Analysis Report by Component : Lighting (U.S. and European Markets)

2016/09/02

List of Lighting suppliers

Magneti Marelli
(Automotive Lighting)
HELLA Valeo Varroc Lighting Systems

Go to Lighting (Japanese Market)



I. Global operations of leading lighting suppliers

1) Global operating facilities by supplier

Magneti Marelli/Automotive Lighting (Italy)

  • In 1999, Magneti Marelli and Robert Bosch set up a 50-50 joint venture named Automotive Lighting. After the acquisition of Seima Group, a major manufacturer of rear lamps in Italy, Magneti Marelli turned the joint venture into a wholly owned subsidiary in 2003.
  • The major supplier produces its lighting products mainly in Western European countries, including Italy, Germany and France. However, it has shifted some of the production bases in Western Europe to Czech Republic, Turkey and other low-cost countries. It maintains strong ties with Western European OEMs, but is expanding business with GM as well. Recently, the supplier has launched production bases in China, Brazil and Russia, boosting investments in emerging countries.
  • In December 2015, its Automotive Lighting division and Changchun Fudi Equipment Technology Development Co. Ltd. (FUDI), a Chinese investment company active in the automotive components industry, have signed an agreement to establish a joint venture (JV) company aimed at the production and sale of automotive lighting systems. According to the agreement, Automotive Lighting Reutlingen GmbH will own 60% of the share capital of the new company, Changchun Magneti Marelli Automotive Lighting System Co., Ltd., while FUDI will hold the remaining 40%. The industrial facilities of the JV will be located in the Economic and Technological Development Zone of Changchun, Jilin Province and will be aimed at supplying carmakers in the North-East of China. The business scope of the JV will be to produce automotive lighting systems (headlamps and rear lamps) based on halogen, xenon and LED technologies. The plant will be set up within the first quarter of 2016, while the production is expected to start in the first quarter of 2017. Built over a land area of 48,000 square meters, the plant with a total surface of 23,300 square meters will employ a workforce of about 800 employees at his peak volume.
  • The company is integrating in Juarez production site in Mexico, a new assembly operation for LED modules. The LED operation will start with the involvement of 115 employees (165 by 2016), and grow to nearly 400 people by the end of 2017. In NAFTA, the LED technology penetration for front lighting is expected to grow from approximately 20% in 2016 to approximately 50% in 2020.

HELLA (Germany)

  • HELLA is a leading German supplier of automotive lighting products.
  • The supplier has extended production bases globally ahead of its rivals. It has manufacturing plants in the Americas and the Asia Pacific region as well as in Europe. It also set up a joint venture named Hella Behr Plastic Omnium (HBPO) with Behr and Plastic Omnium to assemble front-end modules.
  • In April 2016, the company is planning to open a new development center for automotive lighting technology in the Stuttgart region, Germany. The new location will focus specifically on developing LED products and components for customers in southern Germany. During the initial expansion phase, the new development center - opening in the fall of 2016 - will employ about 25 people. Perspectively staff numbers are set to increase to more than 100.

Valeo (France)

  • Valeo is a France-based major manufacturer of automotive components. Sales of lighting products make up approximately 20% of its overall sales.
  • The supplier operates its lighting business mainly in Europe. In Japan and South-East Asia, it has a tie-up with Ichikoh Industries, a Japan's major lamp supplier, in which Valeo has the largest stake of around 30%.

Varroc Lighting Systems (India)

  • In 2012, Varroc Engineering, based in Pune, India, acquired the US-based Visteon Corporation's global lighting business, creating a new company called Varroc Lighting Systems.
  • Varroc Lighting Systems has manufacturing operations in India, Mexico, Czech Republic and China for supply to GM, Ford, Opel, Land Rover and other OEMs.
  • The company has engineered a new lighting system called adaptive driving beam (ADB). The new technology automatically switches from high and low beams while driving at night. Varroc's new ADB head lamps will be featured on European models in 2017. Toyota and other carmakers have asked the U.S. National Highway Traffic Safety Administration (NHTSA) to modify its safety standards to allow ADB headlights, which are already in use in Europe and Japan.

Production facilities / R&D facilities

Magneti Marelli
(Automotive Lighting)
(Italy)
HELLA KGaA Hueck & Co.
(Germany)
Valeo S.A.
(France)
Varroc Lighting Systems
(USA)
Asia Pacific
China Production
R&D
Production
R&D
Production
R&D
Production
R&D
India Production Production Production Production
R&D
Malaysia Production
Korea Production
Americas
U.S.A Production
R&D
R&D Production R&D
Mexico Production Production Production Production
R&D
Brazil Production Production
Argentina Production
Europe
Germany Production Production
R&D
Production
R&D
R&D
Spain Production Production
France Production Production
R&D
R&D
Italy Production
R&D
Production
Belgium Production
Poland Production Production
Czech Republic Production Production Production
R&D
Turkey Production Production
Slovakia Production
Romania Production
Finland Production
UK R&D

Note: Facilities for lighting products only

2) Matrix of major collaborations and joint ventures among suppliers





II. List of leading lighting suppliers and their customers

Magneti Marelli
(Automotive Lighting)
(Italy)
HELLA KGaA Hueck & Co.
(Germany)
Valeo S.A.
(France)
Varroc Lighting System
(USA)
Koito/North American Lighting
(Japan)
Flex-N-Gate
(USA)
SL Corporation
(Korea)
Alfa Romeo *
Audi * * *
Bentley *
BMW * * *
Chrysler * *
Citroen * * *
Daimler * * *
Ferrari *
Fiat *
Ford * * * * *
GM * * * *
Jaguar * *
Land Rover * *
Maserati *
Opel/Vauxhall * *
Peugeot * * * *
Porsche * *
Renault * * * *
SEAT *
Skoda * *
Volkswagen * * * *


III. Product installations by carmaker, model, supplier and product

Region OEM Model Head lamp Rear lamp
Americas BMW X5 (USA) Magneti Marelli (LED, Xenon, Halogen)
Americas Chrysler Dodge Challenger (Canada) Varroc Lighting
Americas Chrysler Dodge Dart (USA) Magneti Marelli (LED)
Americas Chrysler Jeep Cherokee Magneti Marelli (LED, Xenon, Halogen)
Americas Chrysler Jeep Grand Cherokee CRD Magneti Marelli (LED)
Americas Chrysler Pacifica (Canada) Magneti Marelli (Xenon, Halogen) Magneti Marelli (LED)
Americas Chrysler Town & Country (Canada) Magneti Marelli (Xenon) Magneti Marelli (LED)
Americas Daimler Mercedes-Benz GLE 500 e (USA) Varroc Lighting
Americas Daimler Mercedes-Benz GLE Coupe (USA) Magneti Marelli (Halogen)
Americas Ford Edge (Canada) Valeo (BiLED, Xenon, Halogen) Magneti Marelli (LED)
Americas Ford Edge (USA) Valeo (Halogen, Xenon) Magneti Marelli (LED)
Americas Ford Escape (USA) Flex-N-Gate Flex-N-Gate
Americas Ford Fiesta Magneti Marelli
Americas Ford Flex Magneti Marelli
Americas Ford Focus Varroc Lighting (Xenon) Varroc Lighting
Americas Ford Fusion Magneti Marelli
Americas Ford Lincoln MKC (USA) North American Lighting (HID, LED) North American Lighting (LED)
Americas Ford Lincoln MKS Magneti Marelli, Valeo (LED)
Americas Ford Lincoln MKX (Canada) North American Lighting (HID, LED)
Americas Ford Lincoln MKZ Valeo (LED) Magneti Marelli (LED)
Americas Ford Mondeo (USA) Magneti Marelli (LED)
Americas Ford Mustang (USA) North American Lighting
Americas Ford S-MAX MPV (USA) Magneti Marelli (LED)
Americas Ford Taurus Magneti Marelli
Americas GM Cadillac ATS (USA) North American Lighting (LED)
Americas GM Cadillac ATS Coupe (USA) North American Lighting
Americas GM Cadillac CTS (USA) Valeo
Americas GM Cadillac Escalade (USA) Valeo (LED)
Americas GM Chevrolet Camaro (Canada) Magneti Marelli (Xenon, Halogen) Magneti Marelli (LED)
Americas GM Chevrolet Camaro (USA) Magneti Marelli (Xenon) Magneti Marelli (LED)
Americas GM Chevrolet Corvette (USA) Valeo (LED, Xenon) Valeo (LED)
Americas GM Chevrolet Impala (North America) SL Corporation
Americas GM Chevrolet Malibu (USA) SL Corporation
Americas GM Chevrolet Silverado (Mexico) Valeo
Americas GM Chevrolet Suburban (USA) North American Lighting (LED)
Americas GM Chevrolet Tahoe (USA) North American Lighting (LED)
Americas GM Chevrolet Volt (USA) Magneti Marelli (LED, Halogen) Magneti Marelli (LED)
Americas GM GMC Yukon XL (USA) North American Lighting (LED)
Americas Honda Acura ILX (USA) North American Lighting North American Lighting (LED)
Americas Honda Acura MDX Koito Manufacturing (LED) Koito Manufacturing (LED)
Americas Honda Civic (USA) Koito Manufacturing (LED)
Americas Hyundai Santa Fe (USA) HELLA (Xenon)
Americas Nissan Altima (USA) North American Lighting (HID)
Americas Nissan Murano (USA) North American Lighting (LED)
Americas Nissan Pathfinder (USA) North American Lighting
Americas Nissan Rogue (USA) North American Lighting (LED) North American Lighting
Americas Nissan Versa Note (USA) Valeo
Americas Tesla Model S Varroc Lighting System Varroc Lighting System (LED)
Americas Toyota Corolla North American Lighting (LED) North American Lighting
Americas Toyota Highlander (USA) North American Lighting North American Lighting
Americas Toyota Lexus RX (Canada) North American Lighting (LED) North American Lighting (LED)
Americas Toyota RAV4 (USA) Valleo
Americas Toyota Tundra (USA) North American Lighting North American Lighting
Americas Volkswagen Jetta Hybrid (Mexico) Varroc Lighting System
Europe Alfa Romeo 4C Magneti Marelli (LED)
Europe Alfa Romeo 4C Spider (Italy) Magneti Marelli (Xenon) Magneti Marelli (LED)
Europe Alfa Romeo Giulia (Italy) Magneti Marelli (Halogen) Magneti Marelli (LED)
Europe Alfa Romeo Giulia Quadrifoglio (Italy) Magneti Marelli Magneti Marelli
Europe Alfa Romeo Giulietta Quadrifoglio Verde Magneti Marelli Magneti Marelli
Europe Audi A4 (Germany) Magneti Marelli (Xenon, LED) HELLA (LED)
Europe Audi A4 Avant (Germany) Magneti Marelli (LED)
Europe Audi A6 (Germany) HELLA Valeo (Laser/LED)
Europe Audi A7 (Germany) HELLA
Europe Audi A8 (Germany) HELLA (Xenon, LED) HELLA
Europe Audi Q7 (Germany) Magneti Marelli (LED)
Europe Audi R8 (Germany) Magneti Marelli (LED) Magneti Marelli (LED)
Europe Audi R8 LMX (Germany) Magneti Marelli (Laser/LED)
Europe Audi RS3 (Germany) Magneti Marelli (LED)
Europe Audi RS4 Avant Nogaro Selection Magneti Marelli (Xenon, LED)
Europe Audi S3 Sportback Magneti Marelli (LED)
Europe Audi TT Magneti Marelli (Xenon, LED) Magneti Marelli
Europe Audi TT Roadster (Germany) Magneti Marelli
Europe Audi TT3 (Hungary) Magneti Marelli (LED)
Europe Bentley Continental GT (UK) Varroc Lighting System
Europe Bentley Flying Spur (UK) Varroc Lighting System (LED)
Europe BMW 2 Series Magneti Marelli (Halogen, LED)
Europe BMW 2 Series Active Tourer (Germany) Magneti Marelli (Halogen, Xenon) Magneti Marelli (LED)
Europe BMW 3 Series (Germany) HELLA (LED) HELLA (LED)
Europe BMW 4 Series Magneti Marelli (Halogen, Xenon)
Europe BMW 5 Series HELLA
Europe BMW 6 Series Magneti Marelli
Europe BMW 6 Series coupe Valeo (LED)
Europe BMW 7 Series (Germany) Magneti Marelli (LED)
Europe BMW i3 (Germany) Valeo (BiLED)
Europe BMW i8 (Germany) Valeo (BiLED)
Europe BMW MINI 5 DOOR (UK) Valeo
Europe BMW MINI Roadster (Europe) Magneti Marelli (XenonAFS-HID)
Europe BMW X5 Magneti Marelli (Halogen, Xenon, LED) HELLA
Europe BMW Z4 Magneti Marelli (LED)
Europe Chrysler Jeep Renegade (Italy) Magneti Marelli (Xenon) Magneti Marelli
Europe Citroen C4 Picasso Magneti Marelli HELLA
Europe Citroen DS3 (France) Varroc Lighting (LED)
Europe Citroen DS5 (France) Varroc Lighting System
Europe Citroen Grand C4 Picasso Magneti Marelli (Halogen, Xenon) Magneti Marelli (LED)
Europe Daimler Mercedes-Benz AMG GT (Germany) Magneti Marell
Europe Daimler Mercedes-Benz B-Class (Germany) Magneti Marelli (Halogen, Xenon)
Europe Daimler Mercedes-Benz C 63 AMG (Germany) Magneti Marelli
Europe Daimler Mercedes-Benz C-Class (Germany) Magneti Marelli (Halogen, LED)
Europe Daimler Mercedes-Benz C-Class Cabriolet (Germany) Magneti Marelli (Halogen, LED)
Europe Daimler Mercedes-Benz CLA-Class Shooting Brake Magneti Marelli (Halogen, Xenon) Magneti Marelli (LED)
Europe Daimler Mercedes-Benz E-Class (Germany) Magneti Marelli (LED)
Europe Daimler Mercedes-Benz G-Class (Austria) HELLA
Europe Daimler Mercedes-Benz GLA-Class Magneti Marelli (Halogen, Xenon) Magneti Marelli (LED)
Europe Daimler Mercedes-Benz S500 Plug-in Hybrid (Germany) Magneti Marelli
Europe Daimler Mercedes-Benz S-Class HELLA (LED), Magneti Marelli (LED)
Europe Daimler Mercedes-Benz S-Class Coupe Magneti Marelli (LED)
Europe Daimler Mercedes-Benz V-Class (Germany) HELLA (LED) HELLA
Europe Ferrari California T Magneti Marelli (LED)
Europe Ferrari GTC4Lusso (Italy) Magneti Marelli (LED)
Europe Ferrari LaFerrari Magneti Marelli (Xenon) Magneti Marelli (LED)
Europe Fiat 500S (Poland) Magneti Marelli Magneti Marelli
Europe Fiat 500X (Italy) Magneti Marelli
Europe Fiat Tipo (Turkey) Magneti Marelli Magneti Marelli
Europe Ford Mondeo (Spain) Valeo (LED) Magneti Marelli (LED)
Europe Honda Civic Type R (UK) Magneti Marelli Magneti Marelli (LED)
Europe Hyundai i20 (Turkey) Magneti Marelli (LED)
Europe Jaguar F-Type Valeo
Europe Jaguar F-PACE (UK) Varroc Lighting System
Europe Land Rover Discovery (UK) Varroc Lighting System
Europe Land Rover Freelander Varroc Lighting System (LED)
Europe Land Rover Range Rover Evoque (UK) Varroc Lighting System
Europe Land Rover Range Rover Sport Hybrid Magneti Marelli (Halogen, Xenon) Magneti Marelli (LED)
Europe Maserati Levante (Italy) Magneti Marelli
Europe Maserati Quattroporte Magneti Marelli (LED)
Europe Opel Adam (Germany) Varroc Lighting System Varroc Lighting System
Europe Opel Astra (Poland) Magneti Marelli
Europe Opel/Vauxhall Zafira Magneti Marelli (Xenon) Magneti Marelli
Europe Peugeot 308 Magneti Marelli (LED)
Europe Peugeot 208 (France) Varroc Lighting System
Europe Peugeot 308 GTi (France) Magneti Marelli Magneti Marelli (LED)
Europe Peugeot 508 (France) Valeo (LED) Koito Manufacturing
Europe Porsche Cayenne (Germany) Valeo (Laser/LED)
Europe Porsche Panamera S E-Hybrid HELLA Hebei Shuangqi Lamp
Europe Renault Clio IV Valeo (LED)
Europe Renault Clio RS Magneti Marelli (Xenon)
Europe Renault Espace (France) Valeo (LED) HELLA (LED)
Europe Renault Kangoo (France) Koito Manufacturing Koito Manufacturing
Europe Renault Megane (Spain) Magneti Marelli (LED)
Europe SEAT New Leon (Spain) Valeo (LED)
Europe Skoda Octavia Magneti Marelli
Europe Skoda Octavia Combi Varroc Lighting System
Europe Suzuki Splash (Hungary) Stanley Electric Hungary Stanley Electric Hungary
Europe Suzuki Swift (Hungary) Stanley Electric Hungary Stanley Electric Hungary
Europe Suzuki SX4 (Hungary) Koito Czech
Europe Toyota Avensis (UK) Koito Manufacturing
Europe Volkswagen Golf Magneti Marelli (LED)
Europe Volkswagen Golf 7 (Germany) Valeo (Xenon)
Europe Volkswagen Golf Sportsvan Magneti Marelli (LED)
Europe Volkswagen Jetta Hybrid Varroc Lighting System (LED)
Europe Volkswagen Passat (Germany) Valeo (LED) Magneti Marelli (LED)
Europe Volkswagen up! (Europe) HELLA
Europe Volkswagen XL1 (Germany) Varroc Lighting System (LED)

Sources: Company announcements, press releases, interview findings by MarkLines Co., Ltd.



IV. Comparison in sales among leading lighting suppliers

Sales of lighting

Percentage of lighting sales out of total sales
(million EUR) 2013 2014 2015 Division/Products Year-end
Sales % Sales % Sales %
Magneti Marelli (Automotive Lighting) 2,275 N/A 2,600 40.0 3,200 44.0 Lighting products Dec.
HELLA 1,846 37.3 2,180 40.8 2,427 41.6 Lighting products May
Valeo 2,958 25.4 3,515 27.6 4,073 28.0 Visibility Systems Dec.

Overall revenue at each company

(million EUR) 2013 2014 2015 Year-end
Magneti Marelli 5,988 6,500 7,262 Dec.
HELLA 4,999 5,343 5,835 May
Valeo 11,662 12,725 14,544 Dec.

Source: Publicity materials by each company, interview findings by MarkLines Co., Ltd.



Global operating facilities by supplier (Details)

M: Manufacturing facilities/ R: R&D facilities
Country Company name Location M/R Equity
ratio
JV partners & Ownership Ratios Products
Magneti Marelli (Automotive Lighting)
Asia Pacific
China Magneti Marelli Automotive Components Co., Ltd. Wuhu M 100 Head lamps, rear lamps
China Automotive Lighting Shanghai Office Shanghai R 100
China Magneti Marelli Automotive Lighting (Foshan) Co., Ltd. Foshan M 100 Rear lamps, head lamps
(production is scheduled to start in 2015.)
China Hubei Huazhong Magneti Marelli Automotive Lighting Co. Ltd. Xiaogan M 50 China South Industries Group Corporation (CSI) 50 Head lamps, rear lamps
India Magneti Marelli Motherson Auto System Ltd. Pune M 50 Samvardhana Motherson Group 50 Head lamps, rear lamps, other lamps
Malaysia Malaysian Automotive Lighting Sdn. Bhd. Penang MR 100 Head lamps, fog lamps, rear combination lamps, turn signal lamps
Americas
U.S.A. Automotive Lighting North America Farmington Hills R 100
Pulaski M 100 Head lamps, rear lamps
Mexico Tecnologia de Iluminación Automotriz S.A. de C.V. Juarez M 100 Head lamps, fog lamps, lamp components
Mexico Automotive Lighting Rear Lamps Mexico S. de R.L. de C.V. Tepotzotlan M 100 Rear lamps, high-mounted stop lamps, lamp components
Brazil Magneti Marelli Sistemas Automotivos Industria e Comercio Ltda. Contagem M 100 Head lamps, rear lamps, fog lamps
Europe
Germany Automotive Lighting Brotterode GmbH Brotterode M 100 Head lamps, fog lamps, plastic lens, reflectors
Germany Automotive Lighting Reutlingen GmbH Reutlingen MR 100 Reflectors, lamp components
Spain Magneti Marelli Espana, S.A.U. Barcelona MR 100 Rear lamps, trunk room lamps, reflectors, interior lamps
France Automotive Lighting Rear Lamps France S.A.S Paris R 100
St. Julien M 100 Rear lamps
Italy Automotive Lighting Rear Lamps Italia Tolmezzo MR 100 Rear lamps, brake lamps
Italy Automotive Lighting Italia S.p.A Venaria MR 100 Reflectors, lamp components
Poland Automotive Lighting Polska Sosnowiec M 100 Head lamps, rear lamps
Russia Automotive Lighting o.o.o Ryazan M 100 Head lamps, fog lamps, rear lamps
Czech Republic Automotive Lighting s.r.o Jihlaza M 100 Lighting system (head lamps)
Turkey Mako Elektrik Sanayi Ticaret A.S. Bursa MR 95 Head lamps, rear lamps, fog lamps, high-mounted stop lamps, starters, alternators, wiper motor, air conditioning system
Hella KGaA Hueck & Co.
Asia Pacific
China HELLA Shanghai Electronics Co., Ltd. Shanghai M 100
China Changchung HELLA Automotive Lighting Ltd. Changchun M 100
China Beifang HELLA Automotive Lighting Ltd. Hebei M 100
China Beijing SamLip Automotive Lighting Ltd. Beijing M 49 SL Corporation 51
China Changchun Hella Faway Automotive Lighting Co. Ltd. Changchun M 49 Changchun Faway Automobile Components Co., Ltd. 51
Korea HSL Electronics Corporation Daegu M 50 SL Corporation 50
India Hella India Lighting Ltd. Derabassi, Punjab M 81.9
Philippines Hella-Phil., Inc. Dasmarinas, Cavite M 90
Australia HELLA Australia Pty Ltd. Mentone M 100
New Zealand HELLA-New Zealand Limited Auckland M 100
Americas
Mexico HELLA Automotive Mexico S.A. de C.V. Elsalto, Jalisco M 100
Europe
Germany HBPO Beteiligungsgesellschaft GmbH Lippstadt M 33.3 Behr 33.3
Plastic Omnium 33.3
Finland HELLA Lighting Finland Oy Salo M 100
Austria HELLA Fahrzeugteile Austria GmbH Grosspetersdorf M 100
Slovakia HELLA Innenleuchten-Systeme Bratislava. s.r.o. Bratislava M 100
Slovakia HELLA Slovakia Signal-Lighting s.r.o. Banovce nad Bebravou M 100
Slovakia HELLA Slovakia Front-Lighting s.r.o. Kocovce M 100
Slovenia HELLA Saturnus Slovenija d.o.o. Ljubljana M 100
Spain Manufacturas y Accesorios Electricos S.A. Torrejon (Madrid) M 100
Czech Republic HELLA Autotechnik spol s.r.o. Mohelnice M 100
Czech Republic HELLA Autotechnik Nova s.r.o. Mohelnice M 100
Romania HELLA Romania s.r.l. Arad M 100
Germany Hella KGaA Hueck & Co., Lippstadt MR 100 Head lamps, other lamps, lamp components
Valeo S.A.
Asia Pacific
China Valeo Auto Lights (Shenyang) Co., Ltd. Shenyang M 85 Head lamps, rear combination lamps, turn signal lamps, cornering lamps,  hazard warning lamps
China Valeo Lighting Systems (FOSHAN) Foshan M 85 Head lamps, rear combination lamps
China Wuhu Valeo Automotive Lighting System Co. LTD Wuhu M 85
China Valeo Lighting Hubei Technical Center Co., Ltd. Wuhan R 85
Americas
U.S.A. Valeo Sylvania L. L. C. Seymour (IN) MR 100
Mexico Valeo Sylvania Illuminacion Queretaro M 100
Brazil Valeo Sistemas Automotivos Ltda. Sao Paulo M 100 Head lamps, rear combination lamps, turn signal lamps, high-mounted stop lamps
Europe
France Valeo Vision Ecouflant M 100
Blois M 100
Chatellerault MR 100
Mazamet M 100
Issoire MR 100
Reilly M 100
Saint Clement MRR 100
Bobigny R 100
France Valeo Systems D'essuyage La Verriere R 100
Germany Valeo Wischersysteme GmbH Kronach Neuses M 100 Rear lighting, wiper system
Germany Veleo GmbH Bietigheim-Bissingen MR 100
Italy Valeo Vision S.p.A. Pianezza M 100
Spain Valeo Iluminacion, S.A. Martos M 100 Head lamps, fog lamps, room lamps, Plastic injection moldings
Spain Valeo Sistemas Electricos, S.L. Madrid M 100
Belgium Valeo Eclairage Signalisation Meslin I'Eveque MR 100
Poland Valeo Lighting Systems Chrzanow M 100 Head lamps, fog lamps, rear lamps, stop lamps
Poland Valeo Autosystemy Sp. zo.o. Skawina M 100
Romania Valeo Lighting Injection/ Assembly Timisoara M 100
Africa
South Africa Valeo Systems South Africa (Pty) Ltd. Uitenhage M 51 Metair Investments Ltd. 49 Front-end modules
Varroc Lighting Systems
Asia Pacific
India Varroc Lighting Systems India Pvt. ltd. Pune MR 100 Head lamps, parking lamps, rear combination lamps, high-mounted stop lamps
China Varroc TYC Auto Lamps Co., Ltd. Changzhou MR 50 TYC Brothers Ltd. 50 Lamps
Chongqing M 50 TYC Brothers Ltd. 50 Lamps
Americas
U.S.A. Varroc Lighting Systems, Inc. Plymouth R 100
Mexico Varroc Lighting Systems S. de.R.L. de C.V. Monterry MR 100 Head lamps, parking lamps, rear combination lamps, high-mounted stop lamps
Europe
Germany Varroc Lighting Systems, GmbH Kerpen R 100
Czech Republic Varroc Lighting Systems, s.r.o. Novy Jicin M 100 Head lamps, parking lamps, rear combination lamps, high-mounted stop lamps
Rychvald M 100 Head lamps, parking lamps, rear combination lamps, high-mounted stop lamps
Ostrava R 100

Note: Under Equity Ratio the numbers in brackets show the percentage of indirect ownership through subsidiary companies and is included in the equity ratio.
In JV partners, subsidiary companies are shown in brackets.



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