Marelli Corporation (Formerly Calsonic Kansei Corporation)

Company Profile

■URL

https://www.marelli.com

■Address

2-19-4 Miyaharacho Kita-ku, Saitama-shi, Saitama-ken 331-8501 Japan

Business Overview

-A major supplier to Nissan, Calsonic Kansei acquired a major Italian lamp manufacturer, Magneti Marelli, in 2019 and renamed the company to Marelli.

-The main products of the former Calsonic Kansei are cockpit modules/interiors, air conditioning systems, heat exchangers, and compressors. The main products of the former Magneti Marelli (Now is Marelli Europe S.p.A.) are lighting, electronics, and powertrain.

-The Company is engaged in three business areas:

Lighting
Interiors
Electronics
Propulsion
Exhaust
Suspension
Thermal

Activities for bankruptcy and reorganization proceedings

-Marelli Corporation (Marelli) has voluntarily filed for Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to comprehensively restructure its long-term debt.

-Approximately 80% of the company’s lenders have signed a Restructuring Support Agreement (RSA) to deleverage its balance sheet and strengthen its liquidity. The company has also secured a significant commitment for USD 1.1 billion in debtor-in-possession financing (DIP Financing) from its lenders, ensuring it can continue operations as usual during the chapter 11 process.

(Detailed news)

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Products

Lighting
Front Lighting
-High-resolution LED ADB technologies
-Standard LED ADB technologies
-BASIC LED technologies

Lighting Electronics
-Software as a Product (SaaP)
-Light Domain Controller

ADAS Technology

Rear Lighting
-Folia-LED technology
-OLED technology
-Full-LED rear lamps

Interiors
Large display

Cockpit Module structure

Motorized cabin utility

Smart Surface

Stress-free HMI

Sustainable and antibacterial solutions
-Lightweight instrument panel substrate (foaming)
-Lightweight cross car beam
-Injection molding skin

Electronics
Dashboard solutions
-Dual displays: system-integrated displays
-Horizon View displays
-Dynamic privacy

Displays

Solutions products
-Smart surface technology on central consoles
- 3D auto stereoscopic HD displays that do not require glasses for the digital clusters
-Large-sized 27-inch displays on cockpit domain controllers
-S-shaped 27-inch dual displays on cockpit domain controllers
-Curved 27-inch dual display cockpits

Installment clusters
-Next-generation high and mid cluster platforms
-Analog-digital clusters
-Fully digitized clusters
-Double 27-inch cockpits (clusters and central display)

Propulsion
Conventional Powertrain Solutions
-Throttle bodies and Valves
-Hydrogen fuel system for ICE applications
-High Pressure Gasoline Direct Injection System
-Variable Geometry Turbine Actuators
-Air Intake Manifold
-Transmission Actuation Systems
-Engine Management System

Electrification Solutions
-Vehicle Multi Domains Management Units
-Multipurpose Mechatronics Transmission Actuators
-Multipurpose Mechatronics thermal management Actuators
-Battery Management Systems
-eMotor, Inverter, eAxle

Engineering Services and Software Solution
-Testing
-Engineering
-System Software

Exhaust
-The Marelli burner

Suspension
-Ultra-lightweight suspension components
-Rear axle carrier for Electric Vehicles

Thermal
-Thermal Management Module: iTMM

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History

Aug. 1938	Founded as Nippon Radiator Manufacturing Co., in Tameike, Akasaka, Minato-ku, Tokyo with capital of 20 thousand yen.
Dec. 1948	Transferred headquarters to Minamidai, Nakano-ku, Tokyo.
Dec. 1952	Renamed as Nippon Radiator Co.,
Jun. 1954	Became a sole supplier of radiators to Nissan Motor.
Feb. 1962	Listed on the Tokyo Stock Exchange.
Jun. 1962	Established the Oppama Plant in Natsushima-cho, Yokosuka, Kanagawa Pref.
Jun. 1966	Established the Atsugi Plant in Aikawa-cho, Aikou-gun, Kanagawa Pref. (in the Kanagawa Pref. Inland Industrial Park)
Jul. 1969	Established the Sano Plant in Sakae-cho, Sano, Tochigi Pref. (in the Sano Industrial Park)
Oct. 1972	Opened a American representative office in Los Angeles, California.
May 1974	Established the Gunma Plant in Oura-machi, Oura-gun, Gunma Pref.
Jun. 1976	Established Calsonic Incorporated in Los Angeles, California (later renamed Calsonic Climate Control Corp in Jan. 1988)
Feb. 1977	Established the Kyushu Plant in Nakatushi, Oita Pref. (currently the Kyushu Nakatushi Plant)
Apr. 1983	Established Calsonic Manufacturing in Tennessee, US.
Apr. 1984	Established NICHIRA International in Victoria, Australia (current company name is Calsonic Australia)
Sep. 1984	Established TI-NIHON in the Netherlands (current company name is Calsonic Automotive Products (NL)).
Feb. 1986	Established Calsonic International in Los Angeles, California as a regional headquarters for the Company's American subsidiaries.
Mar. 1986	Established TI-NIHON UK (current company name is Calsonic Automotive Products) in the U.K.
May 1986	Established Calsonic Harrison in Kiyohara Industrial Park, Utsunomiya-city, Tochigi Pref., as a joint venture with General Motors
Jul. 1988	Established CEI in Tennessee, USA.
Aug. 1988	Renamed as Calsonic Corporation
Jun. 1989	Acquired Sranessry Radiator Group (located in UK), and established Calsonic International (UK) (current company name is Calsonic International (Europe)) as a regional headquarters for the Company's European subsidiaries.
Apr. 1991	Established Crimatisadoress Calsonic in Spain and Calsonic Korea Inc. in Korea.
Jun. 1991	Built a main building for development in Sakae-cho, Sano, Tochigi Pref. and renamed the former Air Conditioning Technology Center as the Technical Center.
Sep. 1991	Established Calsonic Oita Co., Ltd. in Usashi, Oita Pref.
Oct. 1995	Merged Calsonic Manufacturing and Calsonic Climate Control, and named the company North America Calsonic.
Jan. 1996	Founded CESKOR Inc. in South Korea.
Oct. 1997	All facilities obtained ISO9001 certificate simultaneously. In addition, QS9000, a quality standard set by a U.S. automobile manufacturer, is expected to be obtained by the entire organization.
Feb. 1996	Constructed Biwako plant in Ishibe-cho, Koga-gun, Shiga Pref.
Oct. 1996	Established Calsonic Products Inc. by merging Calsonic Twintee Corp., Calsonic Nitto Corp. and Calsonic Kowa Corp.
May 1997	Founded Calsonic Mexicana S.A.de C.V.
Nov. 1999	Signed a merger contract with Kansei Corp. (Date of merger: April 1, 2000)
Jan. 2000	Opened a Paris office to respond orders from Renault. Reorganized the company's part-based sections into module-based sections.
Mar. 2000	Closed its Bewako Plant and integrated exhaust products manufacturing sites at its Gunma Plant. Also reduced no. of production line from 4 to 2.
Apr. 2000	Renamed as Calsonic Kansei after the merger with Kansei Corp.
Mar. 2001	Established Calsonickansei North America in the U.S. as its North American headquarters, and Calsonic Mexicana S.A.de C.V. in Mexico as its Mexican headquarters.
Apr. 2001	Established a wholly-owned subsidiary, Calsonic Kansei (Thailand) Co., Ltd. in Thailand.
Jul. 2002	Handed over a portion of its wire harness business operations.
Jul. 2002	The Kyushu Plant was first acquired by an existing company, Calsonic Oita Co., Ltd., which was then spun off and adopted the name CKK Corporation.
Jul. 2002	Established Calsonic Kansei (Wuxi) Corporation in China.
Jul. 2003	Established a joint venture, Calsonic Compressor in (Narashino City, Chiba Prefecture), with Seiko Instruments Inc.
Oct. 2003	Spun off its Nihonmatsu plant and established CFK Corporation.
May 2004	Made Tokyo Radiator MFG Co., Ltd. as its consolidated subsidiary by purchasing Tokyo Radiator's new shares allocated to a third party and increasing the shareholding ratio to 40.7%.
Jan. 2005	Became Nissan Motor's consolidated subsidiary as Nissan purchased the Company's new shares allocated to a third party and increased the shareholding ratio to 41.9%.
Jul. 2005	Established Calsonic Kansei (China) Holding Company in Shanghai as the group's headquarters in China.
Apr. 2006	Calsonic North America, Inc. and Kantus Corporation merged, becoming Calsonic North America, Inc., the surviving entity.
Jun. 2006	Established Calsonic Kansei Romania S.R.L. in Romania.
Jan. 2007	Kantus Mexicana, Calsonic Mexico, and Calsonic Kansei Mexicana merged, becoming Calsonic Kansei Mexicana, S.A. de C.V.
Apr. 2007	Calsonic Kansei North America, Inc. and Calsonic North America, Inc. merged, becoming Calsonic Kansei North America, Inc.
May. 2007	Constructed a new headquarters and a research and development center in Saitama City, Saitama prefecture and moved its headquarters and consolidated development and design departments there.
Jul. 2007	Acquired additional shares of Magna Kansei Limited, making it a subsidiary of which its results are included in the Company's consolidated financial statements. The company is currently called Calsonic Kansei Sunderland Limited.
Dec. 2007	Merged Calsonic Compressor Inc.
Sept. 2010	Ceased production at the Tochigi Plant.
May. 2012	Established Calsonic Kansei do Brasil Industria e Comercio Ltda. in Brazil.
May. 2012	Established Calsonic Kansei RUS LLC in Russia.
Dec. 2013	Acquired additional shares in Siam Calsonic Co., Ltd. in Thailand. (This company is included in the Company’s consolidated financial statements.)
May. 2019	Acquired Magneti Marelli from FCA for EUR 5.8 billion.
Oct. 2019	Calsonic Kansei's corporate name was changed to "Marelli".
Nov. 2019	Tokaido Plant in Okazaki, Aichi Prefecture becomes first, new production plant to be built in Japan in 20 years.
Feb. 2021	Established Highly Marelli Holdings Co., Ltd., a joint venture with Highly International (Hong Kong) Limited.
Mar. 2022	Filed a turnaround ADR to reorganize business operations.
Jun. 2022	Changed from ADR proceeding to simplified rehabilitation proceeding to reorganize business operations.
Jul. 2022	Started a simplified civil rehabilitation proceeding to reorganize business operations.
Aug. 2022	Confirmed approval of business revitalization plan by Tokyo district court
Jun. 2025	Filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in the State of Delaware.