Shiloh Industries, Inc. Business Report up until FY ended Dec. 2014
|(in million USD)|
|FY ended Oct. 31, 2014||FY ended Oct. 31, 2013||Rate of
1) Net sales
-In the fiscal year ending October 31, 2014, net sales grew 25.5% from the previous fiscal year to USD 878.7 million. The increase in sales was attributed to an increase in the production volumes of the North American car and light truck manufacturers along with the sales from new program awards launched during the year. Other contributing factors includes sales from strategic acquisitions.
-In 2014, the Company announced its acquisition of Warren, Michigan, the U.S. based, Radar Industries for USD 57.9 million. The purchase leverages Radar Industries' tooling technologies, strong stamping capabilities, key customer relationships and expands Shiloh's existing manufacturing capacity to include Central Mexico and Michigan. The acquisition includes three metal stamping plants; two located in Warren, Michigan and the other in Celaya, Mexico. The deal includes a sales and technical center, also in Warren. Radar is comprised of approximately 325 workers in the U.S. and Mexico. Radar is known for its high-quality interior, chassis and powertrain components and a recognized leader in welding technologies. (From a press release on October 1, 2014)
-In 2014, the Company has signed a definitive agreement with FinnvedenBulten AB of Sweden to acquire 100 percent of the shares of Finnveden Metal Structures (FMS) for USD 72.6 million. Through this acquisition, Shiloh's capabilities are expanded with the addition of stamping and magnesium die casting, a key growth segment and technology to address the lightweighting needs of automakers. The acquisition of FMS positions Shiloh as a global supplier, with stamping and magnesium die casting facilities located in Poland, and stamping operations in Sweden. FMS represents nearly USD 180 million in annual sales revenue along with adding approximately 800 employees.
-In 2013, the Company announced that it acquired Contech Castings LLC, a US-based provider of high-pressure aluminum die cast parts for the automotive industry. The purchase adds significant capacity to the Company's existing high-pressure, high-vacuum casting capabilities with the addition of P2000 squeeze casting, ThinTech vacuum casting, and high-pressure conventional die casting. The Company also acquired Contech's four locations in Indiana, Michigan and Tennessee. (From a press release on August 5, 2013)
-In 2014, the Company announced that the Chevrolet Silverado features the Company's curvilinear laser welding on its door inners. Shiloh also supplies the vehicle with lightweight seating and exhaust components, along with aluminum squeeze cast steering column components. (From a press release on January 14, 2014)
-In 2013, the Company announced that the 2014 Honda Accord features 27 body-in-white stampings from Shiloh. (From a press release on November 25, 2013)
Divestiture of Mansfield blanking facility
-In 2012, the Company announced that during the third quarter 2012, the Company entered into negotiations to sell its Mansfield blanking facility in Ohio, which ceased operations in December 2011. During the fourth quarter of fiscal 2012, the Company sold the property and building for USD 1.4 million.
-In 2014, the Company has been awarded top honors by Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA) for its performance and contribution in support of Toyota's diversity goal. (From a press release on April 3, 2014)
-In 2013, the Company announced that it was awarded the 2013 Quality Award from General Motors. The Company's Valley City, Ohio facility located on Wegman Drive received the honor. (From a press release on October 1, 2013)
-In 2012, the Company's Medina Blanking Division in Valley City, Ohio was ranked 1st in the Performance Evaluation by the United States Steel Corporation for the 2nd quarter.
-In 2012, the Company was awarded the General Motors "Supplier Quality Excellence Award for 2012" for three of its facilities.
|Plymouth Technical Center||Plymouth, Michigan, USA|
|Stephens Rd. Technical Center||Warren, Michigan, USA|
|Gothenburg Technical Center||Gothenburg, Sweden|
|Shanghai Technical Center||Shanghai, China|
Industry's lightest aluminum door blank
-In 2014, the Company revealed the industry's lightest aluminum door blank for mass production. This achievement allows automakers to further reduce mass compared to existing methods. As an example, four aluminum, single-piece (monolithic), door-inner blanks of similar geometry weigh 35.5 pounds, whereas Shiloh's aluminum laser welded door-inner blanks weigh 26.8 pounds–a reduction of nearly nine pounds or 25 percent per vehicle. Furthermore, carmakers switching from steel monolithic blanks to aluminum laser welded blanks save nearly 58 pounds per vehicle. (From a press release on August 4, 2014)
-In 2014, the Company announced the approval of the United States patent for an acoustic cover with its ShilohCore sound-damping metal laminate material to reduce noise and vibrations for vehicle fuel injection pumps. (From a press release on May 12, 2014)
|(in million USD)|
|FY ended Oct. 31, 2014||FY ended Oct. 31, 2013||FY ended Oct. 31, 2012|
Investment in USA
-In 2014, the Company announced that its subsidiary, Shiloh Die Cast Midwest, plans to inject new capital and expand its two facilities in Indiana, USA to support new increased demand from automakers for advanced lightweighting technologies. The company will invest USD 7.8 million to renovate and add new equipment to two separate manufacturing sites in Indiana; a 120,000 square-foot facility in Auburn and a 106,000 square-foot facility in Pierceton. The renovations and increased capacity will be implemented by 2016 and add 150 new jobs to the facilities by 2018. (From a press release on February 11, 2014)
Number of Employees
|Oct. 2014||Nov. 2013||Nov. 2012||Nov. 2011|
|(in million USD)|
|FY ended Oct. 31, 2014||FY ended Oct. 31, 2013||FY ended Oct. 31, 2012||FY ended Oct. 31, 2011|
Sales by Geographic Area
|(in million USD)|
|FY ended Oct. 31, 2014||FY ended Oct. 31, 2013|