About Haldex
Strategy Garphytttan Wire
The Division’s strategy includes the following:
- Geographical expansion, notably in Asia – with a particular focus on China – and securing rising market shares in the US.
- Capitalizing on growth opportunities arising from advances in vehicle technology, which open up more application areas and thus increase the market potential for high-quality valve spring wire beyond the growth solely attributable to the increase in vehicle output.
- Continual efficiency enhancement, thereby cutting production and administration costs.
Key events during 2007
- Continuing programs aimed at achieving quality and process improvements at the Garphyttan plant.
- ISO TS certification of the new plant in China.
- Higher production volumes in the Chinese plant.
Focus in 2008
- Continued focus on continuous improvement via Haldex Way and Six Sigma.
- Extend customer approvals for production in China and attain full utilization of higher capacity at the Suzhou production plant.
- Strengthen cooperation with key customers.
- Stabilize the quality assurance process.
- Stabilize the delivery chain.
Net sales and operating income
Net sales per region
| Key Figures |
2007 |
2006 |
| Net sales |
1,095 |
1,049 |
| Operating income* |
46 |
55 |
| Operating margin*, % |
4.2 |
5.2 |
| Assets |
650 |
608 |
| Liabilities |
221 |
205 |
| Return on capital employed |
9.9 |
9.6 |
| Investments |
20 |
75 |
| Depriciation |
44 |
41 |
| No. of employees |
482 |
462 |
* Excl. restructuring costs