The Automotive Components business (including Hesto) generated revenue of R6.2bn with EBIT (earnings before interest and tax) of R308m, a strong recovery from the prior comparative period loss of ...

Selling the troubled Mutlu battery business in Türkiye and continuing stabilisation efforts at Hesto Harnesses are key in returning Metair to solid ground, says CEO Paul O’Flaherty. Announcing ...

Metair had acquired Mutlu in October 2013 for $270m and it was a very good manufacturer of batteries, but the high interest rates in Türkiye was creating debt in Mutlu with 80% of its costs in ...