DOCSLIB.ORG

Adient Annual Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Adient Annual Report 2019 Adient Annual Report 2019 Form 10-K (NYSE:ADNT) Published: November 22nd, 2019 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37757 Adient plc (exact name of Registrant as specified in its charter) Ireland 98-1328821 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 25-28 North Wall Quay, IFSC, Dublin 1, Ireland D01 H104 (Address of principal executive offices) 734-254-5000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of exchange on which registered Ordinary Shares, par value $0.001 ADNT New York Stock Exchange Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☑ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ☐ No ☑ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.: Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☑ The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 31, 2019, the last business day of the Registrant’s most recently completed second fiscal quarter, was approximately $1.2 billion. At September 30, 2019, 93,620,714 ordinary shares were outstanding. Documents Incorporated by Reference Portions of the Registrant's definitive proxy statement relating to its 2020 annual general meeting of shareholders to be held on March 12, 2020 (the "2020 Proxy Statement") are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2020 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates. Adient plc Form 10-K For the Fiscal Year Ended September 30, 2019 TABLE OF CONTENTS ITEM PAGE PART I ITEM 1 Business 4 ITEM 1A Risk Factors 11 ITEM 1B Unresolved Staff Comments 26 ITEM 2 Properties 27 ITEM 3 Legal Proceedings 27 ITEM 4 Mine Safety Disclosures 27 PART II ITEM 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 ITEM 6 Selected Financial Data 30 ITEM 7 Management's Discussion and Analysis of Financial Condition and Results of Operations 31 ITEM 7A Quantitative and Qualitative Discussions About Market Risk 53 ITEM 8 Financial Statements and Supplementary Data 55 ITEM 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 111 ITEM 9A Controls and Procedures 111 ITEM 9B Other Information 111 PART III ITEM 10 Directors, Executive Officers and Corporate Governance 112 ITEM 11 Executive Compensation 112 ITEM 12 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 112 ITEM 13 Certain Relationships and Related Transactions, and Director Independence 112 ITEM 14 Principal Accounting Fees and Services 112 PART IV ITEM 15 Exhibits, Financial Statement Schedules 113 ITEM 16 Summary 118 Signatures 119 Forward-Looking Statements This Annual Report on Form 10-K ("Form 10-K") contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as "future," "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "will," "would," "could," "can," "may," or similar terms. Forward- looking statements are not guarantees of future performance and Adient's actual results may differ significantly from the results discussed in the forward- looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient’s control, that could cause Adient’s actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the ability of Adient to effectively launch new business at forecasted and profitable levels, the ability of Adient to execute its turnaround plan, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, the impact of changes in U.S. and non-U.S. tax legislation, the ability of Adient to meet debt service requirements, terms of financing, general economic and business conditions, the strength of the U.S. or other economies, automotive vehicle production levels, mix and schedules, energy and commodity prices, the availability of raw materials and component products, currency exchange rates, the cancellation of or changes to commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. Factors that might cause differences include, but are not limited to, those discussed in Part 1, Item 1A of this Form 10-K under the heading "Risk Factors," which are incorporated herein by reference. All information presented herein is based on the Adient's fiscal calendar. Unless otherwise stated, references to particular years, quarters, months or periods refer to Adient's fiscal years ended in September and the associated quarters, months and periods of those fiscal years. Adient assumes no obligation to revise or update any forward-looking statements for any reason, except as required by law. PART I Item 1. Business On October 31, 2016, Adient plc ("Adient") became an independent company as a result of the separation of the automotive seating and interiors businesses (the "separation") of Johnson Controls International plc ("the former Parent"). Adient was incorporated under the laws of Ireland on June 24, 2016 for the purpose of holding these businesses. Adient's ordinary shares began trading "regular-way" under the ticker symbol "ADNT" on the New York Stock Exchange on October 31, 2016. Upon becoming an independent company, the capital structure of Adient consisted of 500 million authorized ordinary shares and 100 million authorized preferred shares (par value of $0.001 per ordinary and preferred share). The number of Adient ordinary shares issued on October 31, 2016 was 93,671,810. Adient is a global leader in the automotive seating supply industry with leading market positions in the Americas, Europe and China and maintains longstanding relationships with the largest global automotive original equipment manufacturers (OEMs). Adient's proprietary technologies extend into virtually every area of automotive seating solutions, including complete seating systems, frames, mechanisms, foam, head restraints, armrests, trim covers and fabrics. Adient is a global seat supplier with the capability to design, develop, engineer, manufacture, and deliver complete seat systems and components in every major automotive producing region in the world. Adient also participates in the automotive interiors market, which includes production of instrument panels, floor consoles, door panels, overhead consoles, cockpit systems, decorative trim and other automotive interior products, primarily through its joint venture in China, Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI). Adient designs, manufactures and markets a full range of seating systems and components for passenger cars, commercial vehicles and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. Adient operates in 220 wholly- and majority-owned manufacturing or assembly facilities, with operations in 33 countries. Additionally, Adient has
Load more

Recommended publications
  • Investor Day 2018
    Investor Day 2018 June 27, 2018 Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “will,” “may,” “designed to,” “outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “forecasts” and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this presentation or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, commodity prices and the Company’s success in implementing its operating strategy. Information in this presentation relies on assumptions in the Company’s sales backlog. The Company’s sales backlog reflects anticipated net sales from formally awarded new programs less lost and discontinued programs. The calculation of the sales backlog does not reflect customer price reductions on existing or newly awarded programs. The sales backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.
    [Show full text]
  • COMPANY INDEX WEIGHT ACI Worldwide Inc 0.22% AECOM 0.40% AGCO Corp 0.23% AMC Networks Inc.-A 0.09% ASGN Incorporated 0.19% Aaron's Inc
    COMPANY INDEX WEIGHT ACI Worldwide Inc 0.22% AECOM 0.40% AGCO Corp 0.23% AMC Networks Inc.-A 0.09% ASGN Incorporated 0.19% Aaron's Inc. 0.21% Acadia Healthcare Company Inc 0.16% Acuity Brands Inc 0.25% Adient Inc. 0.13% Adtalem Global Education Inc 0.10% Affiliated Managers Grp 0.22% Alleghany Corp (NY) 0.63% Allegheny Technologies Inc 0.14% Allete Inc 0.23% Allscript Healthcare Solutions Inc 0.08% Amedisys Inc 0.35% American Campus Communities Inc 0.35% American Eagle Outfitters 0.13% American Financial Group 0.46% Antero Midstream Corp 0.08% Apergy Corp 0.11% AptarGroup Inc 0.39% Arrow Electronics Inc 0.35% Arrowhead Pharmaceuticals, Inc 0.23% Ashland Global Holdings Inc 0.26% Associated Banc-Corp (IL) 0.18% AutoNation Inc 0.15% Avanos Medical, Inc 0.08% Avis Budget Group Inc 0.13% Avnet Inc 0.20% Axon Enterprise Inc 0.28% BANK OZK 0.18% BJ's Wholesale Club Holdings 0.14% BancorpSouth Inc (MS) 0.15% Bank of Hawaii Corp 0.20% Bed Bath & Beyond Inc 0.08% Belden Inc 0.11% Bio-Rad Laboratories Inc A 0.44% Bio-Techne Corp 0.42% Black Hills Corp 0.28% Blackbaud Inc 0.21% Boston Beer Inc A 0.20% Boyd Gaming Corp 0.14% Brighthouse Financial Inc 0.27% Brinker Intl Inc 0.09% Brixmor Property Group Inc 0.33% Brown & Brown Inc 0.59% Brunswick Corp 0.29% CACI International Inc 0.37% CDK Global Inc 0.34% CIENA Corp 0.36% CIT Group Inc 0.24% CNO Financial Group Inc 0.16% CNX Resources Corp.
    [Show full text]
  • View Presentation
    Adient J.P. Morgan 2016 Auto Conference August 9, 2016 Forward Looking Statements Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient’s future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient’s control, that could cause Adient’s actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the capital markets generally and whether Adient and Adient Global Holdings Ltd will consummate the offering of notes, the anticipated terms of the notes and the anticipated use of proceeds, uncertainties as to the timing of the spin-off and whether it will be completed, the possibility that various closing conditions for the spin-off may not be satisfied or waived, the expected tax treatment of the spin-off, the impact of the spin-off on the businesses of Adient, the ability of Adient to meet debt service requirements, the availability and terms of financing and expectations of credit rating, the risk that disruptions from the spin-off will harm Adient’s business, competitive responses to the spin-off, general economic and business conditions that affect Adient following the spin-off, the strength of the U.S.
    [Show full text]
  • 3M Manufacturing Nationwide Full
    Sponsorship of International Company Name Company Type Company Locations Career Site URL Opportunities Students 3M Manufacturing Nationwide http://www.3m.com/careers-us Internship Full-Time No 4flow 4flow China, Europe and the USA http://www.4flow.com Full-Time No ABB Inc. Engineering US nationwide http://www.abb.com/careers Full-Time No Abbott Healthcare Nationwide http://www.abbott.com/careers/students.htmlInternship No AbbVie Biopharmaceutical North Chicago http://www.abbvie.com/careers/home.htmlInternship Co-Op Full-Time No Ace Hardware Corporation Retail Oak Brook, IL http://www.acehardware.com/home/index.jspInternship Full-Time No Adient Automotive Seating Supplier Plymouth http://www.adient.com/ Internship Co-Op Full-Time Yes AFN, LLC Third Party Logistics Niles, IL and Columbus, OH https://www.loadafn.com/ Full-Time Yes AJM Packaging Corporation Manufacturing Metro Detroit Co-Op Full-Time No Akebono Brake Corporation Automotive Supplier MI, KY, SC, TN https://www.akebonobrakes.comInternship Co-Op Full-Time No ArcelorMittal Manufacturing Northwest Indiana http://www.workforarcelormittal.comInternship Full-Time No Armada Supply Chain Pittsburgh http://[email protected] Internship Full-Time No Arthrex, Inc Medical Device Manufacturing Naples, FL https://arthrex.jobs.net/ Co-Op Full-Time Yes Asahi Kasei Plastics North America Plastics Manufacturing Michigan and Alabama http://www.akplastics.com Internship Full-Time Yes Autoliv Automotivve Auburn Hills https://autoliv.com/ Internship Full-Time No Avery Dennison Manufactuting Mentor, OH / Greenfield & Ft Wayne, Lowell, Indiana //Mill Hall & Quakertown PA http://www.averydennison.com Internship Full-Time Yes BAE Systems Defense Contractor Sterling Heights, MI; San Jose, CA; York, PA; Minneapolis, MNhttp://www.baesystems.jobs Internship Full-Time No Baxter International Inc.
    [Show full text]
  • The Ohio Motor Vehicle Industry
    Research Office A State Affiliate of the U.S. Census Bureau The Ohio Motor Vehicle Report February 2019 Intentionally blank THE OHIO MOTOR VEHICLE INDUSTRY FEBRUARY 2019 B1002: Don Larrick, Principal Analyst Office of Research, Ohio Development Services Agency PO Box 1001, Columbus, Oh. 43216-1001 Production Support: Steven Kelley, Editor; Jim Kell, Contributor Robert Schmidley, GIS Specialist TABLE OF CONTENTS Page Executive Summary 1 Description of Ohio’s Motor Vehicle Industry 4 The Motor Vehicle Industry’s Impact on Ohio’s Economy 5 Ohio’s Strategic Position in Motor Vehicle Assembly 7 Notable Motor Vehicle Industry Manufacturers in Ohio 10 Recent Expansion and Attraction Announcements 16 The Concentration of the Industry in Ohio: Gross Domestic Product and Value-Added 18 Company Summaries of Light Vehicle Production in Ohio 20 Parts Suppliers 24 The Composition of Ohio’s Motor Vehicle Industry – Employment at the Plants 28 Industry Wages 30 The Distribution of Industry Establishments Across Ohio 32 The Distribution of Industry Employment Across Ohio 34 Foreign Investment in Ohio 35 Trends 40 Employment 42 i Gross Domestic Product 44 Value-Added by Ohio’s Motor Vehicle Industry 46 Light Vehicle Production in Ohio and the U.S. 48 Capital Expenditures for Ohio’s Motor Vehicle Industry 50 Establishments 52 Output, Employment and Productivity 54 U.S. Industry Analysis and Outlook 56 Market Share Trends 58 Trade Balances 62 Industry Operations and Recent Trends 65 Technologies for Production Processes and Vehicles 69 The Transportation Research Center 75 The Near- and Longer-Term Outlooks 78 About the Bodies-and-Trailers Group 82 Assembler Profiles 84 Fiat Chrysler Automobiles NV 86 Ford Motor Co.
    [Show full text]
  • September 11-13 2018
    Where the Automotive Industry Ignites September 11-13 2018 Marriott at Renaissance Center, Detroit, MI Produced by In collaboration with Host OEM: Message from the Producer To prepare for the fourth annual Best Practices for Automotive conference, an extensive research project took the conference team across North America in a series of focus groups. After meeting with professionals across all automotive sub-segments and surveying hundreds more, top themes like connected manufacturing (Industry 4.0), analytics-based decisions, the need to standardize and embrace change emerged as the most impactful for driving opportunity and growth in today’s complex business environment. With this voice of the customer driving the content, the 2018 Best Practices for Automotive conference will deliver thought-leadership and expert insights on how to stay on the cutting edge by embracing digital technologies and strategies. General Motors, Adient, BMW, Toyota and other leading companies will share their success stories on hot topics like evolving automated technologies, Blockchain General Motors, Adient, and on-demand manufacturing. Plus, SAP will deliver exclusive future-focused roadmap sessions covering the BMW, Toyota and other tools your organization needs to maximize on software and leading companies technology investments. will share their success The event is a key convergence for SAP industry leaders, decision-makers, analysts, users and solution providers. stories on hot topics Tap into the collective wisdom of the community, build lasting relationships
    [Show full text]
  • NAM Affiliated Organizations 3M A. O. Smith Corporation
    NAM Affiliated Organizations 3M A. O. Smith Corporation Abbott Accenture ACE Clearwater Enterprises Adient US LLC AECOM Corporation AGCO Corporation Air Liquide North America LLC Alcoa Corporation ALOM Technologies Corporation Altec, Inc. Altria Client Services Inc. American Axle & Manufacturing American Bakers Association American Electric Power Amphenol Corporation Angstrom Automotive Group Anheuser‐Busch Companies, Inc. Arbill ArcelorMittal USA Archer Daniels Midland Company Ariel Corporation Armstrong World Industries Association of Washington Business Baker Boy Ball Corporation BASF Corporation BDO Beam Suntory Inc. Behlen Mfg. Co. Big Ass Fans Bishop‐Wisecarver Group BKD, LLP Blue Yonder BNSF Railway Company Brown‐Forman Corporation Brunswick Corporation BTE Technologies, LLC BWX Technologies, Inc. C.H. Robinson Carrier Global Corporation Caterpillar Inc. Celanese Corporation Centennial Bolt, Inc. CF Industries Holdings, Inc. Chart Industries, Inc. Chroma Color Corporation Click Bond, Inc. CNH Industrial Coastal Windows Inc. ConocoPhillips Continental Resources, Inc. Control Technology, Inc. Cornerstone Building Brands Cornerstone Chemical Corning Incorporated Covestro LLC Crown Holdings, Inc. Cummins Inc. Deloitte Consulting LLP Delphon Industries, LLC Devon Energy Corporation Dominion Energy Dover Corporation Dow Inc. E&E Manufacturing Co., Inc. Ecolab Inc. Edward Marc Brands, Inc. EFCO Corp. Electrolux, North America Ellwood Group, Inc. Emergent BioSolutions Inc. Emerson Energy Transfer LP ExxonMobil EY Firmenich, Inc. FMC Corporation FORCAM, Inc. Fresenius Medical Care N.A. GE Digital Gear Motions, Inc. Generac Power Systems, Inc. General and Automotive Machine Shop, Inc. General Motors Company GenMet Glier's Meats, Inc. Grant Thornton LLP Greenerd Press & Machine Company, Inc. H.B. Fuller Company Henkel North America Herman Miller, Inc. Hillenbrand, Inc. HM Manufacturing Inc Honda North America, Inc.
    [Show full text]
  • Business Prospectus
    Contact Information Commerce Lexington Inc. is the business organization for the Bluegrass. Con- Phone: (800) 341-1100 or (859) 225-5005 sisting of the Chamber of Commerce, Commerce Lexington Economic Develop- ment, and the Business Education Network, Commerce Lexington Inc. works Web: locateinlexington.com with the local government and surrounding communities to enhance business and economic development opportunities in and around the Lexington area. Email: [email protected] The material contained within this prospectus is designed to provide you with basic information to evaluate the Lexington area as a business location. The information contained in this document is verified to be accurate at the time of publishing. The professional staff of Commerce Lexington Inc. is prepared to assist you by providing specific information based upon your project's requirements. We would be happy to help you make the Bluegrass your new home. Updated September, 2019 Commerce Lexington Inc. Social Media Links Robert L. Quick, CCE Economic Development President and CEO 859-226-1616 [email protected] www.facebook.com/locateinlex Gina Greathouse Executive Vice President, Economic Development 859-226-1623 [email protected] www.linkedin.com/company/commerce-lexington- economic-development Hannah Crumrine Senior Project Manager, Economic Development 859-226-1631 [email protected] www.twitter.com/locateinlex Tyrone Tyra Senior Vice President, Community and Minority Business Development 859-226-1625 [email protected]
    [Show full text]
  • International Corporate Investments in Ohio Operations
    Research Office A State Affiliate of the U.S. Census Bureau International Corporate Investment in Ohio Operations 20 September 2007 June 20 June 2020 Table of Contents Introduction and Explanations Section 1: Maps Section 2: Alphabetical Listing by Company Name Section 3: Companies Listed by Country of Ultimate Parent Section 4: Companies Listed by County Location International Corporate Investment in Ohio Operations June 2020 THE DIRECTORY OF INTERNATIONAL CORPORATE INVESTMENT IN OHIO OPERATIONS is a listing of international enterprises that have an investment or managerial interest within the State of Ohio. The report contains graphical summaries of international firms in Ohio and alphabetical company listings sorted into three categories: company name, country of ultimate parent, and county location. The enterprises listed in this directory have 5 or more employees at individual locations. This directory was created based on information obtained from Dun & Bradstreet. This information was crosschecked against company Websites and online corporate directories such as ReferenceUSA®. There is no mandatory state filing of international status. When using this directory, it is important to recognize that global trade and commerce are dynamic and in constant flux. The ownership and location of the companies listed is subject to change. Employment counts may differ from totals published by other sources due to aggregation, definition, and time periods. Research Office Ohio Development Services Agency P.O. Box 1001, Columbus, Ohio 43266-1001 Telephone: (614) 466-2116 http://development.ohio.gov/reports/reports_research.htm International Investment in Ohio - This survey identifies 4,303 international establishments employing 269,488 people. - Companies from 50 countries were identified as having investments in Ohio.
    [Show full text]
  • Foreign Owned Companies 2021 Parent Parent Company Name City County NAICS Code Company Country CSL Plasma Inc
    Foreign Owned Companies 2021 Parent Parent Company Name City County NAICS Code Company Country CSL Plasma Inc. (2 locations) Chattanooga Hamilton 621991 - Blood and Organ Banks CSL Limited Australia PUREGraphite LLC Chattanooga Hamilton 327992 - Ground or Treated Mineral and Earth Manufacturing Novonix Australia General Shale Brick Chattanooga Hamilton 327120 - Clay Building Material and Refractories Manufacturing Wienerberger Ag Austria Van de Wiele, Inc. Ooltewah Hamilton 423830 - Industrial Machinery and Equipment Merchant Wholesalers Michael Vande Wiele NV Belgium Pilgrim's Pride Corporation Chattanooga Hamilton 311615 - Poultry Processing JBS S.A. Brazil Chattanooga Seating Systems, LLC Chattanooga Hamilton 336360 - Motor Vehicle Seating and Interior Trim Manufacturing Magna International Inc. Canada Foxtrot Farms, LLC Athens McMinn 115113 - Crop Harvesting, Primarily by Machine SOL Global Investments Corp Canada Magna Exteriors & Interiors Chattanooga Hamilton 336390 - Other Motor Vehicle Parts Manufacturing Magna International Inc. Canada Meyer Laminates, Inc. Soddy-Daisy Hamilton 423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers Hardwoods Distribution Inc. Canada Resolute Forest Products Calhoun McMinn 322122 - Newsprint Mills Resolute Forest Products Canada Stantec Consulting Chattanooga Hamilton 541330 - Engineering Services Stantec Inc Canada Starplex Scientific, Inc. Cleveland Bradley 326160 - Plastics Bottle Manufacturing Starplex Scientific, Inc. Canada Westinghouse Nuclear Services Chattanooga Hamilton
    [Show full text]
  • Automotive Sector in SLOVAKIA Automotive Sector in Slovakia
    ENGLISH EDITION SARIO GOOD JANUARY 2020 SLOVAK INVESTMENT AND IDEA TRADE DEVELOPMENT AGENCY SLOVAKIA Automotive Sector in SLOVAKIA Automotive Sector in Slovakia This publication is designed to introduce Slovakia's dynamically growing automotive sector — facts and figures, its strengths and vision — to illustrate why Slovakia is an ideal location for doing business in this industry. total area 49,035 km2 population 5.4 million capital city Bratislava member of European Union, Eurozone, Schengen Area, OECD, WTO, NATO time zone GMT +1 hour Helsinki Oslo Stockholm Tallinn 300 million Moscow Edinburgh Riga clients in the radius Copenhagen of 1,000 km Dublin Kaliningrad Vilnius Minsk 600 million Amsterdam clients London Berlin Warsaw in the radius of 2,000 km Brussels Kiev Luxembourg Prague Paris Bratislava Vienna Chisinau Bern Budapest Ljubljana Bucharest Zagreb Belgrade Sarajevo Sofia Madrid Podgorica Lisbon Rome Skopje Tirana Athens 1 www.sario.sk Overview of the Automotive Industry In Slovakia The automotive industry has a strong tradition in Slovakia and became the most important sector and driving force of the Slovak economy. Over the past 20 years it has been an important source of foreign direct investment as well as industrial innovation. Top 10 Reasons to Invest in Automotive Industry in Slovakia 1 People employed directly by the 177,000 Strategic location in Europe 4 car producers & Tier 1 suppliers with great export potential 2 Wide supplier network in automotive sector People employed directly & indirectly 275,000 3 by the automotive
    [Show full text]
  • Adient January Investor Presentation
    Adient January investor presentation January 2018 Improving the experience of a world in motion Important information Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient’s future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “forecast,” “project” or “plan” or terms of similar meaning are also generally intended to identify forward-looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient’s control, that could cause Adient’s actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the ability of Adient Aerospace to successfully implement its strategic initiatives or realize the expected benefits of the joint venture, the impact of tax reform legislation through the Tax Cuts and Jobs Act, the ability of Adient to meet debt service requirements, the ability and terms of financing, general economic and business conditions, the strength of the U.S. or other economies, automotive vehicle production levels, mix and schedules, energy and commodity prices, the availability of raw materials and component products, currency exchange rates, the ability of Adient to effectively integrate the Futuris business, and cancellation of or changes to commercial arrangements.
    [Show full text]