Soft magnetic materials (SMMs) serve in electrical applications and sustainable energy supply, allowing magnetic flux variation in response to changes in applied magnetic field, at low energy loss1.

The onset of the coronavirus pandemic has laid increased emphasis on the use of personal protective equipment (PPE) for both healthcare professionals and individuals. This has led to an unprecedented demand for surgical masks, especially in healthcare facilities. Companies in the surgical masks market are taking advantage of this opportunity to increase their output capacities. In a densely populated country such as India, manufacturers have drawn increased sales with disposable surgical masks that help clinicians to be heard clearly by patients and their caretakers.

Beijing Hella BHAP Automotive Lighting, a joint venture between HELLA and BHAP, a subsidiary of the BAIC Group, has opened a new lighting plant in Changzhou in the Chinese province of Jiangsu. The production facility is now the third plant of the joint venture, which was established in 2014. Both partners also maintain another joint venture for electronic products with a manufacturing site in Zhenjiang. The investment volume of the new site in Changzhou is in the low double-digit million euro range.

 Strong organic sales outperformance of +960bps
- Resilient performance with operating margin of 3.7% of sales & net cash flow of €102m
- Confirmed full-year 2022 guidance
- Integration of HELLA on track

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