Our strategy
Our growth strategy encompasses three key elements
Geographic expansion
We are expanding in high-growth markets such as China, India and Eastern Europe, where we have opened a number of new facilities and increased our market presence in recent years.
 |
Opened a new Power Transmission facility in Chennai to supply local customers and Fluid Power invested for increased manufacturing capacity in India. |
 |
Seven facilities in China with the Gates Winhere pump business investing for increased manufacturing capacity. |
Organic growthWe are focused on growing our revenues organically through a combination of product innovation and technology.
 |
Doubled sales of our Schrader Electronics business in 2007 with the success of its remote tyre pressure monitoring systems and entered the North American aftermarket for this product. |
 |
Strong growth in our aftermarket business with products such as Micro-V® belts and tensioners, and grew globally by over 6.0% in 2007. |
Strategic acquisitionsWe are continually looking for bolt-on acquisitions that add value by creating synergies with our existing businesses, extending our product portfolio and expanding our geographic coverage.
 |
Acquired Swindon Silicon Systems thereby accelerating Schrader Electronics' product development capability based on ASIC technology. |
|