Magna, an international Tier 1 automotive supplier, had Sales of $39.4 bn in 2019 down 3.4% on the previous financial year. The Canadian company reports in US $.

Mitsui Chemicals plans to hike biopolyol capacity by almost four-times and open a second systems house in India. But the Indian market will have to recover first.

Canada based Woodbridge waiting for the nod from car OEMs to expand seat production in India.

Meenakshi Polymers is expanding geographically, with new factories in Nepal and Bangladesh, and also into new product areas such as mattresses and pillows. Automotive seating for buses, cars, two-wheelers and electric rickshaws remain the company's bread-and-butter. 

Detroit, Michigan – Automotive seating supplier Adient has sold its license to use the Recaro brand in seats to Raven Acquisition. Adient also sold its 31.% stake in its joint venture with Yanfeng, to its partner.

Preliminary sales numbers from Autoneum show that the company's revenue grew by 0.7% in 2019. The company supplies seating and interior components to the global automotive industry, which shrank by 5.7%.
 

Car sales in the Asean trading area in November were 213,000 units. This is a rise of 6% compared with the same month last year. 

Automotive seating giant Magna is projecting a 4.8% growth in seating sales to between $6.3-6.8bn by the end of 2022.