December 22, 2014 3:59 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 Operating Officer
Senior Vice President of Operations-Nafta & Mercosur
Senior Vice President of Operations-Europe/Far East Technical & Production
Vice President of Human Resources
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.

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