Brembo S.p.A. Business Report FY ended Dec. 2012
|(in million EUR)|
|FY ended Dec. 31, 2012||FY ended Dec. 31, 2011||Rate of change
|Passenger Car Applications|
|Commercial Vehicle Applications|
1) Passenger Car Applications
-In 2012, the global light vehicles market showed an increase in sales of 5.2% compared to 2011. The increase in sales was due to growth in the United States, Japan, and emerging markets, while being partially offset by declines in most of Europe. Because of this, the Company reported an increase in sales for car applications in 2012 to EUR 939.5 million. This was an increase of 16.2% compared to 2011.
2) Commercial Vehicle Applications
-The Company's net sales of applications for commercial vehicles in 2012 decreased 5.1% from 2011 to EUR 184.5 million. This occurred due to an overall decline of 12% of the European commercial vehicle market compared to 2011.
Acquisitions-In August 2012, the Company acquired Simest's 32.26 percent share in Brembo China Brake Systems Co. Ltd. for EUR 4.1 million. Because of this transaction, Brembo China Brake Systems Co. Ltd. is now a wholly-owned subsidiary of the Company. Brembo China Brake Systems' Co. Ltd. activities focus on the promotion and development of the Chinese market.
Contract-The Company announced that it will produce calipers for the 2013 "Cadillac XTS" and "ATS" at its manufacturing facility in Homer, Michigan, US, which was recently expanded. The Homer plant has also expanded the range of discs it produces to include the two-piece rotors for the "Cadillac CTS-V" Series. (From a press release on January 11, 2012)
Business Partnership-Mazda Motor Corporation, in collaboration with the Company, is developing brake systems for various Mazda models. Though the automaker had decided to not work with the Company in the past, Mazda chose to partner with the Company in a bid to impress customers of its vehicles' excellent performance. The new brake systems will be installed on the "Roadster", "Demio" and the new "CX-5".
Awards-In May 2012, the Company was awarded as the Best Iveco Quality Performer and Proactive Supplier in the Technical Proposal category for a brake disc designed specifically for Iveco Eurocargo industrial vehicles.
-In March 2012, the Company received the Daimler Supplier Award.
R&D Structure-Approximately 10 percent of the Company's total employees are engineers and product specialists that work in research and development.
-The Company has research facilities in Italy, China and the United States.
R&D Expenditure-The Company reinvests 5% of its annual sales turnover in research and development.
Product Development<Dual-cast brake disc>
-Maserati's Granturismo Sport was showcased at the 2012 Geneva Motor Show, utilizing a braking system which uses the Company's dual-cast technology for the brake discs. The brake disc is made with a co-casting of the braking strip in cast iron and the bell in aluminum. This allows a weight reduction of 15 to 20 percent, a reduction of corrosion and a higher performance of the brake disc. (From a press release on March 7, 2012)
|(in million EUR)|
|FY ended Dec. 31, 2012||FY ended Dec. 31, 2011||FY ended Dec. 31, 2010|
-Of the total capital expenditure spent by the Company in 2012, EUR 121.4 million was spent in property, plant and equipment assets while EUR 19.2 million was used for intangible assets.
Investment Outside Italy<China>
-The Company announced that the opening of its new Nanjing manufacturing center in Jiangsu Province, China. With an investment of EUR 70 million, the new facility will serve the Company's European customers' plants that produce cars and commercial vehicles in Asia. The center integrates a foundry and 41 production lines between brake discs and braking systems, as well as a research and development center. All stages of the production value chain, from arrival of raw materials to shipment of finished products, have been integrated into the new site. The plants employ 850 people (approximately 1000 at full capacity) and will be able to produce about six million brake discs a year. (From a press release on April 25, 2012)
-The Company will continue to invest in its Dabrowa Gornicza facility until 2014 in order to increase the production capacity of brake discs for cars and commercial vehicles.
-In 2012, the Company continued its investments for the production facility in Ostrava-Hrabova. The Ostrava-Hrabova facility started operations in 2011, and is capable of casting, processing and assembling brake calipers and other aluminum components.
-In 2012, the Company invested in its associate companies in North America, Brembo North America and Brembo Mexico. The purpose of the investment was to increase the production capacity of the two facilities in the disc and brake caliper sectors.