September 17, 2014 7:02 AM ET

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Company Overview of Teksid S.p.A.

Company Overview

Teksid S.p.A. manufactures grey and nodular iron castings for the automotive industry primarily in Europe, North and South America, and Asia. It offers grey iron cylinder blocks for light vehicles, engine blocks and heads for truck engines, and exhaust manifolds; and nodular iron crankshafts, camshafts, steering knuckles, suspension arms, and differential cases. The company also produces aluminum castings, including cylinder blocks and heads, suspension components, and cam carriers. Teksid S.p.A. was founded in 1978 and is based in Carmagnola, Italy with commercial organization and liaison offices in France, Germany, China, and the United States. It also has engineering and production locati...

Via Umberto II, 5

Carmagnola, TO 10022

Italy

Founded in 1978

Phone:

39 01 19 79 41 11

Fax:

39 01 19 79 49 56

Key Executives for Teksid S.p.A.

Chief Executive Officer
Age: 65
Chief Financial Officer
Chief Operating Officer
Senior Vice President of Operations-Nafta & Mercosur
Senior Vice President of Operations-Europe/Far East Technical & Production
Compensation as of Fiscal Year 2014.

Teksid S.p.A. Key Developments

Teksid S.p.A. Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012

Teksid S.p.A. announced unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For fourth quarter, the company reported revenues of €170 million, down 22% over the prior year. At the trading profit level, there was a loss of €7 million for the quarter, compared to break-even for fourth quarter of 2011. An EBIT loss of €6 million compared with a loss of €9 million for fourth quarter of 2011. For the year, the company’s revenues totaled €780 million, down 15% over the prior year. The Cast iron business unit recorded a 16% decrease in volumes, attributable primarily to lower demand in the heavy vehicle segment in most core markets. For the Aluminum business unit, volumes were down 5% over the prior year. The company closed the year with trading profit at breakeven, compared with €26 million in 2011. The decrease was primarily attributable to volume declines. EBIT was €4 million, compared with €1 million in 2011, which included €28 million in unusual charges.

the Teksid Group Upgrades Compacted Graphite Iron Series Production Capability

The Teksid group has initiated Compacted Graphite Iron product development for commercial vehicle and industrial power cylinder head programmes at its foundry in Monclova, Mexico. In preparation for the start of series production, Teksid has ordered a full refurbishment of its existing SinterCast process control system, including an upgrade to the current System 3000 standard. The new System 3000 has been configured to accommodate future increases in the CGI production volume, including additional sampling capacity and automated base treatment by cored wire. The System 3000 will be shipped from SinterCast's Technical Centre in Sweden before year-end and installed during early 2013 to enable independent product development and series production. In response to increased CGI market demand, Teksid is also planning to install SinterCast-CGI series production capability at its foundry in Belo Horizonte, Brazil.

Teksid S.p.A. Reports Earnings Results for the Third Quarter of 2012

Teksid S.p.A. reported earnings results for the third quarter of 2012. For the quarter, the company reported revenues of €183 million, down 20% over the same period in 2011. Lower volume for the cast iron business units were partially offset by a 10% increase for the aluminum business. Trading profit totaled €1 million compared to €12 million for the same quarter in 2011.

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