Company Name
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Cooper-Standard Holdings Inc.
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Headquarters:
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39550 Orchard Hill Place Drive, Novi, Michigan 48375, USA
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Homepage:
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http://www.cooperstandard.com
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Business Segment :
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-A manufacturer of fluid handling, body sealing, and Anti-Vibration Systems (AVS) components, systems, subsystems, and modules, primarily for use in passenger vehicles and light trucks for global OEMs and replacement markets.
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Products:
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Body& Chassis Products Body Sealing Dynamic Seals -Door Seals -Body Seals -Hood Seals -Trunk Lid Seals and Lift Gate Seals -Lower Door Seals/Rocker Seals -Sunroof Seals
Static Seals -Belt Line Seals -Glass Run Assembly -Quarter Window Trim/Glass Encapsulation
Convertible seals -Sealing materials for convertible vehicle soft top
AVS Body/Cradle Mounts -Hydro Body Mounts
Powertrain Mounts -Transmission Mounts -Torque Link -Hydro Engine Mounts
Suspension -Hydrobushing -Mass Damper
Fluid Handling Products Thermal Management -Engine oil cooling subsystems with over molded connections -Engine oil cooler tube and hose assemblies -Engine oil cooling quick connects -Electro/mechanical water valves and pumps -Coolant subsystems -Radiator and heater hoses -Transmission oil cooling subsystems -Transmission oil cooler tube and hose assemblies -Engine oil level indicator tube assemblies -Integrated thermostats and plastic housings -Bypass valves -Auxiliary oil coolers
Fuel & Brake -Fuel supply and return lines -Fuel/Vapor quick connects -Fuel/Vapor lines -Flexible brake lines -Vacuum brake hoses
Emissions Management -Fully integrated exhaust gas recirculation modules -EGR coolers and bypass coolers -Exhaust gas recirculation tube assemblies -Exhaust gas recirculation valves -DPF lines -Secondary air tubes
Power Management -High pressure roof lines -Hydraulic clutch lines -Power steering pressure and return lines -Air bag tubes
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Customers:
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Ford Motor Company, General Motors (GM), Fiat, Volkswagen, Audi, Chrysler, Volvo, Citroen, Renault, Peugeot, Visteon Corp., Skoda, Daimler, Porsche, Saab, Land Rover, Nissan, Opel/Vauxhall, BMW, Mercedes-Benz, Renault Nissan Group, PSA Peugeot Citroen, Honda, Toyota
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Number of Employees:
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Approx. 19,000 employees (As of Dec. 31, 2010)
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Shareholders :
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Principal shareholders are The Cypress Group L.L.C. and Goldman Sachs Group Inc. (each owns approximately 49.1%)
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Board Member :
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James S. McElya (Chairman and CEO)
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Business Highlights :
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Financial Overview
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(in million dollars)
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FY2010
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FY2009
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Rate of change (%)
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Factors
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Sales
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2,414.1
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1,945.3
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24.1
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A significant increase in volume
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Operating profit
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142.2
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(344.1)
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-
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-
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-The Company announced that the United States Bankruptcy Court confirmed its Plan of Reorganization, paving the way for the Company to exit Chapter 11 in late May, 2010. Cooper-Standard and its U.S. subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in August, 2009. The Company's Canadian subsidiary, Cooper-Standard Automotive Canada Limited, also sought relief under the Companies' Creditors Arrangement Act in Canada in August 2009. The emergence of the Canadian unit is expected to occur prior to that of US operations. (From a press release on May 12, 2010)
-Cooper-Standard Automotive Espana SL, a Spanish unit of Cooper-Standard Holdings, announced that it will close its plant in Getafe, Madrid, Spain, partly due to the continued deterioration of the automotive industry. The Getafe operation manufactures fuel and brake products, such as brake boosters, vapor and clutch lines, and water valves. The closure is slated to be complete by August - September 2010. (From a press release on March 2, 2010)
-In 2010, the Company sold its tube manufacturing plant in Archbold, Ohio to Sanoh Industrial Co., Ltd. for approx. 4 million dollars.
Awards -Nissan North America, Inc. honored the Company with the 2010 Most Improved Supplier Quality Award and the Zero Defects Certificate. Cooper Standard provides systems for body sealing, anti-vibration, fuel, brake and emissions, and thermal management for Nissan vehicles. (From a press release on September 23, 2010)
R&D
R&D Expenditures
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(in million dollars)
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FY2010
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FY2009
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FY2008
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Overall
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68.8
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62.9
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81.9
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R&D Structure
-The Company operates nine design, engineering, and administration facilities throughout the world and employs 465 research and development personnel, some of whom reside at customers' facilities. The Company utilizes Design for Six Sigma and other methodologies that emphasize manufacturability and quality.
Product Developments
-Materials that are lighter weight and made of recyclable materials -Thermal management solutions for cooling electric motors and batteries for new hybrids -Noise transmission isolation and abatement via vehicle windows and doors -Isolation of fuel injectors on fuel rails -Noise and vibration free coolant pumps and valves etc.
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Facilities :
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As of December 31, 2010, its operations were conducted through 75 facilities in 18 countries.
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Employees :
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DEC. 2010
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DEC. 2009
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DEC. 2008
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Total
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Approx. 19,000
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Approx. 17,800
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18,046
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Sales Data:
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FY2010
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FY2009
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FY2008
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FY2007
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Net Sales
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2,414.1
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1,945.3
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2,594.6
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2,511.2
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Sales by Segment of Total Corporate Revenue
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(%)
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FY2010
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FY2009
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FY2008
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Body & Chassis
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66
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65
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66
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Fluid handling
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34
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35
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34
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Total
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100
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100
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100
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Sales by Geographic Area
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(in million dollars)
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FY2010
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FY2009
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FY2008
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United States
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659.2
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516.4
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668.5
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Canada
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244.9
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175.7
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304.7
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Mexico
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344.1
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218.2
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271.3
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Germany
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267.7
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277.9
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440.4
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Other
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898.3
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757.1
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909.8
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Total
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2,414.1
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1,945.3
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2,594.6
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Source :
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http://www.cooperstandard.com
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