Year: 2023

INOAC USA Inc. completes purchase of ABC Technologies’ 50% equity interest in the former JV. The wholly owned entity adds four facilities and more than 1,200 employees.

TROY, Mich., February 20, 2023 (Newswire.com)
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INOAC USA Inc. has recently completed its purchase of ABC Technologies’ 50% equity interest in the former joint venture, ABC INOAC Exterior Systems, to create an independent and wholly owned entity renamed INOAC Exterior Systems (IES). Adding four facilities with more than 1,200 employees will better enable INOAC to independently drive its strategy in the North American automotive exterior parts market through IES.

President of INOAC USA, Inc., Rob DePotter, is excited about opportunities for IES in the automotive industry and beyond. “We will provide the same high-quality and consistent delivery performance, as well as increase our focus on customer satisfaction, innovation and strategic investments in the automotive exteriors market. The acquisition places INOAC in a strong position to leverage scale across our North American businesses and manufacturing footprint,” said DePotter. 

INOAC Exterior Systems will continue to be a key supplier for auto manufacturers in North America, with products tailored to customers’ engineering and production needs. Products are Class A, available in painted, primer-/paint-ready, molded-in-color (MIC) and textured. IES exterior automotive components deliver light weighting along with strength and the ability to accommodate the custom designs that automakers seek. 

About INOAC: 

INOAC is an international independent and diversified company. IUI, the North American portion of the company, operates multiple joint venture and wholly owned entities in the region.

INOAC is a leading global company in the field of polymer chemistry, specializing in polyurethanes, polyolefins, elastomers, plastics and composite materials. INOAC is known for its commitment to creating a “forest” of product diversity through a wide range of goods and materials in five business categories: 

• Automotive – Interiors, exteriors 
• High-Performance – Consumer, information technology equipment 
• Consumer – Home appliance NVH and thermal insulation, gasketing, filtering, sports and industrial PPE
• Medical – Wearables, Smart Patches, basic and advanced wound care, drug delivery
• Housing and Construction – Housing, construction, civil engineering, environment 
• Bedding and Furniture – Mattresses, nursing care furnishings, HUKLA furniture 
• IRC Tire – Specialist manufacturer 

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Contact Information:

Gautam Bose

VP, Business Development and Marketing

[email protected]

2482279737

Original Source:

INOAC USA Inc. (IUI) Acquires ABC Technologies’ Share of Former Joint Venture

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The average cost of used cars in Australia has been falling for seven consecutive months. While the price drop offers some relief to buyers, used vehicles remain more expensive than they were pre-COVID.

TWG Cars
TWG Cars

BRISBANE, Australia, February 17, 2023 (Newswire.com)
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According to TWG Cars, the leading used car dealers Brisbane wide, the pandemic caused supply of new cars to dwindle while the cost of living surged, resulting in skyrocketing demand for used vehicles and driving prices through the roof.

While used car prices have been falling for the past seven months, data from Moody’s Analytics shows prices around the country are still on average 55% higher than in January 2020. 

Some vehicles are cheaper now than seven months ago though, points out TWG Cars, with used Utes such as Hilux’s and Rangers seeing a significant price drop. 

TWG Cars explains that the primary driver of price declines has been the improvement of global supply chains, particularly the supply of semiconductor chips which has resulted in less demand for used cars. Additionally, the Moody’s report points to increasing pressures in the Aussie market such as inflation and interest rate hikes as well as a reduction in buying power.

As the premier car dealers Brisbane wide, TWG Cars prides itself on pricing cars low to begin with, enabling them to meet the market. Operating a high volume, low margin model, TWG Cars says customers can have confidence they are getting a great price. All second hand cars come with a 3-year mechanical protection plan, similar to a warranty, for peace of mind motoring. 

Proudly an Australian owned and operated business, TWG Cars is on a mission to enable Aussies to buy, sell and maintain used cars easily and on their own terms. With a team of experienced and friendly industry professionals, TWG Cars is here to help customers purchase the best second hand cars Brisbane wide, at the best prices.

Visit TWG Cars online to view the latest range of quality second hand cars available in Brisbane. 

Contact Information:

TWG Cars

Marketing Manager

07 3062 7227

Original Source:

Used Car Prices Have Been Falling for the Past 7 Months. Here’s Where to Get the Best Deal