BEWi ASA (OB:BEWI) announced that the group is initiating a strategic review process for its automotive business. BEWI's automotive business is a specialist in the manufacturing of advanced insulation and soundproofing solutions for the automotive industry. The activities are currently reported under the group's Packaging & Components segment and includes BEWI's ownership interest in the listed Polish automotive company IZOBLOK Spólka Akcyjna (IZOBLOK S.A. (WSE:IZB)) (?IZOBLOK?), as well as the group's automotive activities in Sweden.

BEWI has appointed Stout (Stout Risius Ross, LLC) as financial advisor for the strategic review of its automotive business. The review is initiated with a target to further develop the automotive business, as well as to enable the allocation of capital to accelerate growth in insulation and other energy-efficient solutions. This aligns with previous communication about the company's main growth areas.