Recent Years

Acquired by Beijing Hainachuan Automotive Parts

-In 2011, AAC Capital Partners announced that, together with its co-shareholder Parcom Capital, it has agreed to sell Inalfa Roof Systems Group B.V. to Beijing Hainachuan Automotive Parts Co., Ltd. (BHAP). BHAP, an automotive parts manufacturer in China, offers a wide array of products such as automotive modular interior/exterior decoration, seat system, electronic module system, heat exchange system and chassis. (From a press release on April 27, 2011)

Contracts

-In November 2013, the Company's manufacturing facility in Slovakia started producing panoramic roof systems for the MINI Cooper. (From a press release on December 9, 2013)

-In 2010, the Company supplies its sunroofs to GM for the 2010 "Cadillac SRX". (From a press release on April 2, 2010)

R&D Structure

-The Company has approximately 380 employees working in research and development across five technology centers in the following locations:

• Venray, Netherlands 
• Auburn Hills, Michigan, USA
• Mado, Korea
• Shin-Yokohama, Japan
• Shanghai, China

R&D Facilities

-The Company held an opening ceremony for its new North American Technology Center in Auburn Hills, Michigan, USA. The Technical Center represented an investment of over USD 4 million. The North American Technology Center will have approximately 130 employees providing engineering services for all of the Company's North American customers including Ford, GM, Chrysler, BMW, and Nissan. (From a press release on October 2, 2013)

Investment Outside the Netherlands

-In August 2012, the Company announced that it concluded a EUR 100 million increase of its bank facilities. Of this amount, EUR 57.5 million will be used to fund the Company's expansion, which includes among others footprint expansions in Krakovany (Slovakia), Mado (Korea), Yantai, Shandong Province, Chongqing and Langfang, Hebei Province (China) next to substantial investments in newly awarded programs that have been added to the Company's order book recently. (From a press release on August 9, 2012)

<USA>
-In June 2013, the Governor of Georgia announced that the Company would open a new manufacturing plant in Cherokee County, Georgia, USA. The new plant required a USD 17.1 million investment and would employ approximately 300 workers. Operations at the new plant were scheduled to begin in January 2014. The plant would be the Company's fourth plant in the US. (From a press release on June 24, 2013)

<China>
-In 2013, the Company announced that it opened a new facility in Chongqing, China. At the time of the announcement, the Chongqing plant had one TVS (Tilt-vent-slide) assembly line, one BLTS (Bottom-loaded system) assembly line and one glass bonding line, with a total production capacity exceeding 300,000 units per year. By 2016, production capacity will grow to 400,000 units per year with new programs for CFMA and Volvo. (From a press release on April 23, 2013)

-In 2013, the Company announced that it opened a new facility in Langfang, Hebei Province, China. Shortly after the Company was acquired by BHAP in 2011, the Company was awarded a new program from Beijing Hyundai Motor Company. (From a press release on April 23, 2013)

<Slovakia>
-In December 2012, the Company opened the extension of its facility in Krakovany (Slovakia). An additional 4,800 square meters were added to the existing building, which was opened in May 2011. This extension will create an extra warehouse, production floor space and social and auxiliary rooms to accommodate future projects from Daimler, Renault and Audi. (From a press release on December 5, 2012)

-In May 2011, the Company held an opening ceremony at its new plant which manufactures automobile roof systems in Krakovany, Slovakia. The new production facility has an area of approximately 8,500 square meters. Production began in December 2010. (From a press release on May 11, 2011)

<Mexico>
-In November 2011, the Company announced that its subsidiary, Inalfa Roof Systems de Mexico, opened a new production facility in Guanajuato, Mexico. With approximately 70 employees, the new plant will produce sunroofs for the Ford "Fusion" and Lincoln "MKZ" models in the United States. The Company had intentions to open two more facilities in China during 2012. (From a press release on November 22, 2011)