BENTELER. Internationalization of the company. International Trade Environment. Klára Třmínková Veronika Ženatá Adriana Šilarová

Transcription

1 BENTELER Internationalization of the company International Trade Environment Klára Třmínková Veronika Ženatá Adriana Šilarová

2 Content Profile of Benteler Corporate Products History Regions Internal components supplies Customers Taxes Transfer pricing

3 Profile of Benteler Holding Company Resource:

4 Resource: Profile of Benteler - overview

5 Resource: Profile of Benteler - overview

6 Products - Automotive Resource:

7 Resource: Products - Steel/Tube

8 Resource: Products of Benteler Distribution

9 Products - Glass Processing Equipment Resource:

10 History - expansion Resource:

11 Resource: History

12 Resource: Regions worldwide

13 2. USA, Mexico ( ) - light weight construction, - steel/aluminium 4. NEE Europe ( ) - chassis, aluminium welding, safe components for cars Germany- home ( ) - modules, engines - headquarters 5. Brazil (1995, 2005, 2014, 2016) - completation of powetrain, 3. Southern Europe ( ) - special technologies - 3D lasers, hydraulic presses... Resource: 6. Asia ( ) - axles, hot/cold forming,-just-in-time delivery

14 Source: Benteler annual report 2015 Revenues

15 Joint ventures/m&a joint venture in Padeborn SGL Carbon Company and Benteler Automotive golas: develop, produce components based on carbon fiber reinforced composites Each company has a 50 % stake acquisition in Oslo Benteler Automobiltechnik and Benteler AG, acquired automotive business of Norsk Hydro goals: manufacturer and supplier of aluminum and aluminum products

16 Outsourcing o IT o Transportation o Education and development of employees o Recruitment agencies o Assessment center o Verification of quality certificates o Financial services and law o Canteen, cleaning, etc.

17 Internal components supplies optimization of the internal capacity utilization retention of income and contribution margins technical development prices and technical quality internal sales price: cost prices plus 3 % profit or plus 5 % (Benteler Engineering Services Division)

18 Germany - engine applications, front and rear suspension modules, coolers and rails, exhaust, chassis and structural components, safety components - steel, aluminium, lightweight solutions, high-strength and ultra-high-performance steels - just-in-time production, inspection, joining Austria - structural, design components, chassis and crash relevant components - fiber-reinforced plastics - development

19 UK - assemblies for premium market - steel - surface coating Belgium - front, rear and corner modules for the premium vehicles - inspection Czech Republic - chassis parts, light-weight structures, body structure parts - steel and aluminium - inspection, design proposals - premium vehicles with highest quality requirements

20 Russia - module assembly plant producing just-in-time chassis Slovakia - structural components Hungary - engine and exhaust system products for premium vehicles - fuel and air-water-oil applications Norway - bumper systems for premium and high volume vehicles - aluminum profile based parts Sweden - crash boxes and management systems for premium vehicles - aluminium

21 Denmark - designing complex aluminium parts - high- and low volume production Poland - chassis and frontend modules South Africa - chassis and structural components local market - hot forming Spain - chassis and structural components, rear axles, front struts and IP-supports - cold and hot hydraulic presses, 3D-laser automatic cutting, hot forming

22 Portugal - IP-supports, front and rear bumpers, front and rear axles France - IP-supports, bumpers and components, crash boxes, battery trays, chassis components - hydraulic presses - aluminium Turkey - vehicle body structures - steel, aluminium

23 USA - chassis and structural components, light weight thermal management systems, energy and crash management systems, front and rear bumpers and IP-supports - premium vehicles Mexico - chassis and powertrain modules, structures, engine & exhaust systems and defense components - highly sophisticated manufacturing cells - cold formed and welded parts by steel or aluminum

24 Brasil - complete powertrain for premium vehicles, wide range of products - cold and hot formed parts to modules China - chassis and structural components, front and rear axles just-intime - hydroforming, cold and hot forming, laser cutting - aluminium parts India - chassis and structural components

25 just-in-time production Summary Western, Eastern Europe: - technology, inspection, design - chassis and structural components - steel, aluminium Northern Europe: - bumper, crash systems for premium vehicles - aluminium Southern Europe: - front and rear axles, IP-supports, bumpers - aluminium

26 Summary North America Mercosur Asia Pacific - just-in-time operations - wide range of products - technology - independent units - aluminium, steel

27 Resource: vlastní úprava

28 The most important customers one of parts in 20% of all cars manufactured in Germany, 40% of all cars manufactured in the UK

29 TARIC Section XV: Base metals and articles of base metal Articles of iron or steel Goods are subject to VAT standard rate Importing from outside the EU is subject to a third country duty of 3.70 % unless subject to other measures

30 Import measures and restrictions (Goods nomenclature code: ) ERGA OMNES Canada, China, India, Russian Federation, United States of America, Brasil - VAT standard rate - tax value 3,5 % (standard) European Economic Area Norway, (EU) - tariff preference - 0 % tax value Mexico, South Africa - tariff preference - 0 % tax value Turkey - Customs Union Duty - 0 % tax value

31 Export measures and restrictions no measures for this commodity on this date

32 Taxes risks more agrressive focus on multinational companies (intercompany transfers) extensive and strict transfer pricing regulations possible problems arrising from not respecting regulations: o increasing local taxes o potential double taxation o penalties o long-term problems with relatioships with tax authorities o time and costs

33 Transfer pricing Benefits complex intercompany transfer pricing system system is easy to control, transparent for audits reduction of negotiation proces because of fair prices gathering informations about business identifying tax and commercial opportunities

34 Future plans & investments China 2025: 2025: 2020: 30% generated by China 50% of world s vehicles produced in Asia region 5 more subsidiaries in China USA investment in Louisiana - Stell/Tube (1.) hot rolling mill

35 Trade Threats high import tariffs on Mexico production to USA price production increase find new sales market unclear future in terms of relatioship with other USA car producers corporate tax increase in the USA

36 Sources Benteler annual report 2015 Benteler Automotive Regions Benteler Internal component supplies between the divisions Benteler Guideline for Transfer Pricing within Benteler Automotive Division &Lang=en&GoodsText=&Domain=TARIC&MeasText=&Offset=0&Area=&Sho wmatchinggoods=&expandall=&callbackuri=cbu- 1&LangDescr=cs&SimDate=

37 Thank you for your attention!