>Federal-Mogul Goetz (India) (SUNIDHI SECURITIES)

Company Description:
Federal-Mogul Goetze (India) (FMGIL) was established in 1954 by Mr. H.P. Nanda as a joint venture with Goetze-Werke of Germany. G-WG of Germany is now owned by Federal-Mogul Corporation (FMP), a $6.9 billion global company and one of the leading manufacturers of automotive components in the world. In 2006, FMP acquired majority of holding through two of its entities – Federal-Mogul Vermogensverwaltungs GmbH and Federal -Mogul Holdings Limited and is now a part of Federal -Mogul Corporation, USA who holds the majority of the equity shareholding of its Company. Its six manufacturing units are located at Patiala, Bhiwadi, Parwanoo, Khandsa and Bangalore.

Highlights:
FMGIL is the largest manufacturer of pistons and piston rings in India. It manufactures of world-class pistons, piston rings, valve train and structural components, aluminum alloy cylinder blocks, sintered parts and cylinder liners and other miscellaneous automobile engine components covering a wide range of applications including two/threewheelers, cars, SUVs, tractors, light commercial vehicles, heavy commercial vehicles, stationary engines and locomotive diesel engines.

FMGIL’s product portfolio in the piston segment covers almost the entire range of applications - from small engines for mopeds to large bore locomotives engines. It is also a major supplier for piston and piston rings to the armed forces. In terms of range of engines from the type of fuel used, it caters to petrol, diesel, LPG and CNG segments.

The company’s pistons and piston rings range of products are sold under the brand name “Goetze”, while its sintered products are sold under the brand name “Brico Goetze”.

FMGIL has currently has two subsidiaries – Goetze TPR (India) and Satara Rubber & Chemicals. GTP India is currently engaged in manufacturing steel rings for bi-wheelers while SRCL is currently not engaged in any business or operations.

FMGIL’s sales constitute from sale of our products to OEMs, replacement markets and exports. The sales from OEMs are handled through its marketing offices located at three major cities of India – New Delhi, Pune, and Chennai. The sales for the replacement segment is handled through the stockists and depots located at 22 locations across India while the exports are handled through our head office.

To read the full report: FEDERAL-MOGUL GOETZ