CIE Automotive explained

CIE AUTOMOTIVE S.A.
Type:Sociedad Anónima
Foundation:1996 as Corporacion Industrial Egana
Founder:Javier Egana
Location:Bilbao, Spain
Industry:Automotive
Products:Components for Engine, Chassis and Steering, Transmission, Interior and Exterior Trim, Roof system
Revenue: €3.461 billion (2019)[1]
Operating Income: €594.359 million (2019)
Net Income: €287.475 million (2019)
Assets: €5.066 billion (2019)
Num Employees: 23,000 (2019)
Homepage:http://www.cieautomotive.com

CIE Automotive is an industrial group specialised in supplying components and subassemblies for the automotive market. It is listed on the Madrid and Bilbao stock markets, and it has presence in 4 continents and 15 countries.

CIE Automotive focuses its activity on seven technologies — Aluminium, Forging, Stamping and Tube Welding, Machining, Plastic, Casting and Roof Systems.[2]

In 2018, Nugar Puebla (Mexico) was founded, a company that has automatic welding and assembly lines with robots. That same year Autometal Minas (Brazil) was acquired, which was founded as Zanini Industria de Autopeças, Ltda. Іn 1997 and is dedicated to the injection, chrome plating and painting of plastic parts for the automotive sector. Its products include emblems, wheel covers, front grilles, access systems for the fuel tank, spoilers and body moldings.[3]

Shareholders

As of June 2020:[4]

ACEK DESARROLLO Y GESTIÓN INDUSTRIAL, S.L.14.909%
ANTONIO MARÍA PRADERA JÁUREGUI10.000%
CORPORACIÓN FINANCIERA ALBA, S.A.12.090%
ELIDOZA PROMOCIÓN DE EMPRESAS, S.L10.345%
MAHINDRA & MAHINDRA, LTD7.435%
ADDVALIA CAPITAL, S.A.5.000%
ALANTRA ASSET MANAGEMENT, SGIIC, S.A. (Concerted share)3.376%
TREASURY STOCK3.128%

Notes and References

  1. https://www.cieautomotive.com/documents/125060/726741/CIE_2019_CONSOL_EN.pdf/59b709e8-a28e-40a5-a9e7-8a68dd6ee216 CIE 2019 Annual Report
  2. Web site: Technologies. 2020-09-11. www.cieautomotive.com.
  3. Web site: Informe de Auditoría, Cuentas Anuales Auditadas, Informe de Gestión y Memoria Anual - Investors Website - CIE Automotive . 2022-05-11 . www.cieautomotive.com.
  4. Web site: Significant Shareholders and Treasury Stock. 2020-09-11. www.cieautomotive.com.