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TRW
TRW 2005 Annual Report
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TRW 2005 Annual Report
[Cover][Financial Highlights][Letter][Safety Systems][At A Glance][Financials][Leadership][Corporate Info]

TRW At a Glance

 

Overview

TRW Automotive ranks among the world’s largest and most diversified suppliers of automotive systems, modules and components to global vehicle manufacturers and related aftermarkets.
  • $12.6 billion annual sales in 2005
  • Strategically focused product portfolio with more than 80% of sales derived from safety-related products
  • Industry-leading sales diversification, with the largest geographic sales region amounting to 55% of sales, largest customer concentration amounting to 16% of sales and largest product group amounting to 16% of sales
  • Customers include all major vehicle manufacturers across the primary automotive producing regions
  • Market leadership positions in most primary product lines

Operating Segments

The Company conducts all of its operations through its subsidiaries and along three operating segments.

Chassis Systems
  • 2005 sales of $7.2 billion or 57% of total sales
  • Primary products include steering gears and systems, foundation brakes, brake control (ABS, electronic stability control and traction control systems) and suspension systems

Occupant Safety Systems
  • 2005 sales of $3.8 billion or 30% of sales
  • Primary products include airbags, seat belts, safety electronics and steering wheels

Automotive Components
  • 2005 sales of $1.7 billion or 13% of sales
  • Primary products include body controls, engine valves and engineered fasteners

Employees

Our people are our true competitive advantage. As of December 31, 2005, the Company had approximately 63,100 employees, of which 27% are considered salaried workers with the remaining 73% hourly workers.
Europe 33,800
North America 21,300
South America 4,400
Asia Pacific 3,600

Locations

TRW has 209 facilities in 25 countries with principal executive offices located in Livonia, Michigan.
Austria Malaysia Sweden
Brazil Mexico Switzerland
Canada Poland Thailand
China Portugal Tunisia
Czech Republic Romania Turkey
France Singapore United Kingdom
Germany South Africa United States
Italy South Korea  
Japan Spain  

Research, Development and Engineering

We operate a global network of technical centers worldwide, which allows us to develop automotive active and passive technologies while improving existing products and systems.
  • At present, we employ approximately 5,000 engineers, researchers, designers, technicians and support personnel
  • In 2005, we invested approximately 6.2% of sales to support our global efforts
  • The Company utilizes sophisticated testing and computer simulation equipment, including computer-aided engineering, noise-vibration-harshness rigs, crash sled and math modeling
  • We believe that continued research, development and engineering activities are critical to maintaining our leadership position in the industry and will provide us with a competitive advantage as we seek additional business with new and existing customers
 
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