- The 2% increase in total sales to US$2.1 billion reflected the combination of strong demand from automotive customers offset by lower sales to industrial customers in some market segments and the one-time effects of the divestment of a non-core business and changes to the Company''s distribution channels in Germany.

- The Automotive Products Group (“APG”), the largest operating division, achieved sales of US$1,273 million – an increase of 11% compared to a year earlier. Each of APG’s three major geographic markets reported healthy growth, with the strongest performance being in the Americas. 

 Automotive Products Group

- Excluding nonrecurring items, sales in FY2011/12 amounted to US$1,284.7 million, up 12% from US$1,149.6 million in the prior year. When currency effects are also excluded, sales grew by 9% year-on year. This was the result of being awarded cooling fan and related modules business for new customer platforms, as well as the successful launch of new engine air management products and geared motor drive products for window lifts and sunroofs. In addition, the business experienced strong sales of existing products across Asia and the Americas and benefitted from global demand for European luxury vehicles.

R&D Structure

- Engineering centers are located in Hong Kong, Germany, Switzerland, UK, Italy, Japan, China, Israel and the USA.

New Products
- The Company announced on December 13, 2011 a new cooling fan product line for HVs and EVs. The cooling fan modules are designed to continuously manage the battery temperature during the operating and recharge cycles of PHVs and EVs. The compact, lightweight and quiet products are designed to maximize airflow. The cooling fan product line provides airflow performance ranging from 30 to 70 liters per second with air pressure up to 600 Pa, covering each requirement of light hybrid, full hybrid and pure electric vehicles. The airflow is variable to provide the necessary cooling for battery temperature management controlled by the vehicle ECU. The cooling fan module interface and diagnostics can be customized for any vehicle platform. (From a press release, December 13, 2011)

- The Company announced on December 8, 2011 compact window lift motors, which are the lightest of its kind in the industry. The window lift motors were developed based on the company’s patented curve motor technology. They offer high torque performance between 8Nm to 12Nm without using rare earth magnet. Their high-density design also achieves a 30 percent reduction in product weight, while use of the company’s patented gearbox contributing to a noise reduction of 6 decibel. In addition, introduction of the carbon brush system enhances safety levels by transmitting necessary signals to the anti pinch system. A standard-plus type with higher performance is also available. (From a press release, December 8, 2011) 

- The Company announced on October 11 an actuator product line for automotive grille shutters. The Saia-burgess GS branded product line offers the industry’s widest speed and torque range in a compact package. It is designed to operate in all weather conditions with a unique power boost mode to overcome the effects of mud and ice build-up. Operating with high torque, high reliability, and a low power budget, the control interface of the Saia-burgess GS grill shutters allows for customized torque and speed configurations of large or small grill shutters. In addition, the actuator product line provides diagnostic information that will support future on-board diagnostic standards. (From a press release, October 11, 2011)