Tower International
| Company type | Public |
|---|---|
| NYSE: TOWR Russell 2000 Component | |
| Industry | Automotive industry |
| Founded | 1993 |
| Headquarters | , |
Number of locations | 29 facilities |
Area served | Worldwide |
Key people |
|
| Products | -Body structural stampings and assemblies -Chassis structural stampings and assemblies, including full frames and cradles |
| Revenue | US$ 2.0 billion (FY 2017) |
Number of employees | 7,600 |
| Website | www |
Tower International is a manufacturer of automotive structural metal components and assemblies primarily serving original equipment manufacturers (“OEMs”). Tower International supply body-structure stampings, frame and other chassis structures, and complex welded assemblies for small and large cars, crossovers, pickups, and sport utility vehicles.
Headquartered in Livonia, Michigan, the company generated revenues of $2.0 billion in 2017. Their products are manufactured at 23 facilities, located near customers in North America and Europe. Tower supports the manufacturing operations through six engineering and sales locations around the world.
History
[edit]Tower International was formed in 1993, however many of the engineering and manufacturing operations date back further. A.O. Smith Automotive Products Company, which was acquired by Tower International in 1997, has roots dating back to the early days of the automotive industry. The 1903 Cadillac was produced on the first steel frame which was invented by A.O. Smith. In the 1920s their first fully automatic frame line with adjustable riveting robots became known as a “Mechanical Marvel”.[citation needed] On October 15, 2010, Tower International common stock began trading on the New York Stock Exchange following the initial public offering (“IPO”).
Products
[edit]Tower International provides stampings, structures and assemblies.
Body Structures
[edit]Integral components forming the upper-body structure of the vehicle.
Class A Products
[edit]Large stampings which require flawless surface finishes.
Chassis Structures
[edit]Products forming the basic lower-body structure of the vehicle.
Complex Assemblies
[edit]Complex assemblies representing major portions of a vehicle's body structure.
Non-Automotive
[edit]Manufacturing of metal structures for other industries.
Locations
[edit]
Tower is headquartered in Livonia, Michigan.[1] The 23 production facilities are supported by 6 engineering and sales locations.[2]
References
[edit]- ^ "Cerberus's Tower Automotive Plans IPO to Repay Debt". Business Week. 4 October 2010. Archived from the original on October 13, 2010. Retrieved 24 December 2010.
- ^ "Locations". Tower International. Archived from the original on 2014-01-02.