Valeo Group (China) Business Report FY ended Dec. 2012
Business Overview for recent years
-Valeo plans to double its China sales to 1.5 billion euros (12.5 billion yuan) by 2015. In 2011, sales of Valeo group rose by 13% to 10.9 billion euros.Valeo's China sales accounted for 8 percent of its global total. According to Valeo, China will contribute 11 percent of its global revenue by 2015. As sales rise, the company expects to increase its workforce in China from 9,600 to 15,000 people. By 2020, Valeo aims to quadruple its China sales to 25 billion yuan.(From a press release on May 1, 2012)
Joint Ventures-Valeo and Ichikoh Industries, Ltd. announced that they have reached a basic agreement to restructure their existing lighting businesses in China. The majority of each company's subsidiaries and affiliates in the country will be placed under the management of Valeo Ichikoh Holding Co., Ltd., a Valeo-Ichikoh joint venture created to oversee their operations in China. The holding company is owned 85 percent by Valeo, and 15 percent by Ichikoh. (From a press release on Sep. 11, 2012)
-The Electronic Business Division of China Auto Electronics Group Limited passed a product screening conducted by Valeo’s SQA Division in France and the procurement division in Asia. This gave China Auto Electronics the qualification to supply its headlight controllers to Volvo vehicles. (From a press release, August 13, 2012)
-Valeo Guangzhou Niles Electronics Co., Ltd., a comfort driving assist system division of the Valeo Group (China), held an opening ceremony on May 11, 2012. The twenty-second facility of Valeo China now employs 160 people, while intending to increase the number to 1,500 in the future. The plant will manufacture switches and other products for automobiles. (From news releases issued by multiple sources on May 14, 2012)
-Valeo presents five major innovations in 2012 China Beijing Auto show, including: The second generation of this parking assistance system Park4U®; Air intake module: a new air intake architecture for diesel and gasoline engines. The air intake module, integrating a water cooled charge air cooler, contributes to an increase in energy efficiency and enables more compact charged combustion engines with lower emission levels; BeamAtic® PremiumLED: smart LED lighting system. Headlamps equipped with BeamAtic® PremiumLED provide maximum visibility, similar to high beam, without blinding oncoming or overtaking motorists; Hybrid4all: an electrification solution for the powertrain. Hybrid4all is based on a belt mounted motor-generator and a low-voltage architecture (48V). By combining the Stop-Start function, regenerative braking and engine assistance, this system offers fuel savings of over 15% at an affordable cost. It is suited to all vehicles in all categories;Double Dry Clutch Transmissions: a system that enables the motorist to combine the sportiness of a manual gearbox with the comfort of an automatic, while offering fuel savings of up to 10% compared to a conventional automatic. （From a press release on April 23, 2012）
|Name of facility||Operating segment||City||Overview|
|Shanghai Technical Centre||Valeo Climate Control Systems China Technical Center||Climate Control||Shanghai||- Providing technical support to its Chinese manufacturers, to which it supplies its products based on an OEM agreement.
- Providing technical support in Asia and emerging markets.
|Valeo Engine Cooling Systems China Technical Center||Engine Cooling|
|Valeo Wipers Systems Asia Technical Center||Wipers Systems|
|Valeo Lighting Systems China Technical Center||Lighting Systems||Wuhan, Hubei||- Developing lighting system for the Chinese and the global markets|
|Valeo Shenzhen Electrical Technical Centre||Interior Control||Shenzhen, Guangdong||- Research and development of interior control products|