and continuing to expand in Asia – particularly in Japan and south-east Asia – which will account for nearly a third of group sales,” Aschenbroich added.
Share your remanufacturing stories with us
Do you have an innovation, research results or an other interesting topic you would like to share with the remanufacturing industry? The Rematec website and social media channels are a great platform to showcase your stories!
Please contact our Brand Marketing Manager.
Are you an Rematec exhibitor?
Make sure you add your latest press releases to your Company Profile in the Exhibitor Portal for free exposure.
Receive the best newsletter on remanufacturing - straight to your inbox!