Advancing Safety Together: 2023 Global Safety Week

Last month, TI Fluid Systems hosted its first Global Safety Week from the 16th to the 20th 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

  • 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 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.

TI Fluid Systems Strategic Growth Investment in China

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

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.

 

Welcoming Cascade Engineering Europe to the TI Fluid Systems family

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

  • 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

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.

 

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

  • 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

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.

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

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.

Kicking off the new season

In recent years, TI Fluid Systems employees in Poland have laced up their boots and taken to the football pitch to represent the company. Consisting of mostly TIFS employees, the team participates in the local business league in Bielsko-Biała and will begin its fourth season in the competition in August. As you can see, the team’s kit is sponsored by TI Fluid Systems, with the company’s logo taking pride of place as the logo of the team.

Last time out, the team achieved a respectable 9th place finish in the league. In their attempts to be as successful on the pitch as they are in the workplace, our band of footballers have competed in the first division of the league, and have come close to winning a number of tournaments, ultimately finishing second and third.

The team provides TIFS employees with the opportunity to get together outside of their place of work and have fun with their colleagues. With our Polish team consisting of multiple departments, some employees will find themselves lining up alongside people that they don’t typically come across at work.

We are extremely proud of the efforts of our football team in Bielsko-Biała, and we look forward to hearing about their upcoming season. The team is one of many TIFS football line-ups across the world, so keep a lookout for updates on some of the others.

TIFS Asia-Pacific e-Mobility Innovation Center Openings Make the Headlines

In June, we marked the opening of our state-of-the-art e-Mobility Innovation Centers (eMICs) in Incheon, South Korea, and Nagoya, Japan, by hosting commemorative events for customers, national media and local Government officials.

Our invited guests were given an exclusive overview of the facilities by Hans Dieltjens and Johannes Helmich, and were introduced to the six core competencies –  virtual engineering, design, processing, prototyping, product testing, and vehicle testing – that will be brought together at each facility. Our team of engineers at both sites were on-hand to demonstrate how our eMICs are designed to shorten product development cycles for our customers, enabling them to bring products to market faster than ever before.

Following the success of the first eMIC in Rastatt, Germany, the launch of two more facilities of this nature is a significant milestone for TI Fluid Systems. These facilities will enable us to fast-track the development of thermal management solutions for electric vehicles (EVs) in Asia, and will allow us to work closely with our customers in what is a key region in the EV market.

The events clearly struck a chord with the media, delivering significant print, online and broadcast coverage before and after the openings. In the lead up to both events, journalists from both countries wrote about the significance of the new eMICs, with 23 stories hitting the press in South Korea, and 31 articles being published in Japan.

Following the openings, the South Korean media issued a variety of featured articles, interviews, and photo-based content. Journalists from Green Economy News, The Mobillians, and Ilyo Seoul published features following their visit to the event in Incheon, showcasing their unique insight into the launch of the brand-new facility. As you can see here, Segye ilbo issued an exclusive interview with Hans Dieltjens, highlighting the level of access journalists in attendance had to our executive team.

Comprehensive coverage also made its way out of Japan, with over 30 pieces of coverage issued across the automotive and business sections of the Japanese media. These included print articles in Daily Automotive News and The Mid-Japan Economics Newspaper, as well as features on Nico Nico News and Sakae Economics. News of the event in Nagoya spread to television, too, as Chukyo TV covered the launch on its news channel. A short clip of the coverage can be seen here.

We are delighted that the opening of our two new eMICs have been so well received across both markets. Keep an eye out for news of further facilities being opened in the Asia Pacific and North America regions later this year.

Global internship programme continues to flourish

Our global internship program has taken great strides this year, helping to underline our commitment to developing the next generation of talent.

Our teams in Europe, South America, North America, and the Asia-Pacific region have all embraced the program, taking on a number of interns from higher education institutions in their local markets. In South America, for instance, 14 interns have been introduced into various departments across three different locations; Gravataí, Juatuba, and São José dos Campos, while our manufacturing plants in China can take on up to five people in the program at a time.

As well as gaining important experience, the interns are adding real value to their teams, providing practical support and fresh insight across a variety of departments, including advanced engineering, process engineering, purchasing, IT, and logistics.

The program delivers an excellent opportunity for our interns to learn from our exceptional team of experts across the world, benefitting from the experience and knowledge of TI Fluid Systems staff who are at the cutting edge of our industry. It has also given many interns an opportunity to experience our state-of-the-art facilities, including the revolutionary e-Mobility Innovation Center (eMIC) in Rastatt, Germany, and our company headquarters in Auburn Hills, Michigan.

As each internship comes to an end, we liaise with the interns’ universities to give feedback on their performance and, where appropriate, emphasise the positive impact that they have had on our daily operations.

We are delighted with how our global internship program is developing. Moving forward, we are excited to continue to bring the industry’s leading talent through our doors and provide them with the opportunity to develop on our watch.