- In May 2024, Meneta Group has inaugurated a new manufacturing facility in Dalian, China, to boost production capabilities and expand its market presence. Outfitted with advanced fineblanking and stamping lines, this state-of-the-art facility enables Meneta to efficiently produce millions of backing plates and accessories, including brake shims, meeting the increasing market demands while reaffirming its dedication to quality and innovation
- In January 2023, Meneta Group has patented SmartStack, a new shim production method combining two rubber types for enhanced noise reduction. This innovation, with a unique four-layer structure, offers a broad damping range compared to traditional shims. Meneta, with in-house capabilities for both liquid and calendered rubber technology, can produce superior brake shims, positioning the company to excel in both OE and aftermarket applications worldwide. This results in a more durable product with reduced noise, oozing, drag, and off-brake noise, thus extending pad life and overall performance
- In May 2024, PHINIA INC.’s brand Delphi has unveiled cutting-edge EV brake pads with an advanced coating that ensures reliable braking performance from the first use. Designed for quiet operation and sustainability, these pads are ideal for high-end electric vehicles like the Kia EV9 and Mercedes-Benz EQ series. This development boosts Delphi's market position and customer satisfaction. The incorporation of multi-layered shims significantly reduces noise and vibration, meeting the high standards of performance and comfort demanded by electric vehicle drivers
- In February, Robert Bosch GmbH entered into an agreement to sell its Brake Components business, including Buderus Guss GmbH and Robert Bosch Lollar Guss GmbH, to AEQUITA SE & Co. KGaA. AEQUITA aims to transform the business into a leading brake disc manufacturer, focusing on decarbonization and low-emission products. This acquisition enhances AEQUITA's automotive division, now generating over EUR 2.5 billion in revenue. The transaction is expected to complete in the second quarter of 2024, pending regulatory approval
- In September 2024, Stanztechnik Schulte GmbH of Altenkirchen, Germany, received the certification for compliance with IATF 16949:2016 standards, focusing on the manufacture of stamped parts. The certificate, issued on September 6, 2021, remains valid until September 5, 2024, contingent upon the company maintaining its management system in line with Intertek's certification requirements.
