2/16/2013 10:09:00 AM
NEWS BRIEF

TRW Automotive reported sales, including fasteners, grew 7% to a record $16.4 billion in 2012. Operating income declined 14% to $1.08 billion and adjusted EBITDA slipped 4.5% to $1.65 billion. 
Fourth-quarter sales increased 4% to $4 billion, with operating income dropping 44% to $155 million.

“The impact of increasing demand for TRW’s innovative technologies, higher vehicle production volumes in North America and China and a higher level of module sales globally were partially offset by sharply lower vehicle production in Europe” during the final quarter, the company stated. ©2013 GlobalFastenerNews.com

Related Stories:

• Kaindl: Aztech ISO Energy Savings Total 8% of Payroll

• Anixter Fastener Segment Sales Drop

• Report: US Adhesives Demand To Rise 2.2% Annually

Related Links:

• TRW Automotive