Automotive Supplier PMG acquires Chinese power metal specialist Yangzhou Leader Power Metallurgy
Effective January 4, 2022, the international automotive supplier Powder Metal Goldschmidt (PMG), headquartered in Füssen, Germany, has acquired the Chinese powder metal specialist Yangzhou Leader Powder Metallurgy Co., Ltd. (LEADER), headquartered in Jiangsu, China. The Chinese automotive supplier LEADER was founded in 1997, has around 250 employees today and specializes in the production of shock absorber components made of powder metal.
World design for ingenious shock absorbing
The twin tube damper of PMG was established in the 90s and nominated by the PMG-partner ZF for World Design (WD). Since then, the innovative system has been impressing worldwide with unbeatable advantages: Twin tube dampers require lower gas pressure levels; 6-8 bar are enough to ensure precision damping as well as low noise levels. They offer lower friction, greater ride comfort, variable curve configuration and shorter installation lengths than the monotube.
IDEPA 2021 Business Growth Award for PMG Asturias
According to IDEPA, the jury of the 2021 Awards for Business Impulse underlines the sustained increase in highly specialized employment of PMG Asturias, as well as the wide and diversified portfolio of products and solutions to respond to a demanding sector and the international leadership backed by an export level of 95%.
PMG Shanghai received “Excellent Supplier Award” from DPT
On July 15th, PMG Shanghai received the “Excellent Supplier Award” at DPT Supplier Day. The PMG Shanghai plant supplied synchronizer components to DPT for their DCT150, DCT200 and DCT300 transmissions.