MANN+HUMMEL GmbH Business Report FY ended Dec. 2012
|(in million euros)|
|FY ended Dec. 31, 2012||FY ended Dec. 31, 2011||Rate of change (%)||Factors|
-The development in turnover in the 'Automotive Original Equipment' Division in 2012 was above that of the previous year for the third year in succession, mainly due to the high levels of capacity utilisation of the American factories.
-The Company founded a 100% subsidiary MANN+HUMMEL (Thailand) LTD. in Thailand to support customer demand for local production and to accelerate the group's automotive and water business in the region. The offices are located in Bangkok and the company is now installing a nearly 4,000 square meter production site including a distribution center in the Rayong Area. MANN+HUMMEL Thailand will produce air cleaner systems and intake manifolds for passenger cars and trucks. (From a press release on September 20, 2012)
Product DevelopmentAir filter element
-The Company has developed a new air filter element for the Mercedes-Benz Actros which achieves weight and material savings of over 30%, compared with its predecessor. The key to this solution: when service is required, the mechanic needs to change only the air filter element. The cover, weighing 1.8 kg, is a lifetime part which remains in the vehicle. (From a press release on September 11, 2012)
|(in million euros)|
|FY ended Dec. 31, 2012||FY ended Dec. 31, 2011||FY ended Dec. 31, 2010|
|Total (Investments in tangible assets)||124||109||71|
-Around half of the investments in tangible assets in the last fiscal year were made in the Automotive Original Equipment Division and around one third in the Automotive Aftermarket Division.
-The investments were mainly made in machines and tools in order to execute customer projects, as well as for the implementation of new technologies. One of the largest individual projects in this context was the investment in production capacities for the manufacture of replaceable filters at the Indaiatuba site in Brazil. Investments were otherwise made primarily in new production technologies at the production plants of Marklkofen/Germany and Changchun/China.
Investment in Germany-In May 2012 the Company will inaugurate a new plant for cabin filters in Himmelkron, Bavaria. Investment volume: 17 million euros. In the same month, The company will also inaugurate an extension to its Sonneberg plant in Thuringia. Investment volume: 7.2 million euros. (From a press release on May 8, 2012)
-The Company announced that it will invest 4.5 million euros in its Marklkofen plant in Germany to build a new quality and development center. Construction work is planned to begin in July 2012. The new laboratory facilities will be able to test the first filter elements in the second quarter of 2013. In Marklkofen, the Company employs a workforce of more than 2,500. Every day the plant produces more than 600,000 oil filters, fuel filters, air filters and cabin filters for the automotive industry and aftermarket. The company distributes approximately 40% of the filters from Marklkofen under the company brand MANN-FILTER.
Investment Outside Germany<India>
-In Dec. 2012, the Company has inaugurated its new manufacturing facility in Bawal, India. This plant, which represents a multi-million euro investment, is spread over an area of 10,000 square meters and will have an annual production capacity of approximately two million products. The new plant will produce the company's core products, which include plastic air intake manifolds, air cleaner systems, cylinder head covers and crank case ventilation systems, washer reservoir systems. Major customers of the Bawal plant are Maruti Suzuki, Tata Motors, M&M, GM, Ford, Suzuki, Volvo Eicher, JCB among others. The Company already has a manufacturing facility in Tumkur, close to Bangalore which was set up in 2006. (From a press release on December 3, 2012)
-In Jun. 2012, the Company opened a new production site in Liuzhou, China, which is the group's fourth production site in the country. The new plant will manufacture air cleaners, intake manifolds and engine cam covers for automobiles. Today, the main customer of the Liuzhou plant is SGM-Wuling, a Chinese mini-van manufacturer. Up to now SGM-Wuling in Liuzhou was served by the MANN+HUMMEL Shanghai factory. (From a press release on June 1, 2012)