The Asian Supplier Report SupplierBusiness Ltd 1
Contents Overview... 9 Chapter 1: Asian Auto Parts Industry... 10 Market Overview... 10 Outlook... 13 Chapter 2: Japan... 14 Top Ten Japanese Suppliers: how did they fare over the last 12 months?... 14 No big changes... 14 The winners and losers... 15 1. Denso... 22 2. Bridgestone... 23 3: Aisin Seiki... 24 4: Asahi Glass... 25 5: Toyota Boshoku... 26 6: JTEKT... 27 7: NSK... 28 8: Calsonic Kansei... 29 9: Hitachi... 30 10: Toyoda Gosei... 32 Chapter 3: China... 33 Eastern China... 37 Coastal Bohai area... 38 North-eastern region... 38 Zhu River Delta... 38 Chapter 4: India... 39 Overview... 39 Structure of Indian Auto Components Industry... 41 India Automotive Clusters... 42 Chapter 5: South Korea... 46 Industry Overview... 46 Industry Structure... 46 Outlook... 47 Chapter 6: ASEAN... 49 Thailand... 50 Indonesia... 51 Malaysia... 52 Other countries... 53 Conclusion... 54 SupplierBusiness Ltd 3
Chapter 7: Taiwan... 55 Trouble in North American and European automotive market: Boon for Asian market. 55 Aftermarket: Growing and growing... 56 Proximity to Chinese Market: an important factor... 56 Automotive Electronics: The next big thing... 57 From Aftermarket (AM) to Original Equipment (OE) market: Focus on R&D... 57 Challenges ahead... 58 Chapter 8: Company Profiles... 59 Aichi Machine Industry... 60 Aichi Steel Corporation... 65 Aisan Industry... 70 Aisin Seiki... 75 Akebono Brake... 81 Alpine Electronics... 86 Amtek Auto... 91 ArvinMeritor... 95 Asahi Glass... 100 Ashimori Industries... 105 Autoliv... 109 Bharat Forge... 113 Behr... 118 Benteler... 122 BorgWarner... 126 Bosch... 133 Bridgestone... 139 Calsonic Kansei... 146 Clarion... 151 Continental... 156 Chuo Spring... 161 Cooper Standard Automotive... 165 Cooper... 170 Daewon Kang Up... 174 Dana... 178 Delphi... 182 Denso... 188 Dicastal... 194 Dongfeng Motor Co Ltd, Parts and Components Business Unit... 198 Eaton... 201 Eberspächer... 206 Faurecia... 210 Federal-Mogul... 215 Freudenberg... 220 Fuji Kiko... 225 Futaba Industrial... 229 Georg Fischer... 234 GKN... 239 Goodyear... 244 GS Yuasa... 249 Hankook Tire... 253 Harman... 257 Hi-Lex... 261 Hitachi... 265 Hydro Aluminium... 270 Hyundai Mobis... 275 Ichikoh Industries... 280 SupplierBusiness Ltd 4
Jay Bharat Maruti... 285 Johnson Controls... 289 Johnson Matthey... 293 JTEKT... 297 Jui Li... 301 Kayaba Industry... 305 Keihin... 309 Knorr Bremse... 314 Koito Manufacturing... 318 Kolbenschmidt Pierburg... 323 Kumho Tire... 327 Lear... 331 Lumax Industries... 337 Magna... 341 Mahle... 347 Mando Corporation... 352 Michelin... 357 Mikuni Corporation... 361 Mitsuba... 365 Mitsubishi Electric Corporation... 370 Modine... 375 Murakami Corporation... 380 Nachi-Fujikoshi... 384 NGK Spark Plug... 389 NHK Spring... 393 Nippon Sheet Glass... 398 Nishikawa Rubber... 403 NOK Corporation... 407 NSK... 411 NTN... 416 Panasonic Automotive... 421 Pioneer... 425 Press Kogyo... 431 Remy International... 436 Rico Auto... 441 Rieter... 445 Saint-Gobain... 450 SL Corporation... 454 Sanden Corporation... 458 Shiroki... 463 Showa Corporation... 468 Siemens VDO Automotive... 473 Financial Analysis... 475 SKF... 477 Stanley Electric... 482 Sumi Motherson... 488 Sumitomo Electric... 492 Sumitomo Rubber Industries... 497 Sundram Fasteners... 503 Tachi-S... 508 Takata Group... 513 Tenneco... 517 Thai Summit Group... 522 ThyssenKrupp... 526 TI Automotive... 531 Tokai-Rika... 535 SupplierBusiness Ltd 5
Topy Industries... 540 Toyoda Gosei... 544 Tower Automotive... 549 T. Rad... 553 TRW Automotive... 557 Univance... 562 Valeo... 566 Visteon... 572 Wanxiang Group Corporation... 577 Yokohama Rubber... 581 ZF... 587 SupplierBusiness Ltd 6
List of Figures Figure 1: Car Sales by Region (2000-2009)... 10 Figure 2: Investment Trend Global Auto Parts Manufacturers... 11 Figure 3: Passenger Car Stock per 1000 People (2004)... 12 Figure 4: Change in Global Share of Auto Parts Factory Sales (CAGR 2003-2010, %)... 13 Figure 5: Yazaki sales (2001-06)... 16 Figure 6: Operating Profit Margin of the top ten in Japan (2006-07)... 17 Figure 7: R&D as percentage of total sales... 18 Figure 8: Asia sales as a percentage of total sales... 19 Figure 9: Denso Regional Operating Profit Margins... 22 Figure 10: Bridgestone Sales vs Operating Margins... 23 Figure 11: Aisin Seiki Breakdown of sales by customer excluding Toyota Group (%)... 24 Figure 12: Asahi Glass Sales and Glass sales... 25 Figure 13: Toyota Boshoku Sales by product... 26 Figure 14: JTEKT Sales Pre & Post merger... 27 Figure 15: NSK Sales by region... 28 Figure 16: Calsonic Kansei Operating profit by region... 29 Figure 17: Hitachi Power & Industrial Systems vs Automotive Sales... 30 Figure 18: Toyoda Gosei Operating Profit Margins... 32 Figure 19: Forecasted Supplier Industry Value (1994-2007)... 33 Figure 20: India Auto Component Industry - Growth... 39 Figure 21: India Auto Component Industry Exports... 40 Figure 22: Composition of Exports from Indian component industry... 41 Figure 23: India Auto Component Industry Product Range... 42 Figure 24: Projected Auto Component Industry Turnover FY07-FY11... 45 Figure 25: Share of Passenger Car Market, Korea (2004)... 46 Figure 25: Passenger car sales in Thailand (2002-08)... 50 Figure 26: Passenger car sales, Indonesia (2002-08)... 52 Figure 27: Passenger car sales, Malaysia (2002-08)... 53 Figure 28: Auto Component exports Taiwan (1998-2004)... 55 SupplierBusiness Ltd 7
List of Tables Table 1: Forecast Growth by Country (CAGR 2005-09)... 11 Table 2: Significant Trade Agreement/Free Trade Agreements (FTA) Asia Pacific... 12 Table 3: How did the field beyond Denso change?... 14 Table 4: How did the field beyond Denso change?... 15 Table 5: Asia region sales growth for top ten Japanese suppliers... 20 Table 6: Asia region sales growth for top ten Japanese suppliers... 21 Table 7: Recent major mergers & acquisitions in the Chinese supplier industry:... 34 Table 8: Sourcing from China some recent announcements... 36 Table 9: Facts: India Automotive Industry... 39 Table 10: Geographical distribution of Indian component Industry...41 Table 11: Automotive clusters in India...44 Table 12: Sales Breakdown Korean Auto Parts Industry (in KRW)... 46 Table 13: Growth Outlook for Korea s Auto Parts Industry (in KRW 100 million, %)... 47 Table 14: Global Top 20 in Korea... 48 SupplierBusiness Ltd 8