Superior Industries International, Inc. Business Report FY2010

Business Highlights

Financial Overview

(in million dollars)
  FY2010 FY2009 Rate of change
Net Sales 719.5 418.8 71.8 +Volume of wheels shipped in 2010 increased 3.8 million, or 54 percent from 2009
+Higher prices of aluminum
Gross Profit 89.2 (10.1) - -


-The Company announced it has acquired 8.7% shares of Synergies Castings Limited, an aluminum wheel manufacturer based in India. Concurrently, Superior entered into an agreement to make additional equity investments in Synergies up to approximately 26% of Synergies' total equity by the end of 2010. SYNERGIES is India’s first global scale, world-class aluminum alloy wheel manufacturing company. The company has Low Pressure Die Casting (LPDC) and customized Copper-Nickel-Chrome electroplating technology to manufacture and finish aluminum alloy wheels and other aluminum cast components. It has existing contracts with Toyota, General Motors and Chrysler, among others. (From a press release on June 29, 2010)


-The Company announced that it will sell its entire stake in Suoftec Light Metal Products Production & Distribution Ltd. (Suoftec) in Hungary to Otto Fuchs KG based in Germany. Suoftec is a 50 percent-owned joint venture with Otto Fuchs and manufactures forged and cast aluminum wheels. (From a press release on June 15, 2010)


R&D Expenditure

(in million dollars)
  FY2010 FY2009 FY2008
Total 4.9 3.1 4.7

R&D Facilities

Name Location Activities
Engineering center Fayetteville,
Supporting its research and development manufacturing needs.
Technical center Detroit,
Maintaining a complement of engineering staff centrally located near its largest customers' headquarters, engineering and purchasing offices.