Company Overview of Teksid S.p.A.
Teksid S.p.A. engages in the manufacture of grey and nodular iron castings for the automotive industry, including trucks and light vehicles manufacturers worldwide. It offers grey iron cylinder blocks for light vehicles, engine blocks and heads for trucks engine, and SiMo exhaust manifolds; nodular iron crankshafts, camshafts, steering knuckles, suspension arms, and differential cases; and aluminum cylinder heads and blocks, suspension components, and camcarriers. The company was founded in 1978 and is based in Carmagnola, Italy with operations in Europe, North and South America, and Asia; and plants in Europe, South America, Center America, and China. It has representative offices in Cedex,...
Via Umberto II n. 5
Carmagnola, TO 10022
Founded in 1978
Key Executives for Teksid S.p.A.
Chief Executive Officer and Director
Chief Executive Officer of Operations-Nafta & Mercosur and Vice President
Chief Executive Officer of Teksid Aluminum S.R.L.
Senior Vice President of Operations-Europe/Far East Technical & Production
Compensation as of Fiscal Year 2015.
Teksid S.p.A. Key Developments
The Teksid Group Orders Third SinterCast Installation
Nov 6 15
The Teksid group has ordered a third SinterCast process control system, establishing itself as the first foundry group with Compacted Graphite Iron production capability on three continents. Under the terms of the agreement, a SinterCast System 3000 Plus process control system will be installed at the Teksid do Brasil foundry located in Belo Horizonte, Brasil. The installation is planned to be commissioned during the first quarter of 2016 and will initially be used to support product development of passenger vehicle, commercial vehicle and industrial power components. In order to support future plans for high volume series production, Teksid do Brasil opted for the System 3000 Plus technology, providing automatic base treatment by cored wire, the patented SinterCast thermal analysis, and automatic feed forward optimization of magnesium and inoculant prior to casting.
Teksid Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 30 15
Teksid announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net revenues were EUR 172 million against EUR 166 million a year ago, primarily attributable to an 18% increase in aluminum business volumes, offset by a 7% decrease in cast iron business volumes. Adjusted EBIT was break-even, compared with negative EUR 1 million a year ago, primarily from increased volumes from the aluminum business and favorable foreign exchange rate effects.
For the six months, net revenues were EUR 352 million against EUR 328 million a year ago. Adjusted EBIT was EUR 1 million against adjusted LBIT EUR 5 million a year ago.
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