Valeo
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| Type | Société Anonyme |
|---|---|
| Traded as | Euronext: FR |
| Industry | Automotive industry |
| Founded | 1923 |
| Headquarters | Paris, France |
| Key people | Jacques Aschenbroich (CEO), Pascal Colombani (Chairman) |
| Products | Auto parts |
| Revenue | € 10.9 billion (2011)[1] |
| Profit | € 427 million (2011)[2] |
| Employees | 68 000 (Décember 2011)[3] |
| Website | www.valeo.com |
Valeo is a French automotive components manufacturer.
Contents |
History[edit]
The Société Anonyme Française du Ferodo was founded in 1923 in Saint-Ouen, a suburb of Paris. It first distributed brake linings and clutch facings under license of Ferodo UK. The society engaged in a diversification in the 1960s by producing braking systems (1961), thermal systems (1962), and lighting systems (1970), and electrical systems (1978). In May 1980, the company was renamed Valeo, which means “I am well” in Latin.
Valeo then engaged in an aggressive strategy of expansion, through many international acquisitions. Today, Valeo is organised into four Business Groups. Recent acquisitions include the engine electronics division of Johnson Controls in France.
Valeo as a corporation, as well as its directors and its own corporate doctor, have been indicted after a decade-long penal procedure in 2006 for homicide, unintentional injury, and failure to assist a person in danger regarding a century-old scandal over asbestos where hundreds of employees have died. [4] [5]
The Valeo Group set up high health-security standards since then and has been thoroughly monitoring employees and retired personnel. This policy has been ratified in a national agreement with the French government in April 2009. [6]
Organisation[edit]
At the end of 2011, the Group Valeo is present in 28 countries, employs 68 000 people, at 124 production sites, 21 Research centers, 40 Development centers and 12 distribution platforms.[7]
The Valeo Group is organized into 4 Business Groups and 9 product families:[8]
- Comfort and Driving Assistance Systems:
- Interior Controls (VIC);
- Security Systems (VSS);
- Powertrain Systems:
- Engine and Electrical Systems (VEES);
- Transmissions (VT);
- Thermal Systems:
- Climate Control (VCC);
- Engine Cooling (VEC);
- Compressors (VC);
- Visibility Systems:
- Wiper Systems (VWS);
- Lighting Systems (VLS)
Alternative propulsion[edit]
Valeo is a leader in the segment with its StARS micro-hybrid system.[9][citation needed] although several other suppliers are offering and delivering a comparable solution done with reinforced starters and alternators.
Financial statisitics[edit]
- Sales (millions)
- 2004: €9,229
- 2005: €9,933
- 2006: >€10,000
- 2007: €9,689
- 2008: €8,677
- 2009: €7,499
- 2010: €9,632
- 2011: €10,868[10]
- Breakdown of sales by Business Group[11]
- Powertrain Systems: 29%
- Thermal Systems: 28%
- Comfort and Driving Assistance Systems: 20%
- Visibility Systems: 23%
- Operating margin (in % of sales)
- 2007: 3.6%
- 2008: 2.6%
- 2009: 1.8%
- 2010: 6.4%
- 2011: 6.5%[12]
References[edit]
- ^ Annual report 2011
- ^ Annual report 2011
- ^ Valeo global presence 2011
- ^ http://www.liberation.fr/societe/010160960-conde-sur-noireau-ravage-par-un-siecle-d-amiante
- ^ http://www.lexpress.fr/actualite/politique/amiante-le-medecin-du-travail-mis-en-examen_468056.html
- ^ http://www.mayenne.pref.gouv.fr/communiques-63-installation-de-la-commission-pour-la-mise-en-securite-du-site-de-rochefort-a-andouille.php
- ^ Valeo global presence 2011
- ^ http://www.valeo.com/en/home/the-group/product-families.html
- ^ Micro-Hybrid Segment in Start Mode
- ^ Annual report 2011
- ^ Annual report 2011
- ^ Annual report 2011
External links[edit]
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