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Valeo

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For other uses, see Valeo (disambiguation).
Valeo S.A.
Company typeSociété Anonyme (Euronext: FR)
ISINFR0013176526 Edit this on Wikidata
IndustryAutomotive industry
Founded1923
HeadquartersParis, France
Key people
Jacques Aschenbroich (CEO), Pascal Colombani (Chairman)
ProductsAuto parts
Revenue€ 10.9 billion (2011)[1]
406,000,000 Euro (2021) Edit this on Wikidata
€ 427 million (2011)[2]
Number of employees
68 000 (Décember 2011)[3]
Websitewww.valeo.com

Valeo is a French automotive components manufacturer.

History

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 10-years-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

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]

  1. Comfort and Driving Assistance Systems:
    • Interior Controls (VIC);
    • Security Systems (VSS);
  2. Powertrain Systems:
    • Engine and Electrical Systems (VEES);
    • Transmissions (VT);
  3. Thermal Systems:
    • Climate Control (VCC);
    • Engine Cooling (VEC);
    • Compressors (VC);
  4. Visibility Systems:
    • Wiper Systems (VWS);
    • Lighting Systems (VLS)

Going abroad

  • In 2005, Valeo launched a software services center in Egypt, under the name of VIAS (Valeo Interbranch Automotive Software) - now as Valeo Egypt. This center provides all software services for all Valeo branches, also it applies state of the art software development technology along with the needed validation and testing tools for other Valeo branches.

In addition, Valeo Service supplies aftermarket products to professionals.

CEOs

The 5 Axes

Valeo has designed the 5 Axes methodology, which is the backbone of the firm’s identity. Its aim is to satisfy the customer by achieving zero quality incidents, whichever the product and wherever it is manufactured. The 5 Axes are:

  • Involvement of personnel;
  • Production system;
  • Supplier integration;
  • Constant innovation;
  • Total quality.

Competition

Main competition comes from Bosch, Delphi, Denso, TRW, Behr and Visteon.

Alternative propulsion

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.

Key economic figures[10]

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[11]
Breakdown of sales by Business Group[12]
  • 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%[13]

Present in 28 countries, the Group employs 68,000 people at 124 production sites, 21 Research centers, 40 Development centers and 12 distribution platforms[14].

References

  1. ^ Annual report 2011
  2. ^ Annual report 2011
  3. ^ Valeo global presence 2011
  4. ^ http://www.liberation.fr/societe/010160960-conde-sur-noireau-ravage-par-un-siecle-d-amiante
  5. ^ http://www.lexpress.fr/actualite/politique/amiante-le-medecin-du-travail-mis-en-examen_468056.html
  6. ^ http://www.mayenne.pref.gouv.fr/communiques-63-installation-de-la-commission-pour-la-mise-en-securite-du-site-de-rochefort-a-andouille.php
  7. ^ Valeo global presence 2011
  8. ^ http://www.valeo.com/en/home/the-group/product-families.html
  9. ^ Micro-Hybrid Segment in Start Mode
  10. ^ http://www.valeo.com/en/home/investor-relations/key-figures.html
  11. ^ Annual report 2011
  12. ^ Annual report 2011
  13. ^ Annual report 2011
  14. ^ Valeo global presence 2011

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Valeo&oldid=507859980"