MTA Advanced Automotive Solutions’ main production centre in Codogno, Italy, closed for a week from February 24, ingesting fear among car brands that needed the supplier’s electronic components.
CODOGNO, Italy – One of the first European suppliers affected by the coronavirus pandemic has been MTA Advanced Automotive Solutions, a company in southeastern Milan that manufactures electronic components.
A week-long paint interruption at its main production site here, which began on February 24, threatened production at 3 Fiat Chrysler Automobiles meeting floors in Italy and the FCA joint venture van plant with PSA Group because MTA simply cannot deliver an essential product electronic parts.
The city had one of the first European coVID-19 epicentres, and the Italian government ordered the factories in Codogno and nine nearby cities to suspend non-essential activities to help it prevent the spread of the virus.
“In the first weeks of the COVID-19 pandemic, we were involved in the 2020 revenues being 30% [below] the 228 million euros we had planned for this year, but now we hope to halve this deficit,” he said. the result that this year’s revenue can be around 194 million euros.
In some cases, the company said, the pandemic had a positive effect on express markets: motorcycle sales in India rose to 10% in August compared to the same month in 2019, and consumers saw them as safer than three. wheels used as taxis or as a family. Transport demand for the latter fell by 75% over the same period.
The notice about the effect of COVID-19 was temporarily ignored, MTA said, but there are still doubts about its customers’ chain of origin.
MTA’s Codogno plant produces electrical parts such as fuse boxes and power distribution assemblies. Another plant in Rolo, Italy, specializes in electronic products, adding sets and boards.
The Codogno plant has 3 main workshops, for plastic molding, steel stamping and final assembly. While plastic molding also takes place in Slovakia, Brazil and Morocco, MTA has only one steel stamping plant in Codogno, which you may want to reposition run while consumers are involved in imaginable source interruptions.
FCA, PSA, Renault and BMW are among MTA’s main customers. The automotive industry accounts for about 60% of MTA’s revenue, and agribusiness accounts for 20%. Trucks and motorcycles account for 20% in equal parts. Electrical products account for 75% of sales. , while electronics cover the remaining 25%.
Falchetti stated that MTA saw higher voltage electrification in general as an opportunity for primary expansion and that the supplier investigated parts as inverters.
MTA is privately owned through the heirs of founder Antonio Falchetti (grandfather of the current CEO). The organization had 1,550 workers until the end of 2019.
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