Superior Industries See Expansion in OE – End of Aftermarket

At Superior Industries 3rd quarter conference call the company announced expected growth of 15 per cent every year for the next three years. This was based on the expected demand from the OE market where the company was seeing growth in supplying the key manufacturers. Shipments to DaimlerChrysler were up to 6 per cent, whilst there was a 15 per cent growth in supplies to non-Ford/GM companies.

Market share at Ford/GM continued to increase. However, the aftermarket revenue for the third quarter stood at 903,000 Dollars. Superior accepted that this was an indication that this sector of the market was nearing an end for the company.

Current US capacity is around 14.5 million units, plus potentially 2 million from Hungary. In order to meet new demand the company was expanding production capacity at Rogers, Arkansas and at two other plants.