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CONTENTS
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About the Information Platform
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  1. Home
  2. Supplier Database
  3. Major Suppliers
  4. TE Connectivity Ltd. (Formerly Tyco Electronics Ltd.)
  5. Tyco Electronics Business Report FY2008

Tyco Electronics Business Report FY2008

Business Highlights

Financial overview (in million USD)
  FY2008 FY2007 Rate of
change (%)		 Remarks

Overall

Net Sales 14,834 12,959 14.5 -
Income from
operations 		1,746 716 143.9 -

Net income

1,782 (554) - -
Electronic Components Segment
Net Sales 11,043 10,111 9.2 -The strengthening of certain foreign currencies favorably affected net sales by 689 million USD.

-Organic net sales growth of 2.4% resulted from increases in volume partially offset by price erosion.

-In the automotive market, the organic net sales growth of 2.8% resulted from growth in the Asia-Pacific region of 12.2% and Europe/Middle East/Africa region of 3.8% partially offset by a 17.0% decline in the North America region that was driven by continued reductions in production by automotive manufacturers.

-Net sales by end market :
Automotive : 40%
(FY2007 : 39%)
Income from
operations 		1,287 1,339 (3.9) -

Performance in Key Emerging Markets (FY2008)
-In FY2008, the Company generated 1.8 billion USD of net sales in China, 1.2 billion USD of net sales in Eastern Europe, and 0.2 billion USD of net sales in India. The Company has been increasing its sales and marketing, engineering, and manufacturing resources in these emerging regions.


Divestitures
-The Company divested certain businesses in an effort to streamline its portfolio and reallocate resources to its core operations.

Radio Frequency Components and Subsystem Business
-In May 2008, the Company announced that it has entered into a definitive agreement to sell its Radio Frequency Components and Subsystem business to Cobham Defense Electronic Systems for 425 million USD. The sale of the Radio Frequency Components and Subsystem business is consistent with the Company's strategy to divest certain businesses in an effort to streamline its portfolio and reallocate resources to its core operations. The Radio Frequency Components and Subsystem business, with approximately 2,000 employees primarily located at 11 locations throughout the U.S. and Europe. (From a press release on May 13, 2008)

Automotive Radar Sensors Business
-In July, 2008, the Company agreed to divest the automotive radar sensors business to Autoliv for US$42 million. This part of the business unit , based in Lowell, Massachusetts, USA and Schweinfurt, Germany, designs and manufactures active radar sensor systems used in vehicle driver assist and safety applications for the global automotive market -- and is the development partner of Daimler for automotive radar sensor technology. Existing customers include BMW and Chrysler. (From a press release on Jul 29, 2008)


Closure of Locations
-During FY2007 and FY2008, the Company initiated the closure of approximately 25 manufacturing locations.

R&D

R&D Structure
-The Company employs over 8,000 engineers dedicated to product research, development, and engineering.


R&D Expenditure (in million USD)
  FY2008 FY2007 FY2006
Overall 530 482 428
-Electronic Components 393 341 302
-Others 137 141 126


R&D Activities
-The Company seeks to continue to increase the percentage of the annual net sales from new products. In FY2008, the Company derived approximately 34% of its net sales from new products launched within the previous three years.

Investment Activities

Capital investment (in million USD)
  FY2008 FY2007 FY2006
Total 619 875 519

-The Company plans to continue to simplify its global manufacturing footprint, both by migrating facilities from high-cost to low-cost countries and by consolidating within countries.
With respect to its manufacturing rationalization plan, it expects to incur restructuring charges of up to 200 million USD from FY 2009 through 2010.

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
infoshanghai@marklines.com
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779