Annual Report 2010 - Knorr-Bremse AG.

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Knorr-Bremse Group In addition to the targeted fostering of product innovations, the key success factors for Knorr-Bremse in the future will include process optimization, employee development, corporate responsibility, environmental protection and social engagement, aspects which remained among the top priorities for this family-owned company in 2010.
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Annual Report | 2010 Knorr-Bremse G
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Main Majority-owned Subsidiaries of
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1/Overview 04 06 08 10 12 2010 at a
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Knorr-Bremse Rail Vehicle Systems i
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EXECUTIVE BOARD 7 Dr. Dieter Wilhel
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SUPERVISORY BOARD 9 Heinz Hermann D
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SUPERVISORY BOARD 11 Statements and
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14 The State and Development of Kno
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16 Development of the Knorr-Bremse
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18 the Daxing site a new production
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20 Overall assessment of the econom
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22 Regional developments by divisio
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24 for example, procured another 18
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26 ket also throttled back domestic
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28 Research and development As a te
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30 Social responsibility and sustai
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32 Report on risks and opportunitie
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34 Outlook In 2011 the Knorr-Bremse
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2/ Report Against a background of g
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40 RepoR t | RAIL Ve HICLe SYSteMS
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50 RepoRt | RAIL VeHICLe SYSteMS As
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Page 62 and 63: 58 RepoRt | RAIL VeHICLe SYSteMS
Page 64 and 65: 60 RepoRt | RAIL VeHICLe SYSteMS In
Page 66 and 67: 62 HIGHLIGHt RepoRt | RAIL VeHICLe
Page 68 and 69: 64 RepoR t | RAIL Ve HICLe SYSteMS
Page 72 and 73: 68 HIGHLIGHt RepoRt | SYSteMe RAIL
Page 78 and 79: 74 HIGHLIGHt RepoRt | SYSteMe RAIL
Page 81 and 82: Commercial Vehicle Systems Followin
Page 83 and 84: RepoR t 79 Markets There was a dist
Page 85 and 86: RepoRt 81 Partner with an excellent
Page 87 and 88: RepoR t 83 Market Successes Against
Page 89 and 90: RepoR t 85 North America Bendix bec
Page 91 and 92: RepoRt 87 Consistent performance th
Page 93 and 94: RepoRt 89 Asia Successes in China K
Page 95 and 96: RepoR t 91 PACCAR quality award The
Page 97 and 98: RepoR t 93 Projects During 2010 Kno
Page 99 and 100: RepoR t 95 By the end of the year u
Page 101 and 102: RepoRt 97 Focus on value creation A
Page 103 and 104: RepoR t 99 Products Reliable, safe,
Page 105 and 106: RepoR t 101 Tire Pressure Monitorin
Page 107 and 108: RepoRt 103 20-inch disc brake for C
Page 109 and 110: RepoR t 105 Service Knorr-Bremse’
Page 111: RepoR t 107 out progressively in th
Page 115 and 116: RepoR t 111 Knorr Excellence Under
Page 117 and 118: RepoR t 113 maturity level of produ
Page 119 and 120: RepoRt 115 Two pillars provide mutu
Page 121 and 122: RepoR t 117 Responsibility Sustaina
Page 123 and 124: RepoRt 119 establishing a central h
Page 125 and 126: RepoR t 121 employees and their fam
Page 127 and 128: RepoRt 123 A new approach Then as n
Page 129 and 130: RepoR t 125 Employees Thanks to the
Page 131 and 132: RepoR t 127 and students with key q
Page 133 and 134: RepoR t 129 Trade fairs Local prese
Page 135 and 136: RepoR t 131
Page 137: RepoRt 133 InnoTrans 2010 - top lev
Page 140 and 141: 136 1 Principles and methods The co
Page 142 and 143: 138 Interest rate: 5.16% p. a. Sala
Page 144 and 145: 140 Associated companies are consol
Page 146 and 147: 142 2 Changes in intangibles, fixed
Page 148 and 149: 144 3 Intangibles This heading incl
Page 150 and 151: 146 1 Consolidated affiliated compa
Page 152 and 153: 148 6 Inventories 2010 TEUR 2009 TE
Page 154 and 155: 150 16 Liabilities 2010 TEUR 2010 T
Page 156 and 157: 152 23 Financial results 2010 TEUR
Page 158 and 159: 154 • Currency hedging contracts
Page 160 and 161: 156 SEGMENT REPORT Segment Report i
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158 STATEMENT OF CHANGES IN GROUP E
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160 CONSOLIDATED BALANCE SHEET Cons
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Contact Knorr-Bremse AG Moosacher S
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