Commercial Vehicle Group Inc. (CVGI) 2011年年度报告「NASDAQ」.pdf

1、2011 AnnuAl RepoRtSAfetyHeAltHINNOVAtIONCOmfOrtStrAteGIC ObjeCtIVeSGeographic Diversity|end market Diversification|technology leader|People DevelopmentSUCCeSS fACtOrSSafety|Quality|Profitability|Customer Satisfaction|Stockholder ValueVAlUeSContinuous Improvement|Innovation&Creativity|Integrity|teamw

2、ork|Passionto become the leading global supplier of commercial vehicle component systemsfor our stockholders,customers and employees by focusing on ourouR Visionpage|page|We also signed a new joint venture agreement with Hema engineering in India providing a path for CVG to produce seats and seating

3、 components for the Indian commercial vehicle market,a new market that presents us with strong opportunities for future growth.through this joint venture,we also plan to supply seats and components to other global CVG locations in the future.With such strong growth in China and opportunities in othe

4、r regions such as India,brazil and mexico,we believe that our long-term growth strategy is on the right path.to support our growth plans,additional investment has been necessary to gain new business in existing and emerging markets.Prime examples include the investment in our new facilities in Salti

5、llo,mexico and beijing,China.these projects are continuing on time,within budget and provide excellent platforms for growth with strong global customers.With our strong balance sheet and liquidity,we believe we are in an excellent position to continue our search for strategic acquisitions and seek o

6、pportunities that fit into our strategic goals of global expansion and diversification.AN ImPreSSIVe yeAr 2011 marked another successful year for CVG and we are extremely proud of our accomplishments.each quarter of 2011 was marked with both financial and operational improvements over the preceding