Kongsberg Automotive

Kongsberg Automotive expands presence in Mexico with upgraded state-of-the-art manufacturing facility

Zurich, April 25, 2024: Kongsberg Automotive (KA) has officially opened its

plant in Ramos Arizpe, Mexico today, marking a considerable milestone for the

company. This upgraded facility represents a significant expansion and

relocation from KA's earlier location in the region since 2018, highlighting

KA's commitment to growth and innovation.

The upgraded plant spans over 15,500 square meters and is equipped with advanced

technologies to support the manufacture of Flow Control Systems (FCS) products

such as Raufoss Couplings®, high-performance hoses like Fluoro-Comp® as well as

powertrain, and battery electric vehicle (BEV) applications for commercial

vehicles.

"The KA Ramos Arizpe plant not only strengthens our global footprint, but also

supports our ambitious plan to continue to double the FCS business in North

America in the next three years by increasing our market share with Original

Equipment Manufacturers (OEMs) in the region," says Linda Nyquist Evenrud, KA's

President & CEO, "The plant is strategically located amidst major OEMs, making

us a key player in the mobility industry in this region."

"We are proud to officially open our plant in Ramos Arizpe, an area renowned for

its progressive manufacturing industry," said Eduardo Pamies, Executive Vice

President of FCS, adding, "Our expanded plant has generated new job

opportunities within various areas, which we are confident will enrich the local

community, and is aligned with KA's growth strategy."

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at:?kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

AI Terminal