Teksid S.p.A Business report FY 2007
|(in million euros)||FY2007||FY2006||
Teksid Aluminum S.r.l., a company operating in the aluminium business and now wholly owned by the Fiat Group, has been included in the Sector’s representation since September 2007.
Excluding the impact of these operations, the Company reported a modest drop in revenues (-3.4%) from 2006.
Cast Iron Business unit
-In 2007 revenues of the Cast Iron Business Unit decreased by 3.1% and volumes by 3.8% over 2006. The negative change is due to lower sales on the North American market (-34.3%) in part offset by higher sales in Brazil (+8.3%) and in Europe (+7.6%). The exchange rate impact was also unfavorable,
especially due to the performance of the US dollar.
It is worth noting that in the Cast Iron business, Teksid is also active in China through Hua Dong Teksid Automotive Foundry Co. Ltd, a jointly controlled company accounted for using the equity method. This company recorded a 25.8% increase in volumes from 2006.
In early March 2007, the Company’s interest in Meridian Technologies Inc., through which the Magnesium Business Unit operated, was sold to a consortium of investors headed by the Swiss holding company Estatia AG. These operations were consequently deconsolidated as of the date of disposal.
In June 2007, the Company announced that it sold a plant belonging to TK Aluminum, located in China, to Nemak, which is a subsidiary company of ALFA, S.A.B. de C.V. (ALFA), and produces high-tech aluminum auto parts.
|in million euros||2007||2006||2005||2004||2003|
New Product Development
Compacted Graphite Iron (CGI)
Compacted Graphite Iron (CGI) is a material that has been well known for many years. Recently, its importance for the design of components in the automotive field has considerably risen. That material peculiarity has to be seen in the shape of graphite which is spread out within the metallic matrix. If observed through optical microscope, graphite particles appear as randomly oriented. They are oblong shaped ,with round edges. The whole particles constitute a true three dimensional, homogeneous and interconnected graphitic net. That particular structure is responsible for CGI specific properties. The absence of spiky edges along the borders between graphite and matrix let down, if compared to conventional gray iron, the tendency to crack formation within the material. For this reason, the goal of a considerable increasing of static and dynamic mechanical properties is reached. Furthermore, unlike what happens with ductile iron, the presence of such a net maintain at a considerable level the thermal conductivity and the dumping index. Those characteristics bring out CGI as a material particularly adapt for the production of cylinder blocks and heads for internal combustion engines.
Medium-term R&D projects
-NDC systems integration in production cycle
-Material data base for Low Cycle Fatigue engine component design
-New concept for engine components
-Compacted Graphite Iron process/product development
History of Investment activities since 2000
|Jul. 2000||Company reduced its stake in Teksid For SpA of Rovigo, Italy by signing an agreement with the Infun SA Group of Barcelona, Spain, which gave the Spanish company a controlling interest in.|
|Apr. 2001||Opening of new manufacturing
operation at Sylacauga - Alabama U.S.A. This new operation
shall be run through the newly formed subsidiary Teksid Aluminum
Components Inc., and will be totally dedicated to the production
of aluminum cylinder heads and cylinder blocks for North American
The first plant has a covered manufacturing area of 220,000 Square feet and, utilizing the "lost foam" casting technology, will produce over 300,000 sets of heads and blocks /year for the Saturn Division of GM. The second plant of 70,000 square feet is under construction for the supply of V-6 cylinder blocks, produced in high-pressure die-casting. The annual production for these cylinder blocks is expected to reach a volume of more than 300,000 units.
At full capacity in 2004, more than 550 people are expected to be employed at this location.
|Apr. 2001||Company has inaugurated the Hua Dong Teksid Automotive Foundry. Located at Zhenjiang City in the Jiangsu Province (Eastern China), this new facility will be engaged in the production of iron engine blocks for cars and light commercial vehicles. The foundry have been laid out to secure an initial production capacity of one million blocks a year (an output of some 50,000 tons per annum) to fill orders from Eastern China's leading automakers.|
|2007||The Crescentino plant was reconfigured, completing a process initiated in 2004.|