Grupo Antolin-Irausa, S.A. Business Report FY2010

Business Highlights

Financial Overview

(in million euros)
  FY2010 FY2009 Rate of change(%) Factors
Sales 2,125.61 1,595.46 33.2 1)
EBITDA 183.88 114.35 60.8 2)

-In 2010, aggregate sales rose by 33% compared to the previous year, reaching 2,126 million euros.

-The company also posted an EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) of 184 million euros and an EBIT (Earnings before Interest and Taxes) of 85 million euros, the best results in its history.

-The biggest increases compared to 2009 were seen in the Door and Overhead Systems divisions, with rates of over 33%, while the Seat function experienced more modest growth at around 12% as a result of less wide-ranging geographical and customer diversification.

Recent Years

Joint Venture

-In November 2007, the Company signed a 50/50 joint venture agreement with Ningbo Huaxiang Electronic Co., Ltd, for development, manufacturing and sale of pillars and door panels in China. The joint venture called Ningbo Antolin Huaxiang Auto Parts Co., Ltd. is located in Ningbo in the Jiangbei province (East China) and will start production in January 2008. During the first three years it is expected to generate a turnover of 30 million euros by investing approximately 10 million euros.


-In November 2007, the Company has signed a purchasing agreement to acquire the 30% of the Korean DongWon Tech. shares . DongWon Tech. specializes in the manufacture of door panels and pillars for the automotive sector in Korea.

Business Partnership

-Kasai Kogyo Co., Ltd. and Grupo Antolin are going to establish mutual supply arrangements in ten countries and regions. The collaboration with a non-Japanese partner will enhance Kasai’s supply capability in the global market, as Nissan Motor Co., Ltd., its major customer, is increasing production in emerging countries. Under the agreement, Kasai will supply its products to the international market by making use of Grupo Antolin’s production facilities in China, India, Russia, South America and Africa.  (From an article in the Nikkan Jidosha Shimbun on May 26, 2011)


Year Award Maker Product / Facility
2010 Annual Excellent Quality Supplier Changan Ford Mazda Automobile Grupo Antolin office in Shanghai
2010 ‘Enhanced Supply Quality’ awards Toyota Kirloskar Motors Ltd. (TKML) Chennai and Ranjangaon plants(India)
2010 2010 WORLD EXCELLENCE AWARD FROM FORD Ford International Door Systems (Mexico) and Grupo Antolin-Dapsa (Spain)
2010 “Supplier-A” award (“A-Lieferant”) VOLKSWAGEN Grupo Antolin-Logistik Deutschland (GALD JIT plant (Just In Time) in WOLFSBURG-Germany)
2007 Silver Excellence Award for Delivery Ford Grupo Antolin-Logistik Deutschland (Cologne-Germany)
2007 Silver Excellence Award for Quality Ford Grupo Antolin-Dapsa (Spain)
2007 Mercosur Merit Award GM -
2007 Q1 Award Ford Grupo Antolin RYA
2007 Interior Commodity Supplier of the Year VW Grupo Antolin-South Africa
2007 First Prize in the Product Quality category [doors and overhead systems] VW Grupo Antolin-Navarra (Spain)
2007 Q1 Award Ford Grupo Antolin-South Africa (Port Elizabeth-South Africa)
2007 Q1 Award Ford Mexico
2006 Excellence in headliners development.
VW Group Grupo Antolin-Bohemia
2006 Q1 Award Ford Grupo Antolin-Kent (Solihull, UK).
2005 Q1 Award Ford Grupo Antolin-Aragusa (Spain)
2004 Toyota Cost Excellent Performance Award Toyota Trimtec (Brazil)
2004 Prize for Best Supplier VW Group Grupo Antolin
2004 Q1 Award Ford Grupo Antolin-Logistik Deutschland (GALD)
Grupo Antolin-Plasbur (Spain)


R&D Expenditure

(in million euros)
  FY2010 FY2009 FY2008
Expense in projects
45.66 47.43 64.17


Product Development

-In May 2004, the Research Department of Grupo Antolin-Ingenieria started a project to produce sub-micron Vapour Grown Carbon Fibres (s-VGCF), also known as carbon nanofibres, by implementing a floating-catalyst technique. Carbon nanofibres have excellent engineering properties such as high electrical and thermal conductivity, moderate thermal expansion co-efficiency, high mechanical and anticorrosive properties, high adsorptive and lubrication capacity. They also are capable of producing recyclable and paintable reinforced polymer parts. Possible applications are: used as a filler in conductive and dissipative plastics, used for improving the ability of automotive components being painted, used in cleanroom equipment, underhood components, microparts in medical and precision equipment. They also improve the paintability of automotive components. Carbon nanofibres can be utilised effectively in electrodes for lithium-ion batteries, in fuel cells, in green tires and non-corrosive concrete, and in addition they can be used as a catalyst support.

Technological Alliances

-In Feb. 2004, the Company and Motorola, Inc. announced that they have signed a global agreement to integrate Motorola's in-vehicle interior electronics into Grupo Antolin's systems portfolio. Motorola will mount its interior electronics into Grupo Antolin's systems portfolio; this will include Motorola's seat zone modules; door zone modules that control door lock and unlock, power window, and side-view mirrors; and overhead controls.

Investment Activities

Investments in Spain

-For the last 10 years, the Company has been studying and developing aluminum and magnesium alloys. In February 2006 the Company opened a new plant in Burgos of over 10,000 m2 dedicated to injection-molded magnesium parts. The Company currently produces numerous parts in these materials.

Investments Outside Spain

-Purchased a headliner plant in Leamington (UK) in 2007.
-Launched the Company’s activities in Poland (in association with Industrias Alegre) for plastic injection work in 2007.
-Planned a new seat system plant in Jarny (France) in 2007 to assemble the seats of the future Renault Master.
-Forecasted a new plant in Ostrava (Czech Republic) in 2007 to assemble overhead systems and door panels for Hyundai.
-Opened the Company’s first Technical & Commercial Office in St. Petersburg (Russia) in 2007.

<North America>
-Set up shop nearby DaimlerChrysler in Belvidere, Wisc. in 2005in accordance with the DaimlerChrysler's investment plan amounting to 419 million USD on the assembly plant.
-In April 2008, a new plant in Saltillo, Mexico has gone into operation.

-Launched two new JITs (Just in Time centres) in Nanjing and Shenyang in 2007.
-Started the creation of a new plant in Guangzhou in 2007 which will be coming on line
around the middle of 2008.
-Established a new technical and commercial center in the city of Seoul in 2007, which will strengthen the Company's relations with Korean manufacturers, particularly the Hyundai Group, from which it has won some important orders.
-In addition to the industrial plants in Pune and Delhi, the Company has established a new industrial facility in Chennai in 2007.
-Started preparation for the extension of its plant at Bursa in Turkey in 2007.

-Started the production of sun visors at Antolin Tanger (Morocco) in 2007 which complements the existing production line that makes seat covers.

New Plant
In 2010, Opening of new plants in China and Russia:
-China: Chengdu Antolin Huaxiang Auto Interior Trim Co. Ltd, specializing in the manufacture of overhead systems, in which Grupo Antolin vhas a shareholding of 47%.
-Rusia: Grupo Antolin-San Petersburgo, specializing in the manufacture of headliners and door panels.