Global and China Automotive Aluminum Wheel Industry Report, 2009-2010 Now Available at ReportsandReports
2009 is a harsh year for most of automotive aluminum manufacturers, especially those targeting at North American market. At first, Hayes Lemmerz, the largest automotive wheel manufacturer in North America declared bankruptcy on May 11, 2009. Hayes Lemmerz had been suffering losses from FY2005 to FY2009, and the economic crisis became the last straw that forced it to file for bankruptcy protection on May 11, 2009.
Dallas, TX, June 30, 2010 --(PR.com)-- ReportsandReports Announce it Will Carry Global and China Automotive Aluminum Wheel Industry Report, 2009-2010 Market Research Report in its Store.
Browse the complete Report on: http://www.reportsandreports.com/market-reports/global-and-china-automotive-aluminum-wheel-industry-report-2009-/
2009 is a harsh year for most of automotive aluminum manufacturers, especially those targeting at North American market. At first, Hayes Lemmerz, the largest automotive wheel manufacturer in North America declared bankruptcy on May 11, 2009. Hayes Lemmerz had been suffering losses from FY2005 to FY2009, and the economic crisis became the last straw that forced it to file for bankruptcy protection on May 11, 2009. The total assets of Hayes Lemmerz valued US$1.34 billion, the liabilities amounted to US$1.41 billion, the sales value declined by almost 50% in 2009. Superior, the largest automotive aluminum wheel manufacturer in North America, also had a very difficult time, and its sales value fell by 45% in 2009.
Also in May 2009, Metaldyne, an aluminum wheel manufacturer headquartered in Michigan, declared bankruptcy. It was acquired by Asahi Tec, a Japanese manufacturer, with US$215 million in 2006. Metaldyne's bankruptcy protection made Asahi Tec lost JPY31.97 billion as investment write-down, but did not affect the cash flow. As a result, the sales of Asahi Tec slumped by 74% in FY2009.
Some Chinese manufacturers also fell victim to the crisis, and Huatai Aluminum Wheel is among the most heavily hit. Totally engaged in the export to the United States, its Tai’an branch suffered sharp revenue decline in 2009. Moreover, it had accumulated huge debts during the high-speed expansion in the early stage. Eventually, it had to declare bankruptcy liquidation in March 2010. Most Chinese manufacturers of aluminum wheels provide products to the clients in China, Japan and EU, while small factories mainly export products to America.
China's automobile market developed rapidly in 2009, driving Chinese aluminum wheel manufacturers, especially large ones, to grow despite the market downturn. CITIC Dicastal increased its shipment by 22% to 14.38 million, securing its first place status by widening the gap with the runner-up. Singapore-listed Lizhong Wheel increased its revenue by 9% against the market trends. Lioho Machine Works, Taiwan's largest aluminum wheel manufacturer, achieved growth in income, shipment and gross profit margin.
In the EU, all aluminum wheel manufacturers are private enterprises, and they rarely publish their operation status to the public. RONAL and UNIWHEEL focus on the after-sales markets in Asia-Pacific, North America and the European Union, so they suffered bigger losses. BORBET aims at OEM market, with solid customer base, such as BMW, Volkswagen, Mercedes-Benz, Volvo and Ford that have excellent performance, so it suffered less. Japanese manufacturers have shifted most of their production bases to Mainland China and Southeast Asia, so the cost disadvantages are not prominent. In 2009, the sales volume of Japanese manufacturers was considerable, particularly in China, so Japanese aluminum wheels manufacturers did better than North American and EU manufacturers.
In 2010, aluminum wheel manufacturers got explosive growth. The shipment of Superior reached 2.36 million in Q1 2010, up 69% compared with Q1 2009; its revenue grew even faster by 84%; it is expected that the growth rate in 2010 will be much higher than that in 2009. In December 2009, Hayes Lemmerz announced that it did not need bankruptcy protection any more. China's Lizhong Wheel had even more outstanding performance in Q1 2010; its revenue in Q1 2010 was 114% more than that in Q1 2009; its profit in Q1 2010 surpassed all of its profit in 2009.
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Browse the complete Report on: http://www.reportsandreports.com/market-reports/global-and-china-automotive-aluminum-wheel-industry-report-2009-/
2009 is a harsh year for most of automotive aluminum manufacturers, especially those targeting at North American market. At first, Hayes Lemmerz, the largest automotive wheel manufacturer in North America declared bankruptcy on May 11, 2009. Hayes Lemmerz had been suffering losses from FY2005 to FY2009, and the economic crisis became the last straw that forced it to file for bankruptcy protection on May 11, 2009. The total assets of Hayes Lemmerz valued US$1.34 billion, the liabilities amounted to US$1.41 billion, the sales value declined by almost 50% in 2009. Superior, the largest automotive aluminum wheel manufacturer in North America, also had a very difficult time, and its sales value fell by 45% in 2009.
Also in May 2009, Metaldyne, an aluminum wheel manufacturer headquartered in Michigan, declared bankruptcy. It was acquired by Asahi Tec, a Japanese manufacturer, with US$215 million in 2006. Metaldyne's bankruptcy protection made Asahi Tec lost JPY31.97 billion as investment write-down, but did not affect the cash flow. As a result, the sales of Asahi Tec slumped by 74% in FY2009.
Some Chinese manufacturers also fell victim to the crisis, and Huatai Aluminum Wheel is among the most heavily hit. Totally engaged in the export to the United States, its Tai’an branch suffered sharp revenue decline in 2009. Moreover, it had accumulated huge debts during the high-speed expansion in the early stage. Eventually, it had to declare bankruptcy liquidation in March 2010. Most Chinese manufacturers of aluminum wheels provide products to the clients in China, Japan and EU, while small factories mainly export products to America.
China's automobile market developed rapidly in 2009, driving Chinese aluminum wheel manufacturers, especially large ones, to grow despite the market downturn. CITIC Dicastal increased its shipment by 22% to 14.38 million, securing its first place status by widening the gap with the runner-up. Singapore-listed Lizhong Wheel increased its revenue by 9% against the market trends. Lioho Machine Works, Taiwan's largest aluminum wheel manufacturer, achieved growth in income, shipment and gross profit margin.
In the EU, all aluminum wheel manufacturers are private enterprises, and they rarely publish their operation status to the public. RONAL and UNIWHEEL focus on the after-sales markets in Asia-Pacific, North America and the European Union, so they suffered bigger losses. BORBET aims at OEM market, with solid customer base, such as BMW, Volkswagen, Mercedes-Benz, Volvo and Ford that have excellent performance, so it suffered less. Japanese manufacturers have shifted most of their production bases to Mainland China and Southeast Asia, so the cost disadvantages are not prominent. In 2009, the sales volume of Japanese manufacturers was considerable, particularly in China, so Japanese aluminum wheels manufacturers did better than North American and EU manufacturers.
In 2010, aluminum wheel manufacturers got explosive growth. The shipment of Superior reached 2.36 million in Q1 2010, up 69% compared with Q1 2009; its revenue grew even faster by 84%; it is expected that the growth rate in 2010 will be much higher than that in 2009. In December 2009, Hayes Lemmerz announced that it did not need bankruptcy protection any more. China's Lizhong Wheel had even more outstanding performance in Q1 2010; its revenue in Q1 2010 was 114% more than that in Q1 2009; its profit in Q1 2010 surpassed all of its profit in 2009.
Browse all Automotive & Transportation at: http://www.reportsandreports.com/market-research/automotive/
Browse all Research In China at http://www.reportsandreports.com/Publishers/research-in-china/
Browse Latest Reports at: http://www.reportsandreports.com/LatestReport.aspx
Related Reports:
Global and China Military Industry Report, 2009-2010
http://www.reportsandreports.com/market-reports/global-and-china-military-industry-report-2009-2010/
Global and China Automotive Audio and Infotainment Industry Report, 2009-2010
http://www.reportsandreports.com/market-reports/global-and-china-automotive-audio-and-infotainment-industry-repor/
Global and China Military Industry Report, 2009-2010
http://www.reportsandreports.com/market-reports/global-and-china-military-industry-report-2009-2010/
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
http://www.reportsandreports.com/
http://reportsnreports.wordpress.com/
http://reportsandreports.blogspot.com/
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