Petri AG

Petri AG
IndustryAutomotiveindustry
Plastic production
FoundedTakata Shiga, Japan (1933 (1933))
Petri Aschaffenburg, Germany (1899 (1899))
FounderTakezo Takada
Richard Petri
Defunct2000 Edit this on Wikidata
FateAcquired by Takata Corporation (2000)
Acquired by Key Safety Systems (2017)
SuccessorJoyson Safety Systems (2018-)
HeadquartersTokyo, Japan
Aschaffenburg (Bavaria), Germany
Area served
Worldwide
Productssteering wheels
Interior trims
Airbagsystems
Seat belts
Electronics
Child Restraint Systems
Number of employees
35,000 World wide
11,000 in Europe
WebsiteJoyson Safety Systems Aschaffenburg GmbH

Petri AG was an automotive parts company based in Germany. It was acquired by the Japanese company Takata Corporation in 2000, forming the European subsidiary Takata-Petri. In 2018, operations became part of the new Joyson Safety Systems as Joyson Safety Systems Aschaffenburg GmbH, after the 2017 bankruptcy of Takata and subsequent purchase by Key Safety Systems.[1][2]

History

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Petri AG was founded in Aschaffenburg in 1899 by Richard Petri and started to produce steering wheels and interior trims. Richard Petri founded the first plant (Plant 01) in Aschaffenburg, which is now the European Headquarters of Takata-Petri. Later, Petri's firm expanded further and added other plants for the production of plastic parts, like the Plant 02 in Nilkheim, near Aschaffenburg and Plant 03 in Albertshausen, near Bad Kissingen. Steering wheel production is still located in Aschaffenburg. Other plastic components and interior trims are mostly produced in Albertshausen. Aside from these plants, Petri also founded some research and assembly plants later on. In 1981, Petri AG developed and produced the first airbag system in collaboration with Mercedes-Benz. In 2000, Japanese competitor Takata Corporation acquired Petri AG, forming the subsidiary Takata-Petri, renamed Takata AG in early 2012.[3]

Takata AG was a global leader in the production of steering wheels and plastic parts, not only in the automotive industry. After the 2017 Takata bankruptcy, the major assets were acquired by Key Safety Systems which was renamed in 2018 to Joyson Safety Systems.[4][5][6]

References

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  1. ^ "Joyson Tooling Europe, PRECISION PERFORMANCE, Portfolio of Joyson Tooling" (PDF). pp. 5–6. Retrieved 18 March 2020. 1899: Richard Petri establishes Aschaffenburger Celluloid-Werke, which later becomes Petri AG[...]2018:TAKATA AG becomes Joyson Safety Systems
  2. ^ "About us / Joyson Safety Systems Aschaffenburg GmbH". www.tooling.eu.joysonsafety.com. Retrieved 18 March 2020.
  3. ^ "History｜ABOUT TAKATA｜TAKATA". Takata Corporation. Archived from the original on 27 November 2010. Retrieved 18 March 2020. 2000: Acquires PETRI AG, a major German steering wheel manufacturer, and establishes TAKATA-PETRI AG.
  4. ^ Tajitsu, Naomi (April 11, 2018). "Key Safety Systems completes deal to acquire air-bag maker Takata". Reuters. Retrieved April 18, 2018.
  5. ^ Kageyama, Yuri (April 12, 2018). "Japanese air bag-maker Takata acquired by Key Safety Systems as president resigns". USAToday. Retrieved June 28, 2017.
  6. ^ Key Safety Systems, Inc. History, Funding Universe, 2006, retrieved April 19, 2018
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