Manufacturing Industry
Autoliv buying NSK division;Firm locking up position as top seat-belt maker.
Plastics News, March, 2000 by Miel, Rhoda
Sweden's Autoliv Inc. is buying a Japanese seat-belt manufacturer to strengthen its presence both in Asia and North America while also boosting itself to the world's top belt producer. Once it completes the purchase of ball-bearing maker NSK's seat-belt division, the Stockholm-based company will hold about 25 percent of the global market for seat belts, said Barry Murphy, director of investor relations.
The belts use a variety of plastics, with the polyester webbing as the largest single piece and polypropylene, acetal and ABS used in covers and functional parts. Autoliv announced the purchase plan Feb. 25. It will buy the business in three steps, beginning with NSK's North American operations by April 1. It plans to complete the purchase in 2003, Murphy said....
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