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Collins & Aikman Corporation
Type Defunct
Founded 1891
Headquarters Southfield, Michigan, USA
Industry Auto Parts
Products automotive interior components, systems and modules, plastic components and cockpits, soft trim and convertible roof systems, instrument panels, fully assembled cockpit modules, floor and acoustic systems, automotive fabric and interior trim, exterior trim and trim set, backlights, and tonneau covers and power actuating systems
Revenue $3.983 billion USD (2005)
Operating income $102.00 million USD (2005)
Net income $57.00 million USD (2005)
Employees 14,000 (2006)

Collins & Aikman Corporation Collins & Aikman Corporation Industry: Auto & Truck Parts

Collins & Aikman Corporation was a global leader in cockpit modules and automotive floor and acoustic systems and a supplier of instrument panels, automotive fabric, plastic based trim and convertible top systems. The Company's operations spanned 15 countries, incorporating about 120 facilities and approximately 25,000 employees.

Business summary

Collins & Aikman Corporation was engaged primarily in the design, engineering and manufacture of automotive interior components, systems and modules. The Company supplies products from three primary categories: plastic components and cockpits, soft trim and convertible roof systems. Its products included instrument panels, fully assembled cockpit modules, floor and acoustic systems, automotive fabric and interior trim, as well as exterior trim and trim set, backlights, well slings, tonneau covers and power actuating systems. In North America, Collins & Aikman manufactured components for approximately 90% of all light vehicle production platforms. Sales are primarily made to North American-based original equipment manufacturers (OEMs), as well as Asian- and European-based OEMs. It conducted all of its operating activities through its wholly owned subsidiary Collins & Aikman Products Co.

Financial summary

For the 39 weeks ended 9/30/04, revenues fell less than 1% to $2.97B. Net loss totaled $108.6M, up from $47.6M. Revenues reflect the negative volume mix change relates to elevated dealer inventory levels. Net loss also reflects reduced gross margins and a $20.3M loss on early extinguishment of debt.

On October 12, 2007 Collins & Aikman Corporation went out of business as per its Chapter 11 liquidation filing under bankruptcy.

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