edzwonkiewicz, Author at TIFS

TI Fluid Systems’ Regional Business Structure Completed as Julien Plenchette Joins the Company as President for the Americas

Posted on April 8, 2024 by edzwonkiewicz

Julien Plenchette has joined TI Fluid Systems (TIFS) as President – Americas, effective 08 April 2024

AUBURN HILLS, MICHIGAN, USA (08 April 2024) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, has strengthened its executive leadership team with the appointment of Julien Plenchette as President – Americas.

Plenchette is a seasoned automotive executive with over 20 years’ experience in the industry, including senior positions with other leading tier-one automotive suppliers such as ZF/Wabco, LS Automotive and Valeo. He was latterly Managing Director and Vice President of Aptiv’s Active Safety and User Experience Business Unit in North America.

Completing TIFS’ regional leadership team, Plenchette joins President for Asia Pacific, Henri Tsang, and President for Europe, Middle East, and Africa, Steve Vercauteren. The Group’s regional structure has been in place since 1 January 2024, improving alignment with customers, increasing flexibility to shift resources between product lines and creating synergy opportunities. Moreover, it enhances regional leaders’ agility to respond to changes in their markets, particularly the transition to electrification which is occurring at different speeds in regions.

This appointment also allows Stefan Rau to focus on his role as Chief Operating Officer, leading the Group’s operational efficiency and productivity programmes to drive progress towards TIFS’ mid-term targets and ensure long-term cost competitiveness.

Hans Dieltjens, CEO and President of TI Fluid Systems said, “We have built a strong, well-balanced leadership team with a broad range of skills and experience. I am delighted to welcome Julien as President of the Americas and look forward to working with him to build on our positive momentum.

I would also like to thank Stefan for taking on the role of President for the Americas over the last few months in addition to his COO role. Productivity and efficiency have always been in TIFS’ DNA and we are well on track with implementing planned initiatives.

Our prospects are exciting, our Taking-the-Turn strategy is delivering, and our propulsion agnostic portfolio means we are ideally positioned for the industry transition. These organizational changes will support the continued execution of our strategy as we strengthen our position as an industry leader.”

About TI Fluid Systems

TI Fluid Systems is a global innovator of thermal and fluid systems solutions for the full range of current and developing vehicle architectures. Serving all major automotive manufacturers, with more than 100 years of automotive supply experience; TI Fluid Systems operates across 26 countries with a commitment to improving efficiency, performance and sustainability worldwide.

Empowering Leaders: Inside TI Fluid Systems’ Ongoing Leadership Development

Posted on February 28, 2024 by edzwonkiewicz

At TI Fluid Systems, we firmly believe in the power of continuous learning as a cornerstone of success. Why? Because it enables employees to adapt to evolving technologies, industry trends, and job roles, fostering innovation, growth, and resilience within the organization.

Within our six Mindsets for Success, ‘be a continuous learner’ stands to foster a culture of ongoing education and drive our commitment to personal and professional growth. We extend this ethos to all members of our team, actively supporting employees to undertake training and participate in courses to further their learning and enhance knowledge.

An example of this is our leadership training sessions tailored for the US management team. These sessions started in 2023 and serve as a resource for managers to refine their leadership skills and gain insights from industry experts. The sessions are remote, optional to join, and foster a collaborative environment where knowledge sharing thrives.

Led by a trusted external provider, these training sessions feature expert speakers who dive into a diverse range of topics. From fostering diversity and inclusion to navigating complex employment laws, each session is curated to address critical aspects of effective leadership. The team has the opportunity to put forward subjects of interest, and training is developed to meet our needs.

Following the success of the training in 2023, we’re excited to be continuing the sessions on a quarterly basis throughout 2024, with a number of topics already selected and planned for the months ahead. These topics include:

Leading and working with different personality styles – using the color assessment to identify common themes, superpowers and roadblocks to communication and workstyles.
Anti-harassment and anti-discrimination in the workplace – applying processes and policies to real world scenarios.
Technology’s impact on communication – a dive into how technology affects our workplace relationships and assessing its overall effectiveness in various situations.

Fostering a culture of continuous learning is vital for us as we look to empower our employees in their development. We remain committed to ensuring that our team is encouraged to explore new and effective ways of growing on both a personal and professional level.

TI Fluid Systems Announces Collaboration with Sanden to Accelerate Next Generation Thermal Refrigerant Modules

Posted on December 12, 2023December 12, 2023 by edzwonkiewicz

TI Fluid Systems (TIFS) has signed a Collaboration Agreement with Sanden, a leading supplier of e-compressors, which are complementary to TIFS’s market-leading capabilities in thermal management technologies
The two companies will work in partnership as TIFS drives development of its next-generation automotive Thermal Refrigerant Modules
“Through this collaboration with Sanden, we will accelerate module innovation and development with a view to drive efficiency and better support our customers. It’s a unique combination of skills in Thermal Management to significantly enhance the transition to electrification”, Hans Dieltjens, President and CEO, TIFS

AUBURN HILLS, MICHIGAN, USA (12 December 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has signed a Collaboration Agreement with automotive thermal management specialist, Sanden.

Through this collaboration, TIFS’s market-leading capabilities in thermal management technologies will be complemented by Sanden’s strengths in refrigerant, especially in e-compressors. The two companies will join forces to accelerate TIFS’s development of next-generation automotive Integrated Thermal Modules, leveraging their combined expertise.

The strategic collaboration will enable TIFS to meet growing market demands for highly efficient thermal management architectures and offer customers a complete solution for Integrated Thermal Modules.

Sanden, known for its innovative and quality-focused approach, is a strong fit and well-suited to work in collaboration with TIFS to bring next-generation Thermal Refrigerant Modules to the market. With 40 years as an innovator in automotive technology and operations in 23 countries, Sanden complements TIFS’ own global footprint and 101-year legacy at the forefront of automotive supply.

Hans Dieltjens, President and CEO of TIFS, commented, “Through this collaboration with Sanden, we will accelerate module innovation and development in order to fully support our customers with their transition to electrification. Our agreement with Sanden is grounded in a shared commitment to quality and environmental sustainability. The alignment of our product portfolios and manufacturing expertise creates strong synergies and a solid foundation to support our customers with innovative thermal management solutions for electrified vehicles.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

TI Fluid Systems is a global innovator of thermal and fluid system solutions for the full range of current and developing vehicle architectures. Serving all major automotive manufacturers, with more than 100 years of automotive supply experience; TI Fluid Systems operates across 28 countries with a commitment to improving efficiency, performance and sustainability worldwide.

Advancing Safety Together: 2023 Global Safety Week

Posted on November 15, 2023 by edzwonkiewicz

Last month, TI Fluid Systems hosted its first Global Safety Week from the 16^th to the 20^th October. Marking another significant step forward in our commitment to safety, health, and well-being in the workplace. The week-long event was modeled on our successful European Week for Safety and Health at Work in 2022.

Global Safety Week emphasized the value of safety, health, and well-being among TI Fluid Systems employees. Before the event took place, our Corporate Environmental, Health, and Safety (EHS) teams unveiled the theme for 2023’s event – Advancing Safety Together. The specific focus of this global campaign was on reducing the incidence of slip, trip, and fall injuries, which are among the most common workplace injuries worldwide.

We set out on a clear mission to foster a positive safety mindset that would enable us to continually enhance our safety culture. Setting up activities that add real value to our global teams, we helped to raise awareness of the importance of safety and well-being in the workplace and celebrate our existing safety successes.

To ensure that our safety messages reached every corner of our organisation, we translated and distributed training materials and information packs to our global teams. It wasn’t all hard work though; we had over 1700 employees take part in a global safety quiz, with the lucky winners in each region taking home prizes for their engagement and attention to detail.

Safety Week activities were hosted all over the world and included a diverse set of offerings and activities. In Baroda India Safety Week activities included an inaugural speech, igniting the lamp, and a safety oath ceremony. Employees took a hands-on approach throughout the week as they took part in induction training and were rewarded with badges as a symbol of their commitment to safety. Our Bursa Turkey team took on an active role throughout the week, too. The highlight of the team’s efforts in Turkey saw them proactively enhance safety awareness by placing warning signs in high-use areas, which emphasized the risks associated with slips, trips, and falls on stairs. In Mexico City, the management team coordinated safety training and drills with a health event designed to bring health services and vendors directly to the plant to make it as easy as possible for employees to access various healthcare options.

Our Safety Week campaign was built around the core principle of advancing safety together, and it provided us with a platform to highlight the vital role of safety, health, and well-being in the workplace. We look forward to continuing our pursuit of safety, health, and well-being together as one global team. We want to thank all those who participated, and we are excited about making Safety Week at TI an annual global event.

TI Fluid Systems Completes Acquisition of Cascade Engineering Europe

Posted on November 6, 2023 by edzwonkiewicz

TI Fluid Systems (TIFS) has completed a deal to acquire Cascade Engineering Europe (CEE), a leader in the design and manufacture of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry
The acquisition will increase TIFS’ thermal connector market share, while enhancing its technology in a rapidly growing segment of the electrified vehicle market

AUBURN HILLS, MICHIGAN, USA (6 November 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has completed the acquisition of Cascade Engineering Europe (CEE), a Hungarian-based leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “Our acquisition of CEE is tangible evidence that we are delivering on our electrification strategy and taking the turn. By integrating CEE’s operations and expertise into our global business, we are growing our market share in thermal fluid connectors for electric vehicles – a critical segment for us. I would like to extend a warm welcome to CEE’s staff, and we look forward to working alongside them as we continue to follow our growth strategy.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

TI Fluid Systems Strategic Growth Investment in China

Posted on October 27, 2023 by edzwonkiewicz

SHANGHAI, CHINA (26 October 2023) — TI Fluid Systems, a leading global supplier of thermal and fluid systems solutions, held an opening ceremony for its e-Mobility Innovation Center (eMIC) on October 26, 2023, in Jiading, Shanghai. This is the fourth eMIC established by TI Fluid Systems globally, following earlier successes in Germany, Japan and Korea.

The latest China eMIC in Jiading, Shanghai has two floors with a total area of 2,400 sqm divided into an innovation area, lab area, and office area. As a state-of-the-art technology innovation center, the eMIC will promote collaboration between the company and its partners to jointly develop thermal management solutions for electric vehicles (EVs). Through the eMIC, TI Fluid Systems will work in close partnership with OEM customers to develop products and solutions that directly address local requirements within a competitive timeframe, and enable customers to bring new EV platforms to market quickly and successfully.

Hans Dieltjens, CEO and President of TI Fluid Systems, said, “TI Fluid Systems is extremely well-positioned to drive growth in China by supporting local and global OEMs. The dynamic, rapidly changing Chinese market is leading the way in the industry’s transition to electric vehicles. Our latest eMIC is an important strategic step forward, enabling us to work in collaboration with customers. We will provide customers with a one-stop shop to tackle their thermal management challenges and accelerate their speed to market. I believe that our eMIC will enhance our position in China and underwrite our continued growth by helping our customers to succeed.”

Johannes Helmich, Chief Technology Officer of TI Fluid Systems stated, “Customer feedback on our eMICs has been very positive. By bringing together six core competencies under one roof – virtual engineering, designing, processing, prototyping, product testing, and vehicle testing – we can develop solutions that address customers’ needs quickly. We do this by collaborating with our customers, and working as an engineering partner. This speed to market will be a key differentiator in China, particularly with local OEMs.”

As one of the most important markets in the world, China is playing a pivotal role in TI Fluid Systems adopting a global development strategy. eMIC China will bring together top Chinese engineering talent from the automotive industry. To date, the development of electric vehicles is gaining strong momentum. Facing the increasingly competitive Chinese market, the eMIC will help local OEMs to cope with market changes and competitive challenges.

James Bao, Managing Director FCS of TI Fluid Systems in Asia Pacific, added, “TI Fluid Systems has operated successfully in China for almost four decades; our Chinese business has strong foundations and a keen local focus – we are close to customers, with a local supply chain and local solutions. Our latest eMIC is another important step forward, enhancing our local offering by providing customers with the faster design and development speed they seek. Through our continued commitment to investing in China and local economic development, we will continue to support the Chinese automotive market with its electric transition.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

Welcoming Cascade Engineering Europe to the TI Fluid Systems family

Posted on September 11, 2023 by edzwonkiewicz

We are excited to announce that TI Fluid Systems (TIFS) has agreed to acquire Cascade Engineering Europe (CEE), a company based in Hungary known for its excellence in the automotive sector.

As a leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components, CEE has a strong reputation for its technical expertise and product quality – offering design, development, tooling, prototyping and serial manufacturing capabilities.

The acquisition aligns with our long-term electric vehicle strategy to increase our market share in the thermal connector market and increase vertical integration. The acquisition of CEE will also increase the components in the TIFS product portfolio to support the growth of internal content in our innovative Integrated Thermal Modules.

But this move isn’t just about strategy and commercial growth. It’s about people. Soon, we will be welcoming 349 new faces, talents and stories to the TI Fluid Systems family, bringing fresh perspectives and expertise to fuel our collective journey into the future. We’re looking forward to the coming weeks as we offer a warm welcome to the team at CEE and get to know our new colleagues.

Over the years, CEE has not just been a supplier to TI Fluid Systems but also a valuable partner. The company’s reputation for technical competence, particularly in fluid connectors and plastic injection moulded components, is unparalleled, and we have always shared mutual respect and trust.

TI Fluid Systems will take on CEE’s 6,500m² manufacturing facility in Budapest, Hungary, together with its dedicated employees, further strengthening our technical and manufacturing capabilities.

The acquisition is subject to customary closing conditions and regulatory approval.

TI Fluid Systems to Acquire Cascade Engineering Europe

Posted on September 5, 2023September 5, 2023 by edzwonkiewicz

TI Fluid Systems (TIFS) to acquire Cascade Engineering Europe (CEE), a leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry
The acquisition will increase TIFS’ thermal connector market share while enhancing its technology in this rapidly growing segment of electrified vehicles
TIFS will welcome CEE’s 349 dedicated employees and acquire the 6,500m² manufacturing facility in Budapest, Hungary

AUBURN HILLS, MICHIGAN, USA (5 September 2023) — TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has agreed to acquire Cascade Engineering Europe, a Hungarian-based leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry. The business has a strong reputation for its technical expertise and product quality, with in-house capabilities from design and development to tooling, prototyping and serial manufacturing.

TIFS will acquire CEE for a cash consideration of $27.7 million (c. €25.4 million) or about 6x estimated 2023 EBITDA excluding synergies. CEE is expected to generate revenue of c.€35 million in the year ending 31 December 2023 and the acquisition will be immediately accretive to the group’s underlying earnings. The acquisition is subject to customary closing conditions and regulatory approval.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “Adding CEE’s operations and expertise to our portfolio is an important strategic step for TIFS. This acquisition grows our market share in thermal fluid connectors for electric vehicles and aligns with our overarching electrification strategy. I would particularly like to extend a warm welcome to the dedicated staff at CEE who will join the Company as it follows its growth strategy.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

Disclaimer

This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of TI Fluid Systems plc (the “Company”). The words “expected”, “estimated”, “will”, “should” and similar expressions identify forward-looking statements. Others can be identified from the context in which they are made. By their nature, forward-looking statements involve risks and uncertainties, and such forward-looking statements are made only as of the date of this announcement. Accordingly, no assurance can be given that the forward-looking statements will prove to be accurate and you are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty therein. The past performance of the Company cannot be relied on as a guide to future performance. Nothing in this announcement should be construed as a profit forecast.

TI Fluid Systems Appoints Janis N. Acosta as Chief Legal Officer & Company Secretary

Posted on August 28, 2023 by edzwonkiewicz

TI Fluid Systems has appointed Janis N. Acosta as Chief Legal Officer and Company Secretary
Janis brings over 20 years of global tier-one automotive supply experience to the role
Hans Dieltjens, President and CEO of TI Fluid Systems: “We are delighted to have Janis on board at what is an exciting period of growth and transition for our business”

AUBURN HILLS, MICHIGAN, USA (28 August 2023) — TI Fluid Systems (TIFS), a leading global supplier of automotive fluid systems technology, today announced the appointment of Janis N. Acosta as the company’s Chief Legal Officer and Company Secretary.

Acosta has over 20 years of experience in the global tier-one automotive supply industry. She has led high-performing legal teams and managed legal strategy in senior leadership positions at International Automotive Components (IAC) Group and Lear Corporation, including as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary at IAC Group and Deputy General Counsel at Lear Corporation. As a former global legal executive and partner at international law firm Winston & Strawn LLP, her background includes experience in mergers and acquisitions, capital markets transactions, corporate governance, regulatory and legal compliance, as well as commercial and cross-border transactions.

Based at TIFS’ company headquarters in Auburn Hills, Michigan, Acosta will be a key figure in the executive committee, responsible for overseeing the company’s legal and regulatory affairs on a global basis. She replaces David Ludlow, who has held the role of Interim Chief Legal Officer since April 2023.

Hans Dieltjens, President and CEO of TI Fluid Systems, said, “With a sharp legal mind and extensive experience in tier-one automotive businesses, Janis is an excellent addition to our executive team. We are delighted to have her on board at what is an exciting period of growth and transition for our company.”

To find out more about TI Fluid Systems, visit www.tifluidsystems.com.

About TI Fluid Systems

Committing to the future: TI Fluid Systems commits to the SBTi

Posted on August 10, 2023July 27, 2023 by edzwonkiewicz

TI Fluid Systems has finalised a letter of commitment to the Science Based Targets Initiative (SBTi), marking a significant step for our business. The letter, which has been sent to the body for validation, sets out the internal targets we have set for the business.

In setting ourselves a target to reduce our Scope 1 & 2 emissions by 50% in the coming years and our Scope 3 emissions by 30% by 2030, we are demonstrating our commitment to a future built on greater sustainability.

SBTi is a global body that empowers businesses to set ambitious emissions reduction targets in line with the latest climate science. Its short-term goal is to accelerate a 50% reduction in the emissions of businesses globally before 2030, before achieving net-zero emissions by 2050.

The SBTi Commitment is a collaborative initiative between the United Nations (UN) Global Compact, CDP, the World Resources Institute, the World Wide Fund for Nature, and the We Mean Business Coalition. Its purpose is to define and promote the best practice in science-based target setting, as well as to offer resources and guidance to reduce barriers to adopting these targets, and independently assess and approve the targets set.

This is the latest of many sustainability measures that we have taken in recent years. For example, we have opened three state-of-the-art e-Mobility Innovation Centers in Germany, Japan and South Korea over the last 15 months to help our customers navigate the transition to electric vehicles. We have also worked with the CDP to disclose our environmental data, and have committed to participating in the UN Global Compact.

It is essential that we take tangible steps toward a sustainable future for our business, our employees, their families and our customers. The Intergovernmental Panel on Climate Change’s latest forecasts indicate that limiting the global temperature to 1.5°C is still a possibility, although we are moving dangerously close to the threshold. Urgent action must therefore be taken by businesses all over the world.

For more information on the SBTi, go to www.sciencebasedtargets.org.