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Investor Insights
Wescast is the world’s leading supplier of cast iron exhaust manifolds for passenger cars and light trucks. We believe that the combination of our design capability and high-quality manufacturing creates unique value for our customers that translate into profitable growth opportunities and value creation for our shareholders.Wescast’s resources are strategically located in geographic business units in North America, Europe and Asia. We continue to position ourselves as a world technology and service leader in cast exhaust manifolds, turbine housings and integrated turbo-manifolds. Why Invest in Wescast?Industry LeaderWe have an estimated 51% share of the North American exhaust manifold market (including 65% among the Detroit Big 3), making us the dominant exhaust manifold supplier to North American auto makers. In Europe, although we have only been in operation for a short period, we have already captured 14% of the European market with a customer list that includes Volkswagen, PSA Peugeot Citroen, Renault, Audi and Ford of Europe. Global FootprintOnce our Asian business unit is operational, we will be the only supplier in our segment with manufacturing and service capability in the three largest global automotive markets. We continue to work towards our long-term goal of replicating our North American successes in markets around the world. Operational ExcellenceWescast has a well deserved reputation for quality in the auto industry and has earned many supplier-of-the-year awards in recognition of this. Our company-wide attention to quality means better products and lower costs. With QS9000, ISO 14001 and TS16949 certifications, we continue to lead the way as new standards are introduced. We have invested in new, high-performance technology in our foundries and machine shops, improving efficiency and reducing variation in part quality. Focus on InnovationWescast is a leader in providing innovative solutions in the design and production of cast powertrain components. Our industry-leading research and development activities are centralized at our Canadian technical development centre, complete with mini-foundry and machine shop. State-of-the-art connectivity to our worldwide locations means customers can count on us to offer fully integrated global supply capability for all their international projects. Today’s investment in technology will be the driver of tomorrow’s growth in sales and profitability. Strong Balance SheetWescast has one of the strongest balance sheets in the industry, with a debt to total capital ratio of only 1.6% at the end of 2007.
Wescast is well positioned to take advantage of opportunities for profitable growth. |