TI Fluid Systems Plc. (Formerly TI Automotive Limited)
Company Profile
Business Overview
-The Company is a leading global manufacturer of fluid storage, carrying, delivery, and thermal management products and systems for all vehicle types, from internal combustion engines (ICE) to battery electric vehicles (BEV).
-The Company is the number one supplier of brake and fuel lines, the third supplier of plastic fuel tanks, and the top five supplier of thermal management.
-The Company is organized into two operating divisions
Business Division | Activities |
Fluid Carrying Systems | Develops and manufactures brakes, fuel lines and bundles, thermal management fluid systems, battery coolant lines, powertrain components, and quick-connectors. |
Fuel Tank and Delivery Systems | Develops and manufactures plastic fuel tanks, filler pipes, pumps, modules and level sensors. |
Shareholders
-The Company's shares are listed on the London Stock Exchange. The Company held its IPO on October 24, 2017.
Products
Fluid Carrying Systems
Brake, fuel lines and chassis bundles
-Double-wall steel tubing for fuel and brake lines
-Single-wall steel tubing for fuel and brake lines
-Multilayer nylon tubing
-Tank top lines
-ABS/ESP bundles
-Heated nylon lines for SCR systems
-Vacuum booster lines
-Brake and fuel bundles
-Exhaust treatment lines
-Quick connectors
-Sensor-integrated quick connectors
Powertrain products
-Gasoline direct injection lines and rails
-High-pressure diesel lines and rails
-Exhaust treatment tubes and pipes
-Engine oil feed and return lines
-Vacuum and ventilation tubes
-Heating and cooling lines
-Power steering tubes
-Transmission tubes
-Turbocharger cooling lines
-Engine oil screens
-Engine oil gauges
-Airbag tubes
Thermal products
-Air-conditioning tubes and hose assemblies
-Accumulators and receiver dryers
-Coaxial or tube-in-tube assemblies
-Heaters and radiator hoses
-Plastic thermal systems for lithium-ion battery packs
-Autonomous thermal plastic lines
-Chassis thermal plastic manifolds
Fuel Tank and Delivery Systems
Tank systems
-Plastic fuel tanks for gasoline, diesel and flex-fuel vehicles
-Plastic fuel tanks for low emission vehicles
-Plastic fuel tanks for Partial Zero Emission Vehicles (PZEV)
-Pressured fuel tank systems for hybrid vehicles
-Delivery and return components
-Plastic fuel filler tubes
Fluid delivery products
-Brushed and brushless pumps
-Dual-channel single stage pumps
-Fluid delivery modules
-Brushless fuel delivery module
-Electronic controls
-Contact-resistive, noncontact piezo and sealed level sensors
-Diesel additive dosing systems
History
1919 | Established as Tube Investments Ltd. in Birmingham by the consolidation of four steel tube manufactures. |
1982 | Name was changed to TI Group |
1988 | Bundy Corp became a subsidiary of TI Group. |
Apr. 1999 | Walbro became under the control of TI Group. And TI Group integrated Walbro with Bundy and formed TI Automotive. |
Dec. 2000 | The Company, as well as its Group was merged into Smiths (then Smiths Industries) as Automotive Systems Division. |
Jul. 2001 | The Company was spun off from Smiths and became an independent. |
Jun. 2015 | The Company was acquired by Bain Capital, a leading global private investment firm. |
Feb. 2016 | Acquired Millennium Industries Corporation, a U.S.-based producer of powertrain products for the automotive industry. |
Oct. 2017 | Successfully completed IPO under the name TI Fluid Systems plc, and thus enabled its shares to be listed on the London Stock Exchange. |
Apr. 2016 | Opened brake manufacturing facility in Monterrey, Mexico. |
Jun. 2016 | Opened a third fuel tank systems production facility in Baoding, Hebei Province, China. |
May 2019 | Changed its corporate name from TI Automotive to TI Fluid Systems. |
2021 | Acquisition of 100% of Hanil Tube Corporation located at Korea. |
Apr. 2022 | Opened new e-Mobility Innovation Centre in Rastatt, Germany. |
2023 | Opened new e-Mobility Innovation Centers (eMICs) in Nagoya (Japan) and Incheon (South Korea). |
Oct. 2023 | The company’s 4th e-Mobility Innovation Center (eMIC) was opened in Jiading, Shanghai (China). |
Nov. 2023 | Acquired Hungarian-based Cascade Engineering Europe (CEE). |
Supplemental Information 1
Acquisitions
1987 | Armco Inc's European tubing business Fulton (UK) from ITT (outstanding 49%) |
1987 | Bundy Corporation (USA) |
1991 | Huron Products Industries (USA) |
1996 | Technoflow Tube Systems (Germany) Bundy Asia Pacific (outstanding 50%) |
1998 | S&H Fabricating and Engineering (USA) |
1999 | Kenmore Italiana (Italy) Walbro Corporation (USA) Marwal (outstanding 51%) Creation of TI Group Automotive Systems |
2000 | TI Group merges with Smiths Industries to create Smiths Group plc. |
2001 | Creation of TI Automotive Ltd by demerger of automotive division from Smiths Group. |
2003 | Acquired Pierburg Fuel Pumps (Germany). |
2007 | Sold Industrial Group. |
2007 | Smiths sold its ordinary equity and preference shareholdings to a consortium of funds managed by Oaktree Capital Management LP and Duquesne Capital Management LLC. |
2008 | Moved the headquarters of its Global Fluid Carrying Systems division from Warren, Michigan, U.S., to Heidelberg, Germany. |
2010 | Acquired full ownership of Japan-based Mitsuba Walbro Inc. (MWI) by purchasing the remaining shares. |
2016 | Acquired Millennium Industries Corporation, a U.S.-based producer of powertrain products for the automotive industry. |
2021 | Acquired Hanil Tube Corporation |
2023 | Acquired Hungarian-based Cascade Engineering Europe (CEE) |
>>>Business Report up until FY ended Dec. 31, 2009
>>>Business Report up until FY ended Dec. 31, 2017
>>>Business Report up until FY ended Dec. 31, 2018
>>>Business Report up until FY ended Dec. 31, 2019
>>>Business Report up until FY ended Dec. 31, 2020
>>>Business Report up until FY ended Dec. 31, 2021
>>>Business Report up until FY ended Dec. 31, 2022
Note: A figure in brackets ( ) indicates a loss