Federal-Mogul Izmit Piston

Federal-Mogul Izmit Piston ve Pim Uretim Tesisleri A.S. is an automotive supplier that manufactures engine parts and is headquartered in the Izmit district of Kocaeli. According to the history on the company's website, it was founded in 1967 as Bivat Bidon, Varil ve Teneke Sanayi, later used the names Istanbul Mahle Piston and Istanbul Motor Piston ve Pim, went public in 1990 and took its current name in 1999. FMIZP shares trade on Borsa Istanbul.

Its field of activity is the manufacture and trade of engine parts such as pistons, cylinder liners, piston rings and pins. The company is one of the Turkish production links of the international Federal-Mogul organization in engine parts; its products are directed to automotive manufacturers in Turkey and abroad and to the spare parts channel.

For automotive suppliers, the main topics investors follow are vehicle production in Europe, the order plans of main customers, aluminum and steel prices, energy and labor costs, and currency movements. The pace of the shift from internal combustion engines to electric vehicles is also a long-term consideration for piston demand. The Lzzo.com page offers a price history chart for FMIZP and a comparison with similar automotive stocks.