Samvardhana Motherson Peguform (Formerly Peguform GmbH & Co. KG)

Company Profile

■URL

http://www.smp-automotive.com/

■Address

Schlossmattenstrasse 18, 79268 Boetzingen, Germany

Business Overview

-The Company is a manufacturer of polymer-based components and modules for vehicle interiors and exteriors.

-In 2011, the Company was acquired by the Samvardhana Motherson Group based in India. The Company is an independently organized business division of the Samvardhana Motherson Group and continues operations from its headquarters in Boetzingen, Germany. 

JV Partners

  • Sumitomo Wiring Systems (Japan)
  • Vacuform 2000 Pty Ltd (South Africa)
  • Changshu Automobile Interior Decoration Co., Ltd. (China)
  • Blanos Partners S.L. (Spain)
  • Nippon Pigment (S) Pte. Ltd. (Japan)
  • Toyota Tsusho Corporation (Japan)
  • Eissmann Automotive (Slovakia)



Shareholders

-Unlisted company (As of Mar. 31, 2016)
Shareholders Investment ratio (%)
Samvardhana Motherson Automotive Systems Group B.V. 100.0

Products

Exteriors
-Front-end modules
-Front/rear bumper systems
-Rear-end modules
-Tailgate modules
-Trunk lids
-Roof modules
-Fenders
-Rocker panels
-Hoods
-Side door modules
-Structural parts
-Body panels

Interiors
-Complete cockpits
-Instrument panels
-Dashboards
-Center consoles
-Door panels
-Interior cladding
-Door trim
-Side door cladding
-Trunk trims
-Decorative trims

History

1959 The "Badischen Plastic-Werke" began producing plastic products of all kinds, from films to household goods. After some time, bottle crates and stock containers started to bear the name "Peguform".
1972-73 After the sale of the film manufacturing division, the Company started dealing with the car industry.
1978 The "Badischen Plastic-Werke" changed its name to "Peguform-Werke AG".
1982 Physical expansion began in 1982, with the opening of new plants in Gottingen and Waldkirch.
1983 The parent company, "Pegulan AG" sold the Company to the BAT (British American Tobacco) concern.
1990 Klockner-Werke AG took over the Eurotec group, merged the Waldkircher factory with its subsidiary, Kautex AG, and acquired "Plastimat" in the Czech Republic, a main supplier of the Volkswagen brand, Skoda.
1996 Eurotec-Systemteile GmbH merged with Peguform-Werke GmbH to form the new Peguform group, consisting of Peguform Bohemia (formerly Plastimat), Peguform France, Peguform Iberica and the German Peguform GmbH. Following the global expansion of its customers, Peguform set up plants in Brazil (Peguform do Brasil), and Peguform/Hella in Mexico.
Apr. 1999 Was a part of the American "Venture Holdings Trust", an automotive systems supplier operating on a global basis.
May 2000 Acquired the automotive division of T&D Industries in Luton (GB) to form the new company Peguform UK.
Joint Venture with Matra, France.
2001 Acquired the automotive division of the Mitras group. This refers to two plants in Germany and one plant in the Czech Republic.
2005 Cerberus took over the Peguform Group (Germany, Spain, Mexico, Brazil) In Germany: Peguform GmbH.
Peguform France and Peguform Bohemia in the group were placed under the umbrella of a U.S. based investment fund organization, Barclays Capital Credit Suisse First Boston Harbert Distressed Investment Master Fund Yucaipa Group together with its former parent company, Venture Industries Corporation, and the company name was changed to Cadence Innovation LLC.
Mar. 2008 Took over the majority of the Changchun Peguform Automotive Plastics Technology Co. Ltd. (CPAT) -a joint venture between the Company and the Chinese Automotive Supplier CAIP
Oct. 2008 Polytec Holding AG acquired the Company from Cerberus Capital Management L.P.
Aug. 2009 Pierer Knunz Group of Austria acquired the Company from Polytec Holding AG.
2011 Samvardhana Motherson Group acquired 80% of shares in the Company on Nov. 23, 2011.
Apr. 2014 Entered a joint venture with Eissmann Automotive to produce leather covers for interior components in Slovakia.
Jul. 2015 Announced to construct a production facility in Kecskemet, Hungary.
Jul. 2015 Completed a new workshop at the German head office in Boetzingen.Germany.
Aug. 2015 Announced to build a new factory in Tuscaloosa, Alabama, U.S.

Supplemental Information 1

>>>Business Report up until FY 2010
>>>Business Report up until FY ended Mar. 2015

Note:
-A figure in brackets ( ) indicates a loss
-All financial figures given in this profile are based on information released by Motherson Sumi Systems Limited.