Woodbridge Foam Corporation
Company Profile
■URL
http://www.woodbridgegroup.com
■Address
Business Overview
-The Company supplies urethane and bead foam technologies to serve the automotive and commercial vehicle industry as well as several other business sectors around the world.
-The Company manufactures seat cushions, frames, head restraints, arm rests, headliners, acoustic insulators, cargo systems and safety components.
-Proseat, a foam seating pad manufacturer that represents the Company in Europe, is a joint venture between the Company (49%) and Recticel (51%).
Products
Seat cushioning - ComforTech
-ComfortSense: Textured surface seat cushioning
-TrimVisible: Foam product which provides finished trim appearance
-VibControl: Vibration management foam
-ComforTechLE: Low emission interior foam components
-WNV: Technology for venting polyurethane seat cushions
-GreenLite: Lightweight materials such as BioFoam renewable polyurethanes
-Adaptipedic: Adaptive comfort and support foam
-ComfortSense Ventilated: Climate control seat cushioning
Seat frame components - StructureLite
-Seat cushions
-Seat backs
-Bolsters
Interior soft trim - TrimTech
-IntelliSense: Head restraints
-ComfortZone: Dual hardness head restraints
-DecoSkin: Surface treated adjustable firmness foam core
-TrimLine: Thin profile foam components
-TrimStyle: Geometrically complex foam components
-HeadSmart: Head restraint movement mechanisms
Occupant safety components - Enerflex
Noise/Vibration/Harshness solutions - WhisperTech
Cargo management components - CargoSmart
-Storage bins
-Convenience trays
-Customized tool caddies
-Deck lids
-Load floors
Composite sheet foam products - Stratas
-StrataCore: Composite board substrate foam
-StrataLiner: Lightweight composite board
-StrataPlush: Coverstock laminate foam
-StrataBond: Laminated foams and fabrics
-StrataTrim: Formed interior components
-Headliner substrates
-Load floors
-Package trays
-Seatback panels
History
| 1978 | Began its business as the Woodbridge Foam Corporation, a privately owned Canadian supplier created by the purchase of the polyurethane foam division of the Monsanto Corporation in Woodbridge, Ontario, Canada. |
| Early 1980s | Experienced growth primarily through acquisitions. |
| Late 1980s | Expanded further by building new facilities strategically located near the Company's customers. |
| Mar. 1999 | Group and Poliuretanos S. W., de C. V. announced the expansion of their Joint Venture with the addition of a third manufacturing facility in Mexico. |
| Apr. 1999 | Opened manufacturing facility in Sarnia, Ontario, Canada. |
| Sep. 1999 | Signed contracts with the Belgian Group, Recticel. Recticel will have a 51% stake in the manufacturing joint venture and the Company will have 49%. |
| Feb. 2000 | Acquired the Morval division of PFB Corporation of Calgary Alberta for CAD 17 million. |
| Mar. 2001 | Woodbridge and its European partner Recticel will together acquire 50% of Gestind. |
| May 2001 | Signed a letter of intent to enter into a Joint Venture with Technicon Industries Inc. of North Carolina. |
| Jan. 2005 | New address of Automotive Headquarters. |
| Sep. 2005 | Established a joint venture in China with Chinese company called GSK. |
| May 2007 | Johnson Controls (JCI) joined with Proseat (a joint venture between Recticel and the Company) to set up a new manufacturing joint venture for the production of molded foam seating cushions in Slovakia and Poland. |
| Nov. 2007 | The Group and Inoac Corp. announced to establish four joint venture companies in North America. |
| Jul. 2008 | Proseat (joint venture with Recticel S.A.) has signed an agreement for the takeover of all the shares of Indepol, a Spanish moulded foam manufacturer. |
| Jul. 2011 | The Company and Wuxi Jixing Auto Parts Co., Ltd. announced that they have agreed to form a joint venture "Wuxi Woodbridge Jixing Advanced Polymer Technology Co, Ltd." in China. |
| Aug. 2011 | The Company and the Summa Group announced the expansion of their partnership, with the establishment of a joint venture "DuraLite Formed Plastics" in Leon, Mexico. |
Supplemental Information 1
>>>Business Report up until FY ended Dec. 31, 2009
>>>Business Report up until FY ended Dec. 31, 2011
>>>Business Report up until FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss