2007 Reference document (PDF) - Valeo
2007 Reference document (PDF) - Valeo
2007 Reference document (PDF) - Valeo
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3 Consolidated<br />
PAGE 140<br />
fi nancial statements at December 31, <strong>2007</strong><br />
Notes to consolidated financial statements<br />
Companies Countries % voting<br />
rights<br />
<strong>2007</strong> <strong>Reference</strong> <strong>document</strong> - VALEO<br />
<strong>2007</strong> 2006 2005<br />
% interest % voting<br />
rights<br />
% interest % voting<br />
rights<br />
% interest<br />
<strong>Valeo</strong> Materiales de Friccion de Mé xico, SA<br />
de CV Mexico 100 100 100 100 100 100<br />
<strong>Valeo</strong> Sylvania Services S de RL de CV (2) Mexico 50 50 50 50 50 50<br />
SOUTH AMERICA<br />
<strong>Valeo</strong> Sistemas Automotivos Ltda Brazil 100 100 100 100 100 100<br />
Cibie Argentina, SA Argentina 100 100 100 100 100 100<br />
Emelar Sociedad Anó nima Argentina 100 100 100 100 100 100<br />
<strong>Valeo</strong> Embragues Argentina, SA Argentina 100 100 100 100 100 100<br />
<strong>Valeo</strong> Té rmico Argentina, SA<br />
ASIA<br />
Argentina 100 100 100 100 100 100<br />
<strong>Valeo</strong> Compressor (Thailand) Co. Ltd Thailand 98.5 98.5 98.5 98.5 98.5 98.5<br />
<strong>Valeo</strong> Compressor Clutch (Thailand) Co. Ltd Thailand 97.3 97.3 97.3 97.3 97.3 97.3<br />
<strong>Valeo</strong> Siam Thermal Systems Co. Ltd<br />
<strong>Valeo</strong> Thermal Systems Sales (Thaïland)<br />
Thailand 74.9 74.9 74.9 74.9 74.9 74.9<br />
Co. Ltd Thailand 74.9 74.9 74.9 74.9 89.9 74.9<br />
<strong>Valeo</strong> Electrical Systems Korea Ltd South Korea 100 100 100 100 100 100<br />
<strong>Valeo</strong> Pyeong Hwa Co. Ltd (2) South Korea 50 50 50 50 50 50<br />
<strong>Valeo</strong> Pyeong Hwa Distribution Co. Ltd (2) South Korea 50 50 50 50 50 50<br />
<strong>Valeo</strong> Samsung Thermal Systems Co. Ltd (2) South Korea 50 50 50 50 - -<br />
<strong>Valeo</strong> Compressor Korea Co. Ltd South Korea 100 100 100 100 100 100<br />
Dae Myong Precision Corporation South Korea 100 100 100 100 100 100<br />
<strong>Valeo</strong> Thermal Systems Korea Co. Ltd South Korea 100 100 - - - -<br />
Konnou Sangyo Co. Ltd (3) Japan - - - - 100 100<br />
Zexel Logistics Compagny (Butsuryu) (3) Japan - - - - 100 100<br />
Zexel Logitec Company (3) Japan - - - - 100 100<br />
Ichikoh Industries Ltd (1) Japan 31.6 31.6 29.4 29.4 28.2 28.2<br />
<strong>Valeo</strong> Engine Cooling Japan Co. Ltd Japan 100 100 100 100 100 100<br />
<strong>Valeo</strong> Unisia Transmissions K K Japan 66 66 66 66 66 66<br />
<strong>Valeo</strong> Thermal Systems Japan Corporation<br />
<strong>Valeo</strong> Automotive Transmissions Systems<br />
Japan 100 100 100 100 100 100<br />
(Nanjing) Co. Ltd China 100 100 100 100 - -<br />
Hubei <strong>Valeo</strong> Autolighting Company Ltd<br />
<strong>Valeo</strong> Automotive Air Conditioning Hubei<br />
China 100 100 100 100 75 75<br />
Co. Ltd China 55 55 55 55 55 55<br />
Faw <strong>Valeo</strong> Climate Control System (1) China 36.5 36.5 36.5 36.5 36.5 36.5<br />
Huada Automotive Air Conditioner Co. Ltd (1) <strong>Valeo</strong> Lighting Hubei Technical center Co.<br />
China 30 30 30 30 30 30<br />
Ltd China 100 100 100 100 100 100<br />
Nanjing <strong>Valeo</strong> Clutch Co. Ltd (2) China 55 55 55 55 55 55<br />
(1) Company accounted for by the equity method.<br />
(2) Company consolidated on a proportional basis.<br />
(3) Company sold in 2006.<br />
(4) Company sold in <strong>2007</strong>.<br />
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