Factors
1)
-Sales were up 7.3% for the year ended December 31, 2013. Sales were favorably impacted by an increase in volumes in all segments, and favorable foreign exchange of $7.6 million. In addition, the Jyco acquisition provided $32.7 million of incremental sales.

Joint Venture

-In Dec. 2014, the Company will jointly establish a new weather strip plant in Brazil with Nishikawa Rubber Co., Ltd. The new Brazilian company will be capitalized at USD 8.3 million (JPY 800 million). Forty percent of the capital will be invested by Nishikawa Rubber's US subsidiary and the remaining sixty percent will be capitalized by CSA. The joint venture will be established in December 2013 and be operational in the first half of 2014. This will be the third joint production base between the two companies. The other two production facilities are in Thailand and the U.S. This facility is also Nishikawa Rubber’s first facility in Brazil. The new company’s name is yet to be decided.  The JV is expected to generate sales of BRL 55 million (JPY 2.3 billion) in the fiscal year ending in December 2014. (From an article in the Nikkan Jidosha Shimbun on August 8, 2013)

Acquisitions

-In Aug. 2013, the Company announced its acquisition of the automotive sealing business of U.S.-based Jyco Sealing Technologies effective July 31, 2013. The business acquired in the transaction is operated from Jyco's manufacturing locations in Canada, Mexico and China. Jyco has been developing Thermoplastic Vulcanizate (TPV) sealing technology since its founding in 2000 and has primarily supplied sealing systems and components to the automotive industry. (From a press release on August 1, 2013)

R&D Structure