TMD Friction has been forced to file its German operating and holding companies for insolvency, due to, it said, "the sharp deterioration of conditions in the global automotive industry."



Derek Whitworth, CEO of TMD Friction, said: “I am deeply saddened that we have not been able to reach an agreement with our lenders and shareholders to avoid this action. Although the operative business of TMD Friction is healthy, the rapid slowdown in the automotive industry has led to a very high level of pressure on our cash flow. Read More..

Manbat has introduced a new stock pack initiative to help UAN members make the most of the lucrative, but elusive, non-automotive battery markets.



Each ‘stock pack’ contains a range of specialist products that Manbat, with its market knowledge, consider necessary to establish a foothold in one of the targeted sectors. In specialising in sectors beyond automotive, the company says members will go on to gain a reputation for battery expertise generally, and generate new non-automotive business as a result. Read More..