Rassini, S. A. B. de C. V. (Formerly Sanluis Corporation) Business Report FY ended Dec. 2013
|(in million MXN)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||Rate of change
|Sales by Division|
|Suspensions Division North America||5,174.6||5,203.9||(0.6)||-|
|Suspensions Division Brazil||3,017.7||2,565.4||17.6||2)|
|Brakes Division North America||2,183.5||1,635.5||33.5||3)|
1) Net Sales
-In 2013, the Company's sales were MXN 10,361.8 million, an increase of 10.3%. The increase in sales was due to major market penetration in all operating regions.
2) Suspensions Division Brazil
-The Company's Suspensions Division Brazil recorded sales of MXN 3,017.7 million in 2013, an increase of 17.6% over the previous year. Much of the increase was due to a normalization in sales volumes of commercial trucks following the run-off sales of truck inventories based on old emission control technology in 2012.
3) Brakes Division
-Sales in the Company's Brakes Division grew 33.5% to MXN 2,183.5 million in 2013. Two contributing factors to the increase in sales were new contracts that the Company started to supply during 2013, along with the increase in production of ten new platforms launched at the end of 2012 into the first half of 2013.
Recent Development-In Brazil, the Company has a 63% market share for leaf springs and a 19% market share for coil springs. The Company's Brakes Division has a 15% market share for brake components in North America.
Contracts-The Company announced that it supplies its two-piece rotor with a ductile iron hat and gray iron brake plates for the 2014 Chevrolet Corvette Stingray, which debuted in the summer of 2013. The combination of ductile and gray iron provides a weight savings of up to 18 percent. The Corvette Stingray Z51 Performance Package includes the Rassini dual-cast braking system. (From a press release on February 27, 2013)
-Major contracts in 2013
|Fiat-Chrysler||Pro-Master Van||Leaf springs, Coil springs, Brake rotors|
|Dodge Viper||Brake rotors|
|GM||GMC Sierra||Leaf springs, Coil springs, Brake rotors|
|Chevrolet Silverado||Leaf springs, Coil springs, Brake rotors|
|Chevrolet Suburban||Leaf springs, Coil springs, Brake rotors|
|Chevrolet Tahoe||Leaf springs, Coil springs, Brake rotors|
|GMC Yukon||Leaf springs, Coil springs, Brake rotors|
|Cadilllac Escalade||Leaf springs, Coil springs, Brake rotors|
|Chevrolet Corvette Stingray||Brake rotors|
|Chevrolet Onix||Coil spring platforms|
|Toyota||Etios||Coil spring platforms|
Awards-The Company announced that the Rassini Frenos facility in Puebla, Mexico, was selected as one of the "100 Best Managed Companies" by Ford's Cuautitlan Stamping and Assembly Plant. The facility has the capacity to produce more than 130,000 tons of gray and ductile iron and to machine 8.4 million rotors each year. Ford vehicle platforms supported by Rassini Frenos include the Ford Fiesta, Flex, Focus, Taurus, Explorer, Edge, Escape, and the Lincoln MKT. (From a press release on April 3, 2013)
-The Company announced that it received the 2012 General Motors (GM) "Supplier of the Year Award" for its Brakes Division. (From a press release on March 14, 2013)
-In 2013, the Company's Suspensions Division North America won a "Certificate of Achievement" from Fiat-Chrysler, while its Suspensions Division Brazil won Toyota's Mercosur "Best Performance Supplier Award".
R&D Structure-The Company has an engineering, research and development center in Plymouth, Michigan, USA. The Company also has technical centers in Piedras Negras, Coahuila, Mexico; San Martin Texmelucan, Puebla, Mexico; and Sao Paulo, Brazil.
|(in million MXN)|
|FY ended Dec. 31, 2013||FY ended Dec. 31, 2012||FY ended Dec. 31, 2011|
-In 2013, the Company was engaged in a number of projects to further its growth.
- Flint, Michigan, USA: Completed construction of a new facility to machine brake rotors with the capacity to produce 2.5 million rotors a year
- Resende, Brazil: Completed construction of a new logistics center and sequencing line
- San Martin Texmelucan, Puebla, Mexico: Initiated expansion of a foundry plant for brake products which is expected to increase foundry capacity by 40%; Also increased machining capacity by adding equipment and optimizing layouts
- Rio de Janeiro, Brazil: Completed first phase of an expansion of the leaf spring plant; Final stage of expansion is expected to be completed by the end of the first quarter of 2014