We develop solutions that reduce emissions from commercial vehicles, helping our customers to meet increasingly stringent emissions regulations. Our products make engines more fuel-efficient, improve chassis aerodynamics and aid driver comfort. We are also developing solutions for zero-emissions vehicles, including fuel cell and battery thermal management.
Market trends and our response
Global vehicle manufacturers are under increasing pressure from new regulatory requirements such as China 6, Euro 7 and Phase 3 greenhouse gas emissions standards in the USA to continue to reduce emissions of their diesel and natural gas powered vehicles. At the same time, the global energy transition means Truck OEMs are investing heavily in new technologies to power zero-emissions vehicles, which are expected to scale in volumes from 2030 onwards.
We are well positioned for the future of zero-emission vehicles and our products drive emissions reductions in existing diesel technology. We are building our expertise in software, controls and zero-emissions technologies by recruiting new talent. We are also investing in our teams’ sustainability knowledge, which is key for future growth as many aspects of sustainability impact product design.
Our global team collaborates on product design, while maintaining excellent regional relationships with truck OEMs to ensure our customers have the best solutions to serve their needs all around the world.
Percent of 2023 sales
IMI growth target
Creating value in Transport
We’re at the heart of progress in making better vehicles as manufacturers commit to reducing emissions.
Our sector
We supply all of the top ten global heavy-duty truck OEMs
We support truck OEMs in all regions with engineering centres in Germany, the Czech Republic, USA, India and China
We manufacture in the Czech Republic, Mexico and China enabling short supply chains to our customers
2023 highlights
Benefitted from strong growth in China and India, winning business with new customers, and a strong pipeline expected to grow in 2024 and beyond
Relocated a manufacturing facility from the USA to Mexico to improve customer experience and reduce our cost base
Expanded into the Suzhou manufacturing facility, with additional lines built to accommodate new business in China, and manufacturing of product lines transferred from Europe to China to shorten supply chains and improve customer experience
Priorities for 2024 and beyond
We are flexible and responsive to changing market needs and sustainability pressures. Shifting to zero-emissions technology is a given, but different regions are moving at different speeds. The mix of technologies and fuel types includes zero-emission fuel cells and batteries, near-zero hydrogen engines, and cleaner diesel technology.
In the continued inflationary environment, we are actively managing our manufacturing footprint and supply chains to minimise and improve unnecessary cost increases for our customers and maintain and improve IMI’s margins.