Comau Pico Reports Market Share Increase for Core Businesses.Business Editors & Automotive Writers SOUTHFIELD Southfield, city (1990 pop. 75,728), Oakland co., SE Mich., a suburb of Detroit, on the Rouge River; laid out 1817, inc. as a city 1958. There are electronics research, meat-processing, and printing facilities, and manufactures include plastic, metal, rubber, and , Mich.--(AutomotiveWire)--Aug. 12, 2002 During a Communications Forum for employees, Comau Pico Chief Operations Officer Don Hemberg Hemberg is a municipality in the Wahlkreis (constituency) of Toggenburg in the canton of St. Gallen in Switzerland. reported that, despite the recent decline in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. , the company has gained significant market share in its body assembly, powertrain, and maintenance services. "The past two years have shown our revenue dip to early `90's levels," commented Hemberg, "yet we've we've Contraction of we have. we've have been able to increase market share in our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
"The entire equipment-making industry was hit hard by the auto production slowdowns. But our current projections indicate we must start acquiring additional manufacturing floorspace to insure Insure can mean:
Hemberg believes the company is positioned for growth due to a better revenue mix than it had in the past. At one time, over 75 percent of Comau Pico's revenues were generated solely by body assembly systems. Today, the company has supplemented this with a strong presence in powertrain assembly and testing, die manufacturing, and support and maintenance of existing manufacturing systems. The Communications Forum -- conceived and moderated by Comau Pico Chief Executive Officer Bob Stoutenberg -- was held off-site at the Ford Conference Center (Dearborn) and split into three sessions over a two-day period in order to accommodate the company's 2000 employees. Also speaking at the Forum was Comau C.E.O. Piero Maritano, who commended the Comau Pico employees on the company's current strength and presented corporate Comau S.p.A. strategy; clarifying issues regarding majority stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. Fiat's (Turin, Italy) recent announcement to sell the Comau S.p.A. division. Maritano commented that although it has always been Fiat's strategy to reduce its ownership in Comau, there is "no urgency to sell and no negotiation in process." Comau Pico was created in 1999 when Progressive Tool & Industries Company (PICO) became the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of Comau, S.p.A., a global industrial automation company with sales exceeding $2 billion and ranked as one of the world's largest suppliers of manufacturing equipment and systems. Comau Pico designs, builds and installs integrated manufacturing systems for the production of vehicular body structures and powertrain components servicing the automotive, heavy truck, agricultural/construction, aerospace and recreational vehicle markets. |
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