Newman Technology Inc., a tier-one automotive supplier opened its European headquarter in Bad Homburg. The company is part of the Japanese Sankei Giken Kogyo enterprise and produces chimneys, doorframes and car fairings. Newman has around 25000 employees worldwide where half of them are located in the US. In 2016, the company reached a total turnover of 950 million USD. Up to this point the company operated in the US, Japan, India and Southeastern Asia. The plants are located in China, India, Indonesia and Taiwan. Newman Technology Inc. operates its sales promotion and supporting design services for the European car-manufacturing sector from its new European headquarter in Bad Homburg.