April 29, 2017 9:35 AM ET

Auto Components

Company Overview of Kiekert AG

Company Overview

Kiekert AG manufactures vehicle side-door latches and closure systems for the automobile industry worldwide. Its product line includes rear compartment and liftgate latches; latch modules; strikers; interior actuators that include mini, power closing, and sliding-door actuators; and drive systems. It offers its products through suppliers. The company was founded in 1857 and is headquartered in Heiligenhaus, Germany with additional locations in Prelouc, Czech Republic; Wixom, Michigan; Puebla, Mexico; Changshu, China; and Naberezhnye Chelny, Russian Federation. As of September 12, 2012, Kiekert AG operates as a subsidiary of Hebei LingYun Industrial Group Co., Ltd.

Höseler Platz 2

Heiligenhaus,  42579

Germany

Founded in 1857

Phone:

49 2056 15 0

Fax:

49 2056 15 269

Key Executives for Kiekert AG

Chairman of Executive Board, Chief Executive Officer and Director
Age: 55
Chief Financial Officer and Member of Management Board
Age: 53
Executive Vice President of Global Operations
Chief Purchasing Officer and Member of The Management Board
Chief Strategy Officer and Member of the Management Board
Compensation as of Fiscal Year 2016.

Kiekert AG Key Developments

Kiekert AG to Plead Guilty to Bid Rigging Involving Auto Parts

Kiekert AG has agreed to plead guilty and to pay a $6.1 million criminal fine for its role in a conspiracy to rig bids of side-door latches and latch minimodules installed in cars sold in the United States and elsewhere. According to a one-count felony charge filed in the U.S. District Court for the Eastern District of Michigan, Kiekert participated in a conspiracy to eliminate competition by agreeing to allocate sales, rig bids and fix prices for side-door latches and latch minimodules sold to Ford Motor Company and its subsidiaries in the United States and elsewhere between September 2008 and May 2013. In addition to Kiekerts agreement to pay a $6.1 million criminal fine, the manufacturer has agreed to cooperate with the departments ongoing investigation. The plea agreement is subject to court approval. According to the charges, Kiekert officials participated in meetings and communications with representatives of another major side-door latch producer, during which they agreed to allocate sales, rig bids and fix prices submitted to Ford. To effectuate those agreements, the conspirators exchanged information on bids and price quotations for submission to Ford. Charge is the result of an ongoing federal antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the automotive parts industry, which is being conducted by the Antitrust Divisions criminal enforcement sections and the FBI. Including Kiekert, 48 companies and 65 executives have been charged in the divisions ongoing investigation and have agreed to pay a total of more than $2.9 billion in criminal fines. These charges were brought by the Antitrust Divisions Chicago Office and the FBIs Detroit Field Office with the assistance of the FBI headquarters International Corruption Unit.

Kiekert AG Opens New Joint-Venture Plant in South Korea with KwangJin Sanggong Company Ltd

Kiekert AG is opening a new joint-venture facility to produce door-closure systems in South Korea with KwangJin Sanggong Company Ltd. Located in Hwaseong-si in the province of Gyeonggi-do, the new facility operated by KKL Ltd. (KwangJin Kiekert Latch) will have 120 employees and the capacity to produce door-closure systems for a major South Korean auto manufacturer. Ribbon-cutting ceremonies to officially open the plant took place in mid-February. Kiekert and KwangJin Sanggong each hold a 50% share in the new company.   The company, for example, has reduced the weight of its locking systems by as much as 50% over the past two vehicle generations.

Kiekert AG Names Guglielmo Guastella as Executive Vice President of Sales

Guglielmo Guastella has been named executive vice president of sales for Kiekert AG. Guastella, 48, will report to Kiekert CEO Dr. Karl Krause. He previously had been vice president sales & marketing at Rheinmetall Automotive. His background includes extensive international sales experience in management positions at companies such as Thyssen Krupp and Rheinmetall Automotive.

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