Grupo Antolin-Irausa, S.A.

Company Profile

■URL

http://www.grupoantolin.com

■Address

Ctra. Madrid-Irun, Km. 244,8, 09007 Burgos, Spain

Business Overview

-The Company is one of the global leaders in the design, development, manufacturing and supply of automotive interior components and systems.

-As of December 31, 2019, the Company is organized into the following four business units:

  • Headliners: Develops and manufactures overheads systems and soft trim, including systems such as headliner substrate and modular systems while integrating acoustic, safety, panoramic and lighting functionalities
  • Doors: Develops and manufactures door systems and hard trim such as door panels, pillars, door mechanisms, window regulators, rear cargo and lift gate trim
  • Cockpits: Develops and manufactures cockpit modules and consoles including instrument panels, center consoles and glove boxes
  • Lighting: Develops and manufactures interior lighting solutions including overhead consoles, side reading lamps, multi-purpose lamps and ambient lighting as well as exterior solutions such as daytime running lamps, enter high mounted stop lamps, and direction, position and license plate indicators


-In May 2020, the Company created a new business unit, Electronic Systems. The new business unit will develop the Company’s electronics capabilities in lighting, smart surfaces and focus on integration in various systems. It will also support the Company’s other business units in developing integrated components with electronics, while directly developing and marketing purely electronic systems.

-According to the Company’s research it has a substantial market share across a number of its product lines based on its sales in 2019.

  • The global leader in overhead systems, with 25% market share
  • The leader in Europe and in Mercosur in sunvisors, with a 32% market share in each region
  • One of the top manufacturers of door panels and window regulators in Europe, with a 22% and 20% market share, respectively
  • A top manufacturer of window regulators in the Mercosur region, with a 16% market share
  • A leading manufacturer of overhead front console and dome lamps in Europe, with a 35% market share

Competitors

Headliners Doors Cockpits Lighting
-Howa Tramico
-IAC
-Motus
-Industriale Sud
-Toyota Boshoku
-Shanghai Daimay
-Kasai Kogyo
-Shanghai Huarte
-Yong San
-Autoneum
-Borgers
-Ideal
-Yanfeng
-Faurecia
-Yanfeng
-Kasai Kogyo
-Toyota Boshoku
-Seoyon e-Hwa
-Motherson
-IAC
-Magna
-Simoldes
-Brose
-Hi-Lex
-Johnan Seisakusho
-Inteva
-Kwangjin
-Shiroki
-Yanfeng
-Faurecia
-IAC
-Draexlmaier
-Motherson
-Hyundai Mobis
-Marelli

-Hella
-Silder
-Il-Heung

Shareholders

-As of December 31, 2019, Grupo Antolin HoldCo, S.A. holds 67.4% of the Company’s shares and Castilfale Gestion, S.A.U. holds 32.6% of the Company’s shares. Both Grupo Antolin HoldCo, S.A. and Castilfale Gestion, S.A.U. are wholly-owned by the Antolin family through various holding entities and vehicles.

Products

Overhead systems
-Modular headliners

  • Substrate materials
  • Sunvisors
  • Lightings
  • Wiring
  • Grab handles
  • Stow spaces
  • Fastening systems
  • Head impact safety systems
  • Front and side airbags
  • Air conditioning vents
  • Electronics
  • Antennas
  • Loudspeakers
  • Panoramic solutions


-Substrates

  • Glasutec semi-rigid foam base made from polyurethane and fiberglass
  • Glasupreg e Hybrid synthetic fiber and foam base made from fiberglass
  • Green foams

-Sunvisors
-Sunvisors with integrated functionality

  • Mirrors
  • Lighting
  • Ticket holders
  • HomeLink system

-SKY-FX and STAR-FX lighted headliners
-Panoramic headliners
-"Wish" (Windshield Integrated System Headliner) panoramic windshields

 

Doors
-Plastic cassette door hardware modules with integrated functionalities
-Door trim carrier modules with integrated functionaliteis
-Door panels
-Window regulators

  • Cable window regulator
  • Window regulators for doors without frame
  • Window regulator electronics

 
Cockpit systems
-Cockpit modules
-Instrument panels
-Central consoles
-Glove boxes
-Seamless leather passenger airbag systems

Lighting
-Overhead console lighting
-Multipurpose lamps
-Ambient lighting
-Side reading lamps
-Smart lighting solutions
-Daytime running lights
-Side repeaters
-Turn signals
-License plate lamps
-Center High Mounted Stop Lights (CHMSL)
-Puddle lights

Trim
-Pillars
-Trim inserts
-Package trays
-Boot & liftgate trim

Insulation and soundproofing
-Deadeners
-Underbody shields
-Hoodliners

Metal Components
-Bulkhead
-Door reinforcements
-Structural side reinforcements
-Power window tracks
-Door frames
-Window guide rails
-Window supports
-Battery supports
-Structural cross-pieces
-Roof arches

History

1950's The Antolin family founded a workshop in the town of Burgos that specialized in brakes and steering.
1959 Launched the firm ANSA, dedicated to the production of vehicle steering joints and suspension units.
1967 Established firms dedicated to the production of seats, door panels, headlinings, and mechanical devices.
1985 Grupo Antolin was launched and consolidated companies.
1990's- Established 46 plants and 13 technical and commercial offices worldwide, situated in the automobile industry's major decision making areas.
Jan. 1998 Sold a 50% share in its pressed metal assembly business, Irametal to focus on interiors.
Dec. 1999 Grupo Antolin-Vosges SAS in France acquired Meritor's sun-visor operation in Rupt-sur-Moselle (France).
Apr. 2000 Established Grupo Antolin-Kent in UK mainly to manufacture automotive interior trim parts.
AIIPL (India) moved to a new plant located in Ranjangaon in Pune district of India.
May 2000 An agreement with the German company Küster, in order to improve the market position of window regulator and door module.
Acquired the share that Lear had in Autoform Kunststoffteile GmbH & Co KG, controlling now 100% of the Company.
Obtained a share of the IN-SAN company, principal headliner manufacturer in South Korea.
Jul. 2000 Grupo Antolin-North America opened a new Technical Center in Troy-Michigan.
Nov. 2000 Grupo Antolin-Deutschland Opened a new Technical Center at Grupo Antolin-Deutschland in Wolfsburg, Germany to work closely with VW Group.
Jan. 2001 Opened a new plastic facility in Monte La Abadesa (Burgos)  to manufacture panels and other injected products.
May 2001 Established a new plant for the sequence of products to Volkswagen in Navarra.
Jul. 2001 Opened the new R&D center in the Headquarters.
2011 Acquired CML Innovative Technologies, specializing in lighting systems for the automobile.
2012 Acquired Italy-based CRS S.r.l., which specializes in the manufacture of car interior trims.
2013 The Antolin family once again became the company's sole shareholder after the buyback in 2013 of 22.8% of the share capital held by various financial institutions since 2004.
2014 Established Grupo Antolin-Valplas in Valencia, Spain.
The Company and Dongfeng Visteon Wuhan Automotive Trim Systems Co., Ltd. announced that they will establish a joint venture to produce interior parts in China.
Opened its second factory in Tangier, Morocco, dedicated to sewing seat covers.
Set up a new manufacturing facility in Kansas City, Missouri, U.S.
Acquired the 25% stake held by a minority shareholder in the Russian company Antolin Autotechnika Nizhny Novgorod, Ltd. which carries out the manufacture of headliners, giving it 100% of the shares.
Grupo Antolin India acquired 100% of Indian company Machino Auto Comp Ltd, which carries out plastic injection.
Created Grupo Antolin Tlaxcala (Huamantla) in Mexico.
Jan. 2015 Formed joint venture with Dongfeng Visteon Automotive Trim Systems Co., Ltd. called Donfeng Antolin (Wuhan) Automotive Trm Co., to manufacture interior components.
Aug. 2015 Acquired interiors business of Magna International Inc.
Jan. 2016 Agreed to acquire entire stake of Silesia Plastic, a plastic injection molding joint venture in Poland.
Aug. 2018 Bought Haselbeck, a plastic injection mould maker based in Germany
Dec. 2018 Entered into a strategic partnership with Walter Pack, the Spanish company that specializes in the design and production of high-quality decorative technical surfaces and parts.

Supplemental Information 1