KSPG bags repeat piston order from US OEM for over 170 million euros

KSPG AG, a member of Germany’s Rheinmetall Group, has been awarded a follow-up contract to supply petrol engine pistons for the 2-litre units of a well-known American OEM. KSPG has not revealed the carmaker's name. The deal is worth over 170 million euros (Rs 1,073 crore).

The components will be produced at Kolbenschmidt's Mexican facility in Celaya for shipment to the customer's North American and European plants starting from 2017. 

Benefiting from the current downsizing trend, four-cylinder, 2-litre engines are among this OEM's most successfully growing segments. The aluminium pistons ordered are from KSPG's Liteks lineup. Capable of high-duty operation, the engines, with their light weight and around 50 percent less friction, address the growing demands for a reduction in fuel consumption and emissions.