Board of directors

Board of directors

The Board is pleased to report that the Bosal Group has achieved significant positive progress throughout the 2007 financial year, due in part to the continuous growth into new and expanding markets. In Europe for example, Bosal is establishing a strong foundation in the former Eastern Bloc countries.

In Hungary, the construction of a new 16,000 m² plant next to the existing Bosal Autoflex plant has been completed. The new plant will produce jacks, wind stops, machined parts and housings for detachable and retractable towbars.

In Russia, 244,000 m² of land has been acquired in the new automotive industry supplier park near Kaluga. OEM production of exhausts for Renault/Dacia has already begun in leased premises there, along the lines of a similar project delivered by Bosal Fouman Pars in Iran. 

In Zaporozhye, Ukraine, the joint venture with ZAZ is exceeding expectations with production output well ahead of plan.

The Bosal-Oris joint venture is rapidly increasing production volumes using the global Bosal manufacturing infrastructure. New production sites have been established in Mexico, USA and Hungary.

In Europe Bosal-Oris has won a significant number of new OEM contracts for their retractable towbar as has the growing roofbars and roofracks operation. Their wind deflector product range has also consolidated its market-leading position world-wide.

In 2007 two major new manufacturing sites came into service:

In Turkey, the newly built Bosal Mimaysan plant in Pelitli combines in one state of the art facility the operations of two separate plants in Gebze and Kartel and will as a result deliver significant synergies. The transfer of production to the new plant went without a hitch, recognized by the fact that Bosal Mimaysan was voted Best Supplier of 2007 by the Turkish Automotive Industry.

Economies of scale were also achieved in the USA where the R&D facilities in Ann Arbor (MI) and the production plant in Warren (MI) were combined into one brand new 17,000 m² facility in Ypsilanti (MI). The new technical center is significantly larger and features improved development facilities to service new and existing OE customers.

Unique customer solutions for heavy duty exhaust systems contributed to the success of the truck, bus and industrial (TBI) division. The cabin manufacturing operation in Denmark had another record year with several exciting new contracts. Plans are being developed to extend its production capacity using Bosal’s global manufacturing footprint.

With the successful entry into new and developing markets around the globe and strong performances in established markets, the Bosal Group Board is optimistic and foresees further growth in the various product market combinations that will reinforce Bosal’s market leadership.

The Board is pleased to report that the Bosal Group has achieved significant positive progress throughout the 2007 financial year, due in part to the continuous growth into new and expanding markets. In Europe for example, Bosal is establishing a strong foundation in the former Eastern Bloc countries.

In Hungary, the construction of a new 16,000 m² plant next to the existing Bosal Autoflex plant has been completed. The new plant will produce jacks, wind stops, machined parts and housings for detachable and retractable towbars.

In Russia, 244,000 m² of land has been acquired in the new automotive industry supplier park near Kaluga. OEM production of exhausts for Renault/Dacia has already begun in leased premises there, along the lines of a similar project delivered by Bosal Fouman Pars in Iran. 

In Zaporozhye, Ukraine, the joint venture with ZAZ is exceeding expectations with production output well ahead of plan.

The Bosal-Oris joint venture is rapidly increasing production volumes using the global Bosal manufacturing infrastructure. New production sites have been established in Mexico, USA and Hungary.

In Europe Bosal-Oris has won a significant number of new OEM contracts for their retractable towbar as has the growing roofbars and roofracks operation. Their wind deflector product range has also consolidated its market-leading position world-wide.

In 2007 two major new manufacturing sites came into service:

In Turkey, the newly built Bosal Mimaysan plant in Pelitli combines in one state of the art facility the operations of two separate plants in Gebze and Kartel and will as a result deliver significant synergies. The transfer of production to the new plant went without a hitch, recognized by the fact that Bosal Mimaysan was voted Best Supplier of 2007 by the Turkish Automotive Industry.

Economies of scale were also achieved in the USA where the R&D facilities in Ann Arbor (MI) and the production plant in Warren (MI) were combined into one brand new 17,000 m² facility in Ypsilanti (MI). The new technical center is significantly larger and features improved development facilities to service new and existing OE customers.

Unique customer solutions for heavy duty exhaust systems contributed to the success of the truck, bus and industrial (TBI) division. The cabin manufacturing operation in Denmark had another record year with several exciting new contracts. Plans are being developed to extend its production capacity using Bosal’s global manufacturing footprint.

With the successful entry into new and developing markets around the globe and strong performances in established markets, the Bosal Group Board is optimistic and foresees further growth in the various product market combinations that will reinforce Bosal’s market leadership.

Print  
Print