Kalpana Kalpana (Editor)

Teksid

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Founded
  
1978

Parent organization
  
Teksid httpswwwfcagroupcomitITmediacenterFiatGa

Subsidiaries
  
Funfrap - FundiÇÃo Portuguesa, S.A.

10 second 2000 mustang gt 2v d1sc teksid build e 85


Teksid (Teksid S.p.A.) is an Italian company based in Carmagnola which specialises in the production of iron and castings for the automotive industry. Originally known as Ferriere Piemontesi, Teksid is owned by Fiat Chrysler Automobiles, and was owned its predecessor Fiat S.p.A. since 1917. The company was renamed Teksid in January 1978.

Contents

In 1998, the French car manufacturer Renault merged its foundry business with Teksid, creating a change of ownership with a share 66.5%/33.5% to Fiat and Renault respectively. By 2013 Fiat grew its share to 84.8% and Renault retains 15.2%.

The company owns seven plants (four in Europe, and one each in South America, Central America and China), and employs 7,000 persons. Teksid produces engine blocks, cylinder heads, engine components, transmission parts, gearboxes and suspensions. In 2012 the company reported total revenues of €780 million, down 15% over 2011.

Teksid's products are used by various FCA companies, and also sold to third party companies including Cummins, Ford and General Motors.

The company is chaired by Sergio Marchionne and the subsidiary is managed at group level by COO Riccardo Tarantini, alongside fellow subsidiary Comau as part of the Systems and Castingsoperating sector of FCA.

Joint ventures

In China, Teksid has a 50% ownership of Hua Dong Teksid Automotive Foundry Co. Ltd.

References

Teksid Wikipedia