Supplier Profile: TRW
TRW bids to gain dominance in the key market areas, notwithstanding slowdown ongoing in Europe
The continuing gloomy economic environment in the European market has prevented many automotive suppliers from making investments lately. Plant closures, production cuts by automakers, huge inventory levels and hostile currency fluctuations are among the main factors that are hurting investors’ confidence currently. However, there are some suppliers which have managed to perform well amid the slowdown. TRW is one such company. TRW’s vast product portfolio and wide presence has helped it weather difficult economic conditions. Well recognised as a key safety systems supplier, TRW manufactures active safety products in the chassis technology area of braking, steering and suspension and is also a major supplier of passive safety systems, such as seat belts and airbags. The company’s categorises its operations into following four segments:
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