Edscha AG

Company Profile

■URL

http://www.edscha.com

■Address

Hohenhagener Strasse 26-28, 42855 Remscheid, Germany

Business Overview

-A Germany-based manufacturer of door hinges and door checks, under the umbrella of Gestamp Automocion. As of June 2014, the Company has a market share of over 50% for door hinges and door checks in the European market.

-As of June 2015, the Company produces over 140 million door hinges and 70 million door checks per year.

-In February 2009, the Company filed for insolvency for its European operations including its headquarters and production facilities in Germany. Based on the insolvency filing, the Company sold its convertible roof systems business unit to Webasto in August 2009. It also transferred its body components business units to Gestamp Automocion of Spain in April 2010.

Shareholders

-The Company's Body Components business unit was acquired by Gestamp Automocion in 2010. The Company is under the umbrella of Gestamp Automocion.

Products

Body Components
-Door hinges
-Door checks
-Hood hinges
-Trunk hinges
-Door hinges with integrated door check systems
-Hood hinges with pedestrian protection systems
-Soft Stop hinge system
-Modular plastic door checks
-Divided liftgates
-Flap hinges
-Switch handles
-Sliding door systems

Powered Systems
-Electrically powered liftgates
-Electrically powered trunk lids
-Spindle drives
-Module drive systems

Driver Controls
-Pedal boxes
-Parking brakes
-Handbrakes

History

1870 Founding of the company in Remscheid, Germany.
The Company at first supplied hinges, fittings and locks for horse-drawn carriages and later for other vehicles too.
1913 Concentrates on hinges and sells its lock production business.
1932 First major series order for the automotive industry. The Company's hinges can be found in vehicles including the Adler Trumpf, the Hanomag Kurier and the Hanomgag Strurm.
1963 Building of the new plant in Hengersberg, Lower Bavaria
1969 A patent creates the basis for sliding roof business for trucks.
1975 Internationalization: setting up of first production facilities outside Germany
1984 Building of new plant in Hauzenberg, Lower Bavaria.
1985 Received an order from BMW for the production of the convertible roof for the 3 Series. This order is the foundation of the Convertible Roof Systems division.
1994 Redefinition of corporate strategy. The Company's "best in class" philosophy calls for concentration on core competences, screw and pin production. The production of driver's cab is discontinued. Closure of unprofitable locations and greater emphasis on internationalization.
Apr. 1997 A management buyout takes place for the Company. All shares are purchased by Horst Kuschetzki.
Mar. 1999 The Company's shares are officially traded on the Frankfurt Bourse for the first time.
Jul. 2000 Purchases all the shares in the American hinge specialist Jackson Automotive Group, Inc. This acquisition, the biggest in the Company's history, makes it the market leader for door hinges and door checks in North America too.
Apr. 2001 Established Edscha Roof Systems, Inc. in North America. By taking this strategic step, it will contribute its experience in the development and supply of complete roof systems to the North American market as well.
Jul. 2002 Took over German vehicle developer, IVM Automotive.
May 2003 The extraordinary general meeting of Edscha AG consents to the squeeze-out and the control and profit transfer agreement with Edcar.
2004 Per the decision (through a squeeze-out) at the Annual General Meeting held on May 23, 2003, the shares of the minority shareholders (on the Commercial Register of Edscha AG) were transferred to EdCar Beteiligungs GmbH & Co. KG in January. After four years and ten months, trading in Company shares are to cease.
Sep. 2005 Sold the smallest of five business divisions, Sliding Roofs for Trucks, to a Swedish manufacturer of trailer couplings for trucks.
Mar. 2007 Sold its Vehicle Design division (IVM Automotive) in order to concentrate on its core business in body components and convertible roof systems.
Aug. 2009 Sold its convertible Roof Systems Business unit to Webasto.
Oct. 2009 Sold its Body Components Business Unit to Gestamp Automocion.
Nov. 2012 Formed a joint venture called "Edscha-AAPICO Automotive Co., Ltd." with Malaysian supplier AAPICO Hitech.
Dec. 2012 Announced to acquire FPS Kunststofftechnik GmbH, based in Halver, Germany, and Friedhelm Piepenstock GmbH, based in Schalksmuhle, Germany.
Jul. 2013 Began operations of joint venture plant Edscha PHA Ltd., Asan, formed with Pyeong Hwa Automotive (PHA).
Sep. 2013 Opened new plant in Kunshan, Jiangsu Province, China, called Edscha Automotive Components Kunshan Co. Ltd.
Mar. 2016 Opened Togliatti plant, its fourth plant in Russia.
Jun. 2016 Began construction of new plant in the city of San Luis Potosi, Mexico.

Supplemental Information 1

>>>Business Report up until FY 2011
>>>Business Report up until FY 2014

Note: A figure in brackets ( ) indicates a loss