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COMPANY PROFILE Magna International Inc

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COMPANY PROFILE Magna International Inc COMPANY PROFILE Magna International Inc. REFERENCE CODE: AD9D42CC-B80C-44F5-A748-B0310AADC7FD PUBLICATION DATE: 13 Dec 2013 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Magna International Inc. TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts...............................................................................................................3 Business Description...........................................................................................4 History...................................................................................................................6 Key Employees...................................................................................................10 Key Employee Biographies................................................................................11 Major Products and Services............................................................................16 Revenue Analysis...............................................................................................18 SWOT Analysis...................................................................................................20 Top Competitors.................................................................................................26 Company View.....................................................................................................27 Locations and Subsidiaries...............................................................................30 Magna International Inc. Page 2 © MarketLine Magna International Inc. Company Overview COMPANY OVERVIEW Magna International Inc. (Magna or "the company") designs, develops and manufactures automotive systems, assemblies, modules and components primarily to original equipment manufacturers (OEMs) of cars and light trucks. The company operates in the Americas, Europe, Asia, and Africa. It is headquartered in Aurora, Canada and employed about 119,000 people as on December 31, 2012. The company recorded revenues of $30,837 million during the financial year ended December 2012 (FY2012), an increase of 7.3% over FY2011.The operating profit* of the company was $1,507 million in FY2012, an increase of 20.9% over FY2011.Its net profit was $1,433 million in FY2012, an increase of 40.8% over FY2011. *Interest (income) expense, equity income, and other expense are not included for the calculation of operating profit. KEY FACTS Head Office Magna International Inc. 337 Magna Drive Aurora Ontario L4G 7K1 CAN Phone 1 905 726 2462 Fax 1 905 726 7164 Web Address http://www.magna.com Revenue / turnover 30,837.0 (USD Mn) Financial Year End December Employees 119,000 New York Ticker MGA Toronto Ticker MG Magna International Inc. Page 3 © MarketLine Magna International Inc. Business Description BUSINESS DESCRIPTION Magna is a diversified automotive supplier engaged in the design, engineering, testing and manufacture of automotive systems, assemblies, modules and components primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. The company also provides complete vehicle engineering and assembly services. Magna operates 315 manufacturing operations and 87 product development, engineering and sales centers in 29 countries across North America, Europe and rest of world (primarily Asia, South America and Africa). The company operates in three geographic reporting divisions, including North America, Europe and rest of World. Each division functions as an autonomous business unit operating within predetermined guidelines. Although the company operates through three geographic divisions, its operations can be divided into seven segments: exterior and interior systems, body systems and chassis systems, powertrain systems, complete vehicle assembly, tooling, engineering and other, vision and electronic systems, and closure systems. The exterior and interior systems segment design, engineer and manufacture various interior exterior components and systems for the global automotive and commercial truck product markets. The segment’s exterior systems portfolio includes front and rear fascia systems, class A composite panels, modular systems, exterior trim structural components, under hood and underbody components, and sheet molding compound material. Interior systems offered by the company include sidewall systems, trim systems, cargo management systems, cockpit systems, and overhead systems. The body systems and chassis systems segment provides metal body systems, components, assemblies and modules, including body systems, chassis systems, and related engineering services. Body systems offered by the segment include complete body-in-white, floor pans, underbody assemblies, door, hood and deck assemblies, and roof panels. The chassis systems offered by the segment include cross member assemblies, radiator supports, shock towers, engine cradles, front and rear sub-frame assemblies, and front and rear suspension modules. The engineering services portfolio includes program management, program engineering, computer-aided engineering, design verification, prototype build, and testing and validation.The segment also provides renewable energy structures such as solar energy racking systems. The powertrain systems segment design, engineer and manufacture powertrain systems and components, including driveline systems, fluid pressure systems, and metal-forming solutions. The segment also offers engineering and system integration services, including engine & drivetrain engineering, commercial & special vehicle engineering, engine testing services, and epowertrain and vehicle integration. Magna’s complete vehicle assembly segment provides components, systems and vehicle engineering and contract vehicle assembly services. The company is one of the largest brand-independent Magna International Inc. Page 4 © MarketLine Magna International Inc. Business Description assembler of complete vehicles for OEMS. The segment offers engineering services, including design & vehicle concepts, complete vehicle development & integration, systems & modules development, safety engineering & testing, prototype and low-volume production, and test bed services.The segment also provides contract manufacturing, including vehicle contract manufacturing, door modules, industrial services, and fibre composite technology applications. It also provides fuel systems, including fuel tanks, tank filler pipers & filler braces, tank caps, diesel misfueling protection, fuel supply modules / valves and other oil & cooling-water systems components. In addition, the segment also provides battery systems, including battery pack development & production, cell, module & battery pack testing, and materials analysis. The tooling, engineering and other segment designs, engineers and manufactures tooling for own use, as well as for sale to the customers. Additionally, the segment provides engineering support services, independent of particular production programs. The vision and electronic systems segment is engaged in the design engineering and manufacturing of vision systems, and electronic components and sub-systems. Vision systems offered by the segment includes interior mirrors, exterior mirrors, actuators, and electronic vision systems. Electronic systems offered by the segment includes driver assistance and safety systems, engine electronics and sensors, body systems and human-machine interfaces (HMI), intelligent power systems, and industrial products.The segment also offers hybrid & electric vehicle components/systems, including traction motors, inverters, and control units. The closure systems segment engineers and manufactures closure systems and modules, including door modules, power closure systems, engineered glass window systems, sealing systems, latching systems, driver controls, and handle assemblies. The segment also provides electronic features, including electronic control unit design, obstacle detection and anti-pinch, and non-contact sensing. In addition it offers lighting systems, including front lighting, rear lighting, and center high mount stop lamps. Magna International Inc. Page 5 © MarketLine Magna International Inc. History HISTORY The history of Magna can be traced to the 1950s when Mr. Stronach opened a one-man tool and die shop called Multimatic. In 1969, Multimatic merged with Magna Electronics, an aerospace, defense and industrial components manufacturer. Between 1970 and 1972, the company expanded its automotive operations and began manufacturing more stamped and electro-mechanical components. During 1973, the company's name was changed to Magna International. Magna implemented a major product diversification strategy in 1976, where the company's divisions were organized into product groups. Between 1990 and 1991, the company sold off its non-strategic operating divisions as part of its restructuring strategy. During 1996-98, Magna expanded its presence in Europe through the acquisition of several Europe based automotive systems suppliers. In 1998, the company acquired Steyr-Daimler-Puch, an automotive technology and engineering company. Magna floated its plastic exterior modules and systems group, Decoma International, as a separate public company in 1998. Subsequently, Magna Entertainment and Intier Automotive were established as separate companies in 2000 and 2001, respectively. The company acquired
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