NORMA Group SE / DE000A1H8BV3

NORMA Group provides lightweight tubes for electric vehicles

NORMA Group SE / Key word(s): Miscellaneous


18.07.2024 / 09:11 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Maintal, Germany, July 18, 2024 – NORMA Group has been awarded a major contract to equip a new platform for small to medium electric passenger cars with lightweight tubes for the battery thermal management system. The customer’s vehicle platform encompasses several car models and targets to enable efficient city mobility. The contract is worth more than EUR 30 million. Starting in December 2026, NORMA Group will deliver around 1.4 million tubes to the customer per year. CEO Guido Grandi: “Large-scale production and availability of small and medium electric vehicles will be a main driver for the transition towards a low-emission, more climate-friendly mobility. This contract proves that with our engineering expertise, our standardized quality management and our global manufacturing footprint we are the right partner for leading car manufacturers as they broaden and scale up their portfolio of battery-electric vehicles.” The tubes are made of thermoplastic elastomer, a light and flexible material. With its material and design quality, a TP Flex tube significantly reduces the pressure drop of the fluid that flows through it. The tube is therefore well suited for use in the thermal management systems of electric vehicles where it is particular challenging to keep the pressure in the cooling circuit evenly high. Carolin Wolfsdörfer, President Mobility & New Energy at NORMA Group: “Our joining technology can be used in all kinds of vehicles. With our engineering capacities, we are able to offer tailor-made solutions according to the customers’ requirements. Specifically in electric vehicles, car manufacturers focus on lightweight components as the total weight of a vehicle influences the amount of energy needed to move it. A lighter electric vehicle requires a less powerful drive or offers a higher range.” The tubes will be manufactured at NORMA Group’s plant in Subotica, Serbia. For the contract, the company will invest in new ergonomic assembly lines and in modernizing existing thermoforming equipment. A press photo in printable resolution can be downloaded via this link. Caption: NORMA Group's TP Flex tube is used in the battery thermal management system Additional information on the company is available at www.normagroup.com. More press photos are available from our platform on www.normagroup.com/images.   Media contact NORMA Group SE Lina Bosbach Director Group Communications Email: [e-mail] Phone: [phone]   Jennifer Oborny Group Communications Manager Email: [e-mail]  Phone: [phone]   Kim Bösken Junior Group Communications Manager Email: [e-mail]   Phone: [phone]   About NORMA Group
NORMA Group is an international market leader in engineered and standardized joining and fluid-handling technology. With around 8,100 employees, NORMA Group supplies customers in over 100 countries with more than 40,000 product solutions. NORMA Group supports its customers and business partners in responding to global challenges such as climate change and the increasing scarcity of resources. NORMA Group’s products help reduce emissions harmful to the climate and use water more efficiently. Its innovative joining solutions are used in water supply, irrigation and drainage systems, vehicles with conventional and alternative drive systems, ships and aircraft, as well as buildings. NORMA Group generated sales of around EUR 1.2 billion in 2023. The company has a global network of 25 production sites and numerous sales offices in Europe, North, Central and South America and the Asia-Pacific region. Its headquarters are located in Maintal near Frankfurt/Main. NORMA Group SE is listed on the Frankfurt Stock Exchange in the regulated market (Prime Standard) and is a member of the SDAX.  

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18.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	NORMA Group SE
	Edisonstr. 4
	63477 Maintal
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.normagroup.com
ISIN:	DE000A1H8BV3
WKN:	A1H8BV
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1947905

End of News	EQS News Service

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1947905  18.07.2024 CET/CEST