Sogefi

Sogefi

Sogefi is a world leader in automotive components in three areas: suspensions, filtration, air and cooling. Founded by CIR in 1980, the group is present in 23 countries.

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Sogefi at a glance

Sogefi develops and produces components for suspensions, filters, and air & cooling systems. It has partnerships with leading car makers worldwide and operates in the original equipment and original replacement markets, and independent aftermarkets. The company, controlled by CIR with a 56.7% stake, is listed in the STAR segment of the Borsa Italiana (Italian stock exchange). 

The group has approximately 6,800 employees. In 2019, it had revenues of € 1.52 billion, EBITDA of € 174.3 million and a net profit of € 3.2 million.

€ 1.519M

2019 REVENUES

40

PRODUCTION
PLANTS

23

COUNTRIES

6,800

EMPLOYEES

Sogefi is the company in the group with the most international footprint, present in four continents with 40 production plants. The company is expanding rapidly in markets outside Europe – which accounts for 40% of revenues – particularly in North America, South America and Asia. 

To ensure its future growth, Sogefi intends to develop innovative and high technology products, consolidate leadership in certain components, and cover all geographic areas that are growing.

Cooling products offer the greatest opportunities thanks to the spread of New Energy Vehicles (NEV) that include hybrid, battery electric and combustion cell electric vehicles. The internal combustion engine, however, will still account for a substantial part of the market for some time. In this context, Sogefi is aiming for profitable growth with differentiated product strategies for all types of vehicles. 

2019 revenues by area of activity (Million €)

LabelValoreUnitàDettaglio
Suspensions36%€ 549.7 M
Filters36%€ 546.4 M
Air and cooling systems28%€ 426.1 M

2019 revenues by geographic area (Millions €)

LabelValoreUnitàDettaglio
Europe61%€ 928.7 M
North America19%€ 288.7 M
South America10.4%€ 160.6 M
Asia9.6%€ 149.9 M

How the company operates

Over time, the group has demonstrated a great capacity to integrate different cultures, technologies and markets. Sogefi bases its way of working across six values.

Quality and the continuous improvement of product performance

Innovation

Commitment to achieving targets

Efficiency of organizational and decision making model 

Solidity of management, company vision, production processes

Trustworthiness

Suspensions

Sogefi produces a complete range of suspensions: coil springs, stabilizer bars, torsion bars, stabilinkers, leaf springs and track adjusters. 

Sogefi is the second producer in Europe in the stabilizer bar segment.

The suspensions are developed in close cooperation with the makers of cars, light and heavy commercial vehicles, earth-moving machines, armored vehicles and railway rolling stock.   

The division also produces precision springs, which are used in a diversity of industrial sectors (aerospace, nuclear energy, transport, energy production and distribution oil and gas, medical).

The Suspension Business Unit, which is the least exposed to sector trends, has 21 plants in 12 countries.

Filtration

Sogefi produces a complete range of filters (oil, petrol, diesel fuel, air and passenger cabin) for original equipment, replacement for original suppliers, and for the independent Aftermarket, with important technological innovations.
Sogefi is the world’s second producer of oil filters.

The Filtration Business Unit has 14 plants in 11 countries.

The Sogefi Aftermarket serves all auto repair market channels for independent workshops at the world level, with the brands Purflux, FRAM®, CoopersFiaam and Tecnocar for light vehicles and Sogefi Pro dedicated to applications for commercial vehicles.

The Purflux filters, in particular, are the leader in France’s Aftermarket.

The Aftermarket, which represents 55% of the division’s European sales, guarantees resilience against any eventual fluctuations of volumes in original equipment.

Air and cooling

Sogefi produces high technology plastic components for cooling motors, in close cooperation with carmakers’ R&D departments. In particular, it produces intake manifold systems, air induction systems, charged air ducting, thermostat housing and ducts, coolant pump modules.

Sogefi is the second producer in the world of intake manifold systems.

The Air and coling division, which has 7 plants in 6 countries, has many opportunities for growth in the electric Power Train context.

Innovation

The group distinguishes itself for its great commitment to research: each year, in fact, it invests around 3% of consolidated revenues in R&D and has four research centers and development centers, located in Brazil, China, France, Germany, India and the United States of America.

Researchers work toward the continuous improvement of products in terms of life cycle, effectiveness, size, weight and environmental compatibility.

DEEPENING

Sogefi, supplier of innovative products for hybrids and electric

The world’s leading carmakers have chosen Sogefi as their supplier of high technology components for hybrid and electric vehicles.

Since 2019, Sogefi has produced pumps for cooling liquid motors for Volvo’s hybrid vehicles and makes a module that manages the cooling of the electric motor of a prestigious German electric sports vehicle, batteries and control systems, contributing to boost the performance and lifecycle of components. 

The company is also developing innovative components which, beginning from 2021, will equip a new generation of combustion cell electric vehicles.

Beginning in 2021, Sogefi will supply new cooling intakes for the battery pack of Renault-Nissan’s electric vehicles. The component guarantees the improvement of the temperature regulation circuit of batteries, increasing their efficiency and durability.

Clients

Sogefi’s balanced client portfolio is one of its strengths. The major clients – PSA, Renault/Nissan, Ford and FCA – each represent more than 10% of sales.

2019-2018 revenues by client 

LabelValoreUnitàAnno
Ford10.7%2019
Ford10.9%2018
FCA / CNH Group10.1%2019
FCA / CNH Group11.2%2018
Renault / Nissan11.7%2019
Renault / Nissan11.1%2018
PSA11.2%2019
PSA10.7%2018

Sogefi in the world

Sogefi’s industrial facilities are located in Italy, France, Germany, United Kingdom, the Netherlands, Romania, Spain, Slovenia, United States, Canada, Mexico, Brazil, Argentina, India, China and Morocco.

Documents

Q1 2020 Results presentation

2019 Financial report

2019 Non-financial statement

Contacts