Tecumseh Products 2014 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2014 Tecumseh Products annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

13
ITEM 2. PROPERTIES
Our headquarters are located in the United States of America in Ann Arbor, Michigan, approximately 40 miles west of Detroit.
We have properties in the U.S., Brazil, France, India, Canada, Mexico, China and Malaysia, occupying approximately 4.8
million square feet; approximately 3.9 million square feet are devoted to manufacturing and assembly. Manufacturing and
assembly facility utilization varies during the year depending on the production cycle. All owned and leased properties are
adequate and suitable, well maintained and equipped for the purposes for which they are used. See Item 1. Business -
"Manufacturing and Assembly Operations" for a description of the production capacity of our manufacturing and assembly
facilities. Management believes our manufacturing facilities have excess capacity around the world and is considering reducing
excess capacity which could result in a significant change in our manufacturing footprint.
The schedule below outlines our significant facilities by location, ownership and function as of December 31, 2014.
Location Square Feet Ownership Use
United States:
Verona, Mississippi 530,000 Leased Manufacturing
Tupelo, Mississippi 135,200 Leased Distribution
Tupelo, Mississippi 100,000 Leased Distribution
Paris, Tennessee (a) 190,000 Owned Manufacturing
Tecumseh, Michigan 26,343 Owned Storage
Ann Arbor, Michigan (b) 32,400 Leased Subleased
Ann Arbor, Michigan 49,500 Owned
Office and Technical
Center
Brazil:
Sao Carlos, Brazil Plant 1 431,905 Owned Manufacturing
Sao Carlos, Brazil Plant 2 1,001,249 Owned Manufacturing
France:
Cessieu, France 316,925 Owned Manufacturing
Barentin, France 312,363 Owned Manufacturing
La Mure, France 114,379 Owned Manufacturing
La Verpilliere, France 341,415 Owned Technical Center
Vaulx Milieu, France 240,078 Leased Office and Distribution
India:
Hyderabad, India (c) 466,962 Owned Manufacturing
Ballabgarh, India (c) 246,128 Owned Manufacturing
Canada:
Aylmer, Ontario, Canada 77,700 Owned Assembly
Mexico:
Monterrey, Mexico 50,000 Leased Assembly
China:
Song Jiang, China 72,000 Leased Assembly
Malaysia:
Port Klang, Malaysia 58,205 Leased Assembly
(a) In March 2014, we subleased 102,161 square feet of this facility to a third party.
(b) In November 2012, we entered into a sublease of our original corporate office; in February 2013, we moved our corporate
office function into the same building as our Technical Center.
(c) This land is classified as "lease-hold" property. We treat this land as Tecumseh property, however, prior to any sale
government approval must be obtained.
See Item 8 - Financial Statements and Supplementary Data - Note 8 “Debt” of Notes to Consolidated Financial Statements for a
description of security interests in real estate in the United States and Canada.