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News Release from: ATS Automation Tooling Systems
Edited by the Manufacturingtalk Editorial
Team on 11 July 2003
Turnkey automation systems orders roll
in
ATS has announced that a major multinational automotive component manufacturer has placed numerous orders for turn-key automation systems - valued at a total of US $13.2 million.
ATS Automation Tooling Systems has announced that a major multinational automotive component manufacturer has placed numerous orders for turn-key automation systems - valued at a total of US $13.2 million (approximately Cdn$17.9 million) that will be employed at several of the customer's worldwide facilities The customer has also selected ATS for additional orders, which are expected to be placed later this summer, with a combined value of approximately US$4.7 million (approximately Cdn$6.3 million)
This article was originally published on Manufacturingtalk on 17 Mar 2004 at 8.00am (UK)
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This same customer placed orders valued in total at US $8.8 million (approximately Cdn $13 million) earlier this calendar year (during ATS's fourth quarter ended March 31, 2003).
"ATS has built a good long-term relationship with this customer but winning some US $26 million worth of business (approximately Cdn$37 million) in just six months signals that the bond between our companies is growing and we've reached a higher level as a trusted supplier," said Klaus Woerner, ATS President and Chief Executive Officer.
"Our strategic efforts are clearly paying off." Woerner added that ATS is benefiting "from the fact that this customer continues to rationalize its supplier base, and that our leading technology, track record of innovation, broad capabilities, quality, global presence and demonstrated ability to add value have secured a strong place in this customer's supply chain." ATS will design and build these systems, which will be used for automated assembly, test and machining, at numerous ATS facilities including its plants in Ontario, Ohio and Singapore over the course of the next nine months.
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The orders include manufacturing systems for different components and vehicle platforms.
Staged deliveries are scheduled for completion to the end of April 2004.
Woerner said these orders - which will make use of a variety of innovative ATS technologies as well as the Company's industry-leading design and engineering resources - once again illustrate the value ATS can deliver to automotive customers.
"We've known for some time that ATS is gaining market share and these orders provide further evidence, while also demonstrating one other fact: the automotive industry remains a stable market that offers strong, long-term prospects for our Company," said Woerner.
"The key for us is to continue aligning ourselves more closely with these types of customers who are firmly committed to using innovative automation solutions to advance their place in the industry, improve quality, introduce new products and drive down production costs." The name of this customer and further details about the orders cannot be disclosed due to customer confidentiality requirements.
ATS's Automation Systems Group alone derived approximately $177.6 million or 41.7% of its revenue from automotive customers in its last fiscal year to March 31, 2003.
ATS's total consolidated revenues were $584.3 million in the fiscal 2003 year.
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