GETRAG Business report FY ended Dec. 31, 2011-2013
Business Highlights
Recent Years
-In 2012, the Company announced that its German plants in Neuenstein and Rosenberg received major orders, which will lead to operating business until 2020. In Rosenberg, two models of a new manual transmission (6MTT220, 6MTT350) will be manufactured. Serial production is expected to start in September 2013 with an estimated volume of 300,000 units. In Neuenstein, a plan was developed to restructure the plant into a modern manufacturing site. The restructuring was scheduled to be completed by end of 2012. The plant's production portfolio will gradually be changed to DCT transmissions by 2017. (From a press release on November 27, 2012)
-On October 2012, the Company announced that it had produced one million 6DCT250 dual clutch transmissions since starting serial production in April 2010. The Company has orders from four major OEMs for this product and will also launch production of the 6DCT250 at its Chinese plant in Nanchang, Jiangxi Province in 2013. The transmission was developed and produced by the teams in Italy, Mexico, US and Germany. (From a press release on October 17, 2012)
-In 2012, the Company announced that Volvo has opted for the Company's six-speed 6DCT450 Powershift transmission for its "S60", "V60", "V70" and "S80" models with 1.6-litre diesel engines, available early 2012. Volvo's "S60" diesel with 114 g CO2/km (119 g CO2/km in the "V60", "V70" and "S80") now achieves the levels of the manual model equivalents with start-stop technology. This equates to NEDC average fuel economy figures of 4.3 and 4.5 litres/100 km respectively. (From a press release on February 1, 2012)
-In 2012, the Company announced that it has received an order for its dual clutch transmission 6DCT250 from China-based Qoros Automotive Co., Ltd. The 6DCT250 was developed for installation in the middle and small car segment and is presently used in Renault "Megane", Renault "Scenic" as well as Ford "Focus" and Ford "Fiesta" models. Production is planned to begin in 2013 in the Company's plant in Nanchang, Jiangxi province, China. (From a press release on January 11, 2012)
-In June 2013, the Company announced that Koepfer Zahnrad-und Getriebetechnik GmbH took over the Getrag timing gear production in Ludwigsburg, Germany. With this step, Getrag continues to focus on transmissions for passenger cars. (From a press release on June 10, 2013)
<Getrag Precision Gear>
-In 2011, the Company announced that Getrag Precision Gear, located in Charleston, South Carolina, US, will be spun off in a management buy-out. Getrag Precision Gear manufactures timing gears for heavy duty vehicles. (From a press release on November 24, 2011)
<Getrag Corporation, Getrag All Wheel Drive AB>
-In 2011, GKN plc announced its agreement to acquire the all-wheel-drive (AWD) components businesses of Getrag KG. The businesses being acquired, together referred to as "Getrag Driveline Products", are Getrag Corporation, a joint venture with Dana Corporation based in US, and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation based in Sweden. The core business of Getrag Driveline Products is the supply of Power Transfer Units (PTU) and Rear Drive Units (RDU) for AWD vehicles, along with Final Drive Units (FDU) for rear wheel drive vehicles. Getrag Driveline Products will be integrated into GKN Driveline. As part of the overall transaction, GKN is also acquiring an exclusive licence, principally for Europe and the Americas, to Getrag's electric drivetrain technology for use in electric and hybrid vehicles. The acquisition cost comprises a cash consideration of GBP 283 million. The transaction was closed in September 2011. (From a press release on July 28, 2011)
-In 2011, Dana Holding Corporation announced that it signed definitive agreements to sell its equity in two joint ventures, both with Getrag subsidiaries, to Getrag Corporate Group. The two joint ventures are Getrag Corporation of US and Getrag All Wheel Drive of Sweden. Getrag Corporation, in which Dana holds a 49 percent interest, produces rear axle units, power take-off units and timing gears. Getrag All Wheel Drive produces all-wheel drive systems and chassis components. Getrag Dana Holding GmbH owns 60 percent of Getrag All Wheel Drive, in a joint venture with Volvo. Dana will receive USD 136 million for the equity stakes in the two joint ventures. The transaction closed in September 2011. These transactions were part of a transaction between Getrag and GKN plc. Immediately following the sale of Dana interests in the joint ventures, Getrag sold these assets to GKN. (From a press release on July 28, 2011)
Contracts
-In Oct. 2013, the Company and joint venture partner Jiangling Motors Company Group announced the start of dual clutch transmission production in China together with customer Qoros. The 6DCT250 dual clutch transmission will be applied first in the upcoming Qoros 3. Getrag (Jiangxi) Transmission has invested CNY 527 million (about EUR 63 million) in the Nanchang plant, about CNY 2 billion (about EUR 238 million) will be added until 2022. By then the plant's annual capacity will have risen to 800,000 transmissions per year. In 2022, about 1,200 employees will work on the 133,340 square meter site. (From a press release on October 28, 2013)-In 2012, the Company announced that its German plants in Neuenstein and Rosenberg received major orders, which will lead to operating business until 2020. In Rosenberg, two models of a new manual transmission (6MTT220, 6MTT350) will be manufactured. Serial production is expected to start in September 2013 with an estimated volume of 300,000 units. In Neuenstein, a plan was developed to restructure the plant into a modern manufacturing site. The restructuring was scheduled to be completed by end of 2012. The plant's production portfolio will gradually be changed to DCT transmissions by 2017. (From a press release on November 27, 2012)
-On October 2012, the Company announced that it had produced one million 6DCT250 dual clutch transmissions since starting serial production in April 2010. The Company has orders from four major OEMs for this product and will also launch production of the 6DCT250 at its Chinese plant in Nanchang, Jiangxi Province in 2013. The transmission was developed and produced by the teams in Italy, Mexico, US and Germany. (From a press release on October 17, 2012)
-In 2012, the Company announced that Volvo has opted for the Company's six-speed 6DCT450 Powershift transmission for its "S60", "V60", "V70" and "S80" models with 1.6-litre diesel engines, available early 2012. Volvo's "S60" diesel with 114 g CO2/km (119 g CO2/km in the "V60", "V70" and "S80") now achieves the levels of the manual model equivalents with start-stop technology. This equates to NEDC average fuel economy figures of 4.3 and 4.5 litres/100 km respectively. (From a press release on February 1, 2012)
-In 2012, the Company announced that it has received an order for its dual clutch transmission 6DCT250 from China-based Qoros Automotive Co., Ltd. The 6DCT250 was developed for installation in the middle and small car segment and is presently used in Renault "Megane", Renault "Scenic" as well as Ford "Focus" and Ford "Fiesta" models. Production is planned to begin in 2013 in the Company's plant in Nanchang, Jiangxi province, China. (From a press release on January 11, 2012)
Restructuring
<Divesture of Timing Gear Business>-In June 2013, the Company announced that Koepfer Zahnrad-und Getriebetechnik GmbH took over the Getrag timing gear production in Ludwigsburg, Germany. With this step, Getrag continues to focus on transmissions for passenger cars. (From a press release on June 10, 2013)
<Getrag Precision Gear>
-In 2011, the Company announced that Getrag Precision Gear, located in Charleston, South Carolina, US, will be spun off in a management buy-out. Getrag Precision Gear manufactures timing gears for heavy duty vehicles. (From a press release on November 24, 2011)
<Getrag Corporation, Getrag All Wheel Drive AB>
-In 2011, GKN plc announced its agreement to acquire the all-wheel-drive (AWD) components businesses of Getrag KG. The businesses being acquired, together referred to as "Getrag Driveline Products", are Getrag Corporation, a joint venture with Dana Corporation based in US, and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation based in Sweden. The core business of Getrag Driveline Products is the supply of Power Transfer Units (PTU) and Rear Drive Units (RDU) for AWD vehicles, along with Final Drive Units (FDU) for rear wheel drive vehicles. Getrag Driveline Products will be integrated into GKN Driveline. As part of the overall transaction, GKN is also acquiring an exclusive licence, principally for Europe and the Americas, to Getrag's electric drivetrain technology for use in electric and hybrid vehicles. The acquisition cost comprises a cash consideration of GBP 283 million. The transaction was closed in September 2011. (From a press release on July 28, 2011)
-In 2011, Dana Holding Corporation announced that it signed definitive agreements to sell its equity in two joint ventures, both with Getrag subsidiaries, to Getrag Corporate Group. The two joint ventures are Getrag Corporation of US and Getrag All Wheel Drive of Sweden. Getrag Corporation, in which Dana holds a 49 percent interest, produces rear axle units, power take-off units and timing gears. Getrag All Wheel Drive produces all-wheel drive systems and chassis components. Getrag Dana Holding GmbH owns 60 percent of Getrag All Wheel Drive, in a joint venture with Volvo. Dana will receive USD 136 million for the equity stakes in the two joint ventures. The transaction closed in September 2011. These transactions were part of a transaction between Getrag and GKN plc. Immediately following the sale of Dana interests in the joint ventures, Getrag sold these assets to GKN. (From a press release on July 28, 2011)
Joint Venture
-In 2012, the Company and Dongfeng Motor Group signed an agreement to establish a joint venture in China. The new company, Dongfeng Getrag Transmission Co., Ltd., is held by both partners in equal interest and will develop and produce transmissions for Dongfeng's passenger cars and light commercial vehicles. The new production facility is expected to start production in late 2015. The first product of Dongfeng Getrag Transmission will be an all new six-speed dual clutch transmission, named 6DCT150, and will be provided by the joint venture for the Chinese market. (From a press release on October 22, 2012)R&D
Product Development
Seven-speed dual clutch transmission and hybrid transmission-In 2012, the Company developed two new transmissions, the seven-speed dual clutch transmission Getrag Powershift 7DCT300 and the Getrag Hybrid Drive 7HDT300 based off the 7DCT300. The 7DCT300 is designed for use in mid-sized and compact vehicles with front-transverse layouts and maximum torque of 300Nm. The transmission's low dry weight of approximately 65kg makes it compatible with future lightweight vehicle platforms. The gearshift actuation uses electromechanical shift-drum technology, making it possible to add start/stop functionality without hardware changes. The 7HDT300 is a hybrid version of the 7DCT300. The transmission offers scalable hybridization from mild hybrids to plug-in architectures capable of pure electric driving. (From a press release on September 25, 2012)
Investment Activities
Investment Outside Germany
<China>-In Oct. 2013, the Company and joint venture partner Dongfeng Motor Group Co., Ltd. have begun the construction of a new dual clutch transmission plant in China. Starting in 2016 the facility in Wuhan (Hubei Province) will produce modern 6DCT150 dual clutch transmissions for the Asian compact car market. By 2015 the 48,000 square meter construction area in Wuhan will consist of an office and a research & development centre in addition to the manufacturing facility itself. (From a press release on October 23, 2013)
-In autumn 2012, the Company entered into a partnership in Asia with the second largest Chinese automobile manufacturer, Dongfeng Motor Group Co. Ltd. Together, they launched a joint venture, Dongfeng GETRAG Transmission Co. Ltd. Production at the joint venture will commence towards the end of 2016.
-In 2011, the Company announced that it opened a new regional headquarters in Shanghai, China also representing Research & Development Center for Asian application development in October 2011. Local turnover in China is expected to reach about EUR 400 million in 2012 with a production volume of 900,000 transmissions. Sales are expected to grow to almost EUR 1 billion by 2015, commensurate with a production volume of 1.9 million units. (From a press release on November 24, 2011)
<India>
-The Company will enter the Indian market and produce small manual transmissions for Ford in its own factory. The location will be built in the federal state Gujarat in Sanand. (From a press release on May 8, 2012)