Tower International Information

From Wikipedia
https://en.wikipedia.org/wiki/Tower_International

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Tower International
Public
Traded as NYSETOWR
Russell 2000 Component
Industry Automotive industry
Founded1993
Headquarters,
Number of locations
29 facilities
Area served
Worldwide
Key people
  • James C. Gouin (CEO)
  • Pelle Malmhagen (President)
  • Michael Rajkovic (COO)
  • Jeff Kersten (Executive VP and CFO)
Products-Body structural stampings and assemblies

-Chassis structural stampings and assemblies, including full frames and cradles
-Suspension components, modules and systems

-Exposed sheet metal (Class B) surfaces
Revenue US$ 2.0 billion (FY 2017)
Number of employees
7,600
Website www.towerinternational.com

Tower International is a manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (“OEMs”). Tower International offers their automotive customers a broad product portfolio, supplying body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups, and sport utility vehicles.

Headquartered in Livonia, Michigan, the company generated revenues of $2.0 billion in 2017. Their products are manufactured at 23 facilities, strategically located near customers in North America and Europe. Tower supports the manufacturing operations through six engineering and sales locations around the world.

History

Tower International was formed in 1993, however many of the engineering and manufacturing operations date back further. A.O. Smith Automotive Products Company, which was acquired by Tower International in 1997, has roots dating back to the early days of the automotive industry. The 1903 Cadillac was produced on the first steel frame which was invented by A.O. Smith. In the 1920s their first fully automatic frame line with adjustable riveting robots became known as a “Mechanical Marvel”. On October 15, 2010, Tower International common stock began trading on the New York Stock Exchange following the initial public offering (“IPO”).

Products

Tower International provides the stampings, structures and assemblies their global customers need.

Body Structures

Integral components forming the upper-body structure of the vehicle.

Class A Products

Large stampings which require flawless surface finishes.

Chassis Structures

Products forming the basic lower-body structure of the vehicle.

Complex Assemblies

Complex assemblies representing major portions of a vehicle’s body structure.

Non-Automotive

Manufacturing of metal structures well suited for other industries.

Locations

Tower International HQ, Livonia

Tower is headquartered in Livonia, Michigan. [1] The 23 production facilities are supported by 6 engineering and sales locations. [2]

References

  1. ^ "Cerberus's Tower Automotive Plans IPO to Repay Debt". Business Week. 4 October 2010. Retrieved 24 December 2010.
  2. ^ "Locations". Tower International. Archived from the original on 2014-01-02.