Rassini, S.A.B. de C.V. (Formerly Sanluis Corporation) Business Report FY ended Dec. 2014

Financial Overview

(in million MXN)
FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 Rate of change
Net Sales 11,900.3 10,361.8 14.8 1)
Operating Income 1,320.4 943.2 40.0 -
Sales by Division
Suspensions Division North America 6,148.3 5,174.6 18.8 -
Suspensions Division Brazil 2,395.4 3,017.7 (20.6) 2)
Brakes Division North America 3,370.4 2,183.5 54.4 3)

1) Net Sales
-FY ended Dec. 2014, sales increased by 14.8% year-on-year. Growth of the sales outpaced the growth of light vehicle production in North America as the Company increased its market penetration with new products and platforms in North America and Brazil.

2) Suspensions Division Brazil
-FY ended Dec. 2014, sales decreased by 20.6% year-on-year. The decrease in commercial vehicle production was 25%, including the heavy trucks and buses that are the main focus in Brazil.

3) Brakes Division
-FY ended Dec. 2014, sales increased by 54.4% year-on-year due to the launch of the second production facility in the Flint, Michigan, U.S., dedicated to manufacturing brake discs, as well as the launch of 2 new platforms for Ford and GM, and the ramp-up in production for other platforms launched during 2013.

Joint Ventures

-The Company announced that the Company's Brazilian subsidiary, Rassini-NHK Automotive Ltda. (RNA), has completed a USD 10 million project to expand its Rio de Janeiro facility and finished the construction of its new logistics and sequencing center in Resende, also in the state of Rio de Janeiro. The Resende facility optimizes the delivery of suspension components to MAN Latin America's assembly line, while the expansion of the existing Rio de Janeiro plant further enhances the Company's ability to supply suspension components for heavy trucks. With this investment, the Company's manufacturing capacity in Brazil will reach 1.5 million suspension assemblies annually, equivalent to 85,000 metric tons. (From a press release on February 20, 2014)


-Major contracts made in 2014 are as follows;

Company Model Parts supplied
Audi's new plant in Mexico Q5 Brake discs
Toyota's Brazil plant Etios Coil springs
GM's Brazil plant Chevrolet Onix Coil springs
Ford's Brazil plant EcoSport Coil springs
Ford's U.S. plant F-150 Leaf springs (with 15% weight saving)
Transit van Rear leaf springs, Front coil springs
Lincoln MKC Brake rotors
GM's U.S. plant GMC Sierra Brake rotors (with anticorrosive treatment)
Chevrolet Silverado Brake rotors (with anticorrosive treatment)
Chevrolet Suburban Coil springs, Brake rotors
Chevrolet Tahoe Coil springs, Brake rotors
GMC Yukon Coil springs, Brake rotors
Cadillac Escalade Coil springs, Brake rotors
Nissan's U.S. plant new Frontier Coil springs, Leaf springs


-In 2014, the Brakes Division North America was named a "GM Supplier of the Year". This is the second consecutive year the division has received the award. (From a press release on March 13, 2014)

-In 2014, the Suspensions Division North America won the Fiat-Chrysler's "Certificate of Achievement" recognizing the coil spring business.

-In 2014, the Suspensions Division Brazil won the GM's "Supplier Quality Excellence Award 2014".

R&D Structure

-The Company has an engineering, research and development center in Plymouth, Michigan, USA. The Company also has technical centers in following locations;

  • Piedras Negras, Coahuila, Mexico
  • San Martin Texmelucan, Puebla, Mexico
  • Sao Paulo, Brazil

Capital Expenditure

(in million MXN)
FY ended Dec. 31, 2014 FY ended Dec. 31, 2013 FY ended Dec. 31, 2012
Overall 395.9 689.4 281.0

-In 2014, the Company was engaged in a number of projects to further its growth.

  • Mt. Morris Township, Michigan, USA: Opened a new facility for machining automotive products for its customers. The Company is expecting to double its sales volume of brakes components by 2016 based on current back log, with production at the new facility directly contributing to that increase. (From a press release on April 23, 2014)
  • Flint, Michigan, USA: Started production of brake rotors with the capacity to produce 2.5 million rotors a year.
  • San Martin Texmelucan, Puebla, Mexico: Completed the expansion of brake foundry facilities at the end of 2014.