Napa Auto Parts 2002 Annual Report Download - page 12

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2003 Market Growth Opportunities
Demand in the industrial markets served by Motion track
industrial production and factory utilization. Despite contin-
uing weak conditions in the manufacturing sector, Motion
responded to these economic challenges by improving revenue
growth each quarter in 2002. Motion Industries’ growth plans
and opportunities for 2003 include a combination of expanded
products and services throughout the North American system.
Support for delivering on these plans encompasses the addition
of new product offerings, the implementation of warehouse
management software at all North American distribution
centers, and the enhancement of its e-business systems.
Solidly positioned to deliver the difference, Motion Industries
has identified opportunities in several new markets in 2003.
New Markets
The automotive market, with new plants opening throughout
the southeastern area of the country, is a new avenue of growth
for Motion Industries. The Company is experiencing success
due to its capabilities in sourcing of product, affiliation with
strategic suppliers, commitment to quality (ISO) programs,
sophisticated inventory management programs, and a North
American service network. Motion Industries is well positioned
to respond to the rapid influx of automotive companies
opening new plants in North America.
A current trend of industrial automation enables Motion
Industries to respond to the ongoing shift from mechanical
control systems to electronic control systems with its solid
foundation in technical and product expertise. This opportu-
nity creates a new market as manufacturers seeking greater
productivity through automation benefit from Motion’s
proficiencies in this area. Motion meets this need with special-
ized knowledge in the areas of electrical control, linear motion,
As North America’s largest distributor of bearings, mechanical power transmission, electrical power transmission, hydraulic,
pneumatic and hose products, Motion Industries supplies products and services throughout all industry segments in North
America. Motion Industries distinguishes itself in the industrial market place by “Delivering the Difference.” The difference
is found in over 5,500 employees serving local markets through the branch location network. Service offerings include
24/7/365 product delivery, repair and fabrication, as well as Motion’s integrated supply process. These services are
supported through a sophisticated inventory, logistics and delivery system, customer access to over three million parts, and
strategically located field product specialists to provide on-site technical support to meet the urgent demands of industry.
Motion Industries meets the customer’s needs through a total of 504 locations that include 466 branches, 9 distribution
centers and 29 service centers throughout North America.
Headquartered in Birmingham, Alabama, Motion Industries began as a business enterprise in 1946 and has grown through
acquisition and internal branch expansion since that date. Since its acquisition in 1976 by Genuine Parts Company, Motion
Industries has grown in annual sales from $95 million to $2.2 billion in 2002.
10
INDUSTRIAL
PARTS GROUP