Tadir-Gan, a company engaged in the production and marketing of mechanical assemblies made of magnesium for the automotive industry under the control of the DBSI-Brin Group (59.42%), reports that Ortal Magnesium Castings, which is wholly owned, has signed an exclusive $ 15 million framework agreement to supply Audi assemblies. From the Volkswagen Group. Under the agreement, Ortal will manufacture magnesium assemblies for Audi-made electric vehicles that are expected to go into series production during the first half of 2022.
Eran Tibon, CEO of Tadir Gan, said: “I am proud to add Audi to the list of car manufacturers that use Ortal products. Ortal products have been used by leading car manufacturers such as General Motors and Mann for many years and the addition of a manufacturer from the Volkswagen Group is an important step for us. This agreement is of particular importance due to the fact that it is intended for use in electric vehicles. “The transition from fuel-based vehicles to electric cars in which the sensitivity to the weight of the vehicle is high, increases the attractiveness of Ortal products because magnesium is a material with a low specific gravity and we believe that other electric vehicle manufacturers will choose to use magnesium components.”
Barak Dotan, Chairman of Tadir Gan, said: “I would like to thank the company’s dedicated staff and, first and foremost, the Company’s CEO, Eran Tibon, for adhering to a goal that has led to the recognition of Tadir-Gan capabilities by a giant corporation like Volkswagen. Faced with complex challenges, but was able to face them. We recently acquired control of the company and I am pleased to announce that the agreement to supply the assemblies for Volkswagen vehicles is an important link in the chain of recovery moves we are promoting in the company and we believe that additional agreements