Dana Holding Corporation Business Report FY2010
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-The overall strengthening of several international currencies against the U.S. dollar accounted for 71 million dollars of the increase. The sale of its Structural Products business in early March 2010 resulted in a year-over-year sales reduction of 460 million dollars. The organic growth in sales of 1,270 million dollars, attributable primarily to market volume, pricing and mix, is an increase of about 27% over 2009 sales after adjusting for the effects of the Structural Products divestiture.
-Increased sales in North America during 2010, adjusted for the effects of currency and divestitures, was 592 million dollars - a 25% increase on 2009 sales adjusted for divestitures. The increase was largely due to the increased OEM production levels in the light vehicle and medium/heavy truck markets.
-Excluding currency effects, European sales were 32% higher in 2010 than in 2009. The Company's businesses in Europe benefited from stronger production levels in each of its markets, while also benefiting from demand levels for certain light vehicle programs that were stronger than the overall market.
-Stronger international currencies increased 2010 sales by 68 million dollars in South America and 54 million dollars in Asia Pacific. The organic growth in sales in South America and Asia Pacific represent increases of 14% and 37% over 2009 sales adjusted for divestitures, due principally to the higher 2010 production levels in these regions.
Contracts-The Company is supplying engine oil cooling technology on the 2011 Hyundai Sonata, Hyundai Santa Fe and Kia Sorento. These vehicles feature a 2.4-liter, four-cylinder engine. The Company will manufacture the engine oil coolers at its facility in Rochester Hills, Michigan, USA. The products will be delivered to the Hyundai-Kia Group's US facilities located in Montgomery, Alabama and West Point, Georgia. (From a press release on May 10, 2010)
-The Company announced that it has been awarded a contract with Chinese automaker Beiqi Foton Motors to supply Spicer(R) rear axle assemblies for its 2012 model year sport-utility vehicle and pick-up truck platform. The Company will manufacture the axles at its Chinese affiliate Fujian Spicer Drivetrain System Co., Ltd. based in Fuzhou, Fujian Province. (From a press release on August 26, 2010)
-The Company debuted its all-new water-cooled charge air cooler on the 2011 Ford F-250 pickup truck. The truck features Ford Motor Company's all-new 6.7 liter Power Stroke(R) V-8 turbocharged diesel engine. The Company is manufacturing the water coolers at its Mount Forest, Ontario, Canada facility. (From a press release on September 21, 2010)
Business Restructuring-The Company announced that it will consolidate its Heavy Vehicle Products operations in the United States into two locations in the Toledo, Ohio and the Greater Detroit, Michigan areas. The facilities in Kalamazoo, Michigan as well as Statesville, North Carolina are expected to be closed by the end of 2010. (From a press release on January 28, 2010)
Divestitures-The Company announced that it has finished the sale of the majority of its global Structural Products business to Metalsa, S.A. de C.V., a subsidiary of Grupo Proeza of Mexico, by divesting operations in the U.S., Brazil, Canada, Australia, and Argentine, and a U.K. joint venture. The sale of the facility in Venezuela is anticipated to conclude later 2010. The Company sold these assets for an aggregate amount of approximately 147 million USD. The Company retains and will continue to operate Structural Products operations at its Longview facility in Texas, USA. (From a press release on March 8, 2010)
Awards-The Company's Montevideo operation, Uruguay, has earned Ford Motor Company's Gold World Excellence Award. The facility assembles Spicer(R) rear axles on the Ford Ranger compact pickup truck and ships them to Ford's facility in Buenos Aires, Argentine. The Montevideo location was named a certified Ford Q1 Preferred Quality Supplier in February 2008 and since that time has delivered manufacturing quality of zero parts per million (ppm). (From a press release on May 3, 2010)
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R&D Structure-The Company broke ground for a 20 million USD technical center in Pune, India. The new facility, The Company's fifteenth technical center globally, will provide design, testing, and analytical to support for light vehicle, commercial vehicle and other vehicle markets. The facility is expected to be fully operational with 550 engineers by the end of 2011. The new center will be part of Dana India Technical Centre Pvt. Ltd., a wholly-owned its subsidiary, and will encompass 11,600 square meters on a 1.9-hectare lot. In February 2010, Spicer India, Ltd., the Company's joint venture with Anand Automotive Systems, broke ground a hypoid gear manufacturing facility in Chakan, India. The new facility is expected to begin production in the first half of 2011. The addition of these two new facilities will bring the number of its operations in India to 12. The Company anticipates 2010 sales of more than 200 million USD in the country. (From a press release on December 13, 2010)
Product DevelopmentCoated gaskets
-The Company developed the Victor Reinz(R) ThermoGlide 1000(TM), a new coated gasket for exhaust systems. ThermoGlide 1000(TM), the first to withstand temperatures as high as 1,000 degrees Celsius, offers a 25 percent improvement over the heat resistance of competitive coatings. The product is currently in production with a large diesel-engine manufacturer. (From a press release on May 5, 2010)
-The Company announced that it has developed a technology for manufacturing lightweight, one-piece aluminum driveshafts for the heavy-duty commercial truck market. The Spicer(R) Diamond(TM) Series driveshaft weighs 40 percent less than traditional two-piece steel driveshafts and features fewer parts in many applications, as well as reduced noise, vibration, harshness (NVH). (From a press release on September 21, 2010)
-The Company has introduced a sealing component for light- and commercial-vehicle applications, the Victor Reinz(R) Linear Stopper(TM) sealing technology. Designed for use in exhaust manifold and cylinder-head gaskets, the Linear Stopper technology reduces heat transfer between engine block, seal, and cylinder head, and contributes to potential fuel savings. (From a press release on September 21, 2010)
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