MANN+HUMMEL GmbH Business Report FY2010
|(in million euros)|
|FY2010||FY2009||Rate of change(%)||Factors|
|Automotive OEM Division|
|Filter Elements and Systems for Industry and Aftermarket Division|
-The stabilisation trends already detected in the fourth quarter of 2009 in individual sales markets were unexpectedly pronounced in 2010. The Company recorded a corresponding increase of 30.4%, to 2,180 million EUR.
-Sales development in the Automotive OEM Division was characterised over the past year by the rapid recovery of the international automotive markets which had a positive impact on our business in all regions.
-Contrary to the Company's expectations, business with first-tier manufacturers increased substantially in 2010. Sales in this sector were almost back to pre-crisis levels in the second half of the year, as a result of strong growth during that period. Over the full year under review however, sales still remained below pre-crisis levels. In this business segment as well the Company benefits from the strong growth in the BRIC states, particularly in China.
Awards-General Motors 2009 Supplier of the Year Award for the 18th time in succession.
-PSA Peugeot Citroen Supplier Award 2010 in the ‘Service’ category.
-Quality Excellence Award of Toyota MERCOSUL Division (MANN+HUMMEL Brasil).
-Wabco 2009 Supplier Award – Excellence in Continuous Performance (IAM/OES).
R&D Structure-Every year, the Company invests approximately 4% of sales in research and development, which is well above the regional average. Part of the research budget is devoted to concepts, products and technology for alternative drive vehicles. The company is currently undertaking 10 projects in the electro-mobility field. At the same time, the filtration specialists continue to focus on optimising solutions for the combustion engine, which will remain the basis for individual and commercial mobility for many years to come.
Product Development-In Mar. 2011, the Company has developed a space-saving acoustic filter. With the acoustic filer, the cross-section of the intake manifold is adjusted to provide optimum volume of air to the engine at all times. In addition, the new development saves more than 2.5 liters of installation space in the engine compartment which would otherwise have been occupied by the resonators. (From a press release on March 17, 2011)
|(in million euros)|
-Most of the investment in tangible assets was directed almost equally between the Automotive OE and Automotive Aftermarket Divisions.
-The attention was focused on extending machinery and tools to realise customer projects and implement new technologies. One of the largest single projects was investing in new manufacturing technology at the Ludwigsburg plant. Another key project was investing in new manufacturing technology at the production facility in Marklkofen.
-The largest single project in 2010 was extension of the new production facility in China. Viewed across all divisions and business units in each country, the largest investments were made in Germany, China, Brazil and the Czech Republic.
Investment in Germany-The Company established a pilot plant for ceramic diesel particulate filters for passenger cars in Ludwigsburg, Germany. The company has invested 4 million euros in the plant. The Company is aiming at entering series production by 2012. (From a press release on May 21, 2010)
Investment Outside Germany<India>
-In Dec. 2010, the Company announced that it will open a new manufacturing facility in Bawal, North India. The new plant will produce products such as engine filter systems, plastic air intake manifolds, air cleaner systems, cylinder head covers and crank case ventilation systems, washer reservoir systems. Mann+Hummel set up a manufacturing facility in Tumkur, close to Bangalore, South India in 2006. (From a press release on December 2, 2010)
-The Company opened a multi-factional facility in Jiading, Shanghai, China. The facility houses the Chinese headquarters of MANN+HUMMEL, a production plant and Research & Development center. The factory manufactures products including air filter systems, air filter elements, oil filters, fuel filters, cabin air filters, intake manifold systems, crankcase ventilation systems and coolant reservoirs, mainly for the Chinese market. The Company has invested 40 million euros (about 365 million RMB) in this new location. (From a press release on May 27, 2010)
-The Company announced that it has built a new factory in Jinan, Shandong Province, China. Located close to the facility of Chinese truck manufacturer CNHTC, the facility mainly produces air filters, oil filters and fuel filters for the heavy-duty sector. (From a press release on May 21, 2010)