Annual Report 2010 - Knorr-Bremse AG.

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2010 at a Glance Bendix receives a “Top 5 Aftermarket Products 2010 Award” for the Tire Pressure Monitoring System (TPMS) Knorr-Bremse Global Care celebrates its fifth anniversary Knorr-Bremse is granted UIC approval for wheel slide protection systems January The 1 millionth Air Processing Unit is manufactured in Kecskemét The 2010 Financial Statements Press Conference takes place at headquarters in Munich Knorr-Bremse is honored as “Best Investor Suzhou 2009” March Knorr-Bremse is voted “Best Brand in Commercial Vehicle Sector” for the fifth time running Knorr-Bremse and Berkelium Group set up the Icer Rail joint venture for production of organic brake shoes and pads A new assembly line for torsional vibration dampers is set up in Russia Standard & Poor‘s and Moody‘s raise Knorr-Bremse’s rating to A- (Outlook stable) and Baa1 (Outlook positive) respectively May February The Knorr-Bremse Aldersbach plant celebrates its 30th anniversary Sydac wins the “Top 20 South Australian Innovation Award” Knorr-Bremse India acquires the remaining shares in the Tata Autocomp. Systems Ltd. joint venture April By supplying the brake equipment for the Shinkansen E5 Knorr-Bremse accesses the Japanese high-speed rail market Knorr-Bremse takes part in the nationwide “Logistics Day” in Germany Knorr-Bremse receives Elogistics Award Dresden University of Technology receives a brake test rig from Knorr-Bremse Knorr-Bremse presents a brake exhibit to Deutsches Museum in Munich June Knorr-Bremse Czech Republic opens a new Commercial Vehicle Systems plant A delegation from the City of Qingdao in China visits Knorr-Bremse in Munich Short-time working ends at Commercial Vehicle Systems in Germany
Knorr-Bremse Rail Vehicle Systems inaugurates a new plant in Budapest 25th Truck Grand Prix at the Nürburgring: Knorr-Bremse goes racing with Team Hahn World Cup in South Africa: Knorr- Bremse supplies braking systems for Gautrain Electrostar trains “Efficient.Technology.Worldwide”: Knorr-Bremse showcases products and services at the key IAA and InnoTrans fairs Knorr-Bremse Aldersbach produces its 20 millionth disc brake Merak manufactures HVAC systems with an eco-friendly refrigerant Knorr-Bremse strengthens the HVAC segment through the strategic acquisition of Sigma Coachair Group Knorr-Bremse sets up assembly of rail vehicle brake equipment in Russia Knorr-Bremse adopts a Group-wide corporate social responsibility strategy July September November August October December Knorr-Bremse Commercial Vehicle Systems signs a joint venture agreement with CAFF in China Knorr-Bremse employees donate to help flood victims at Knorr-Bremse in the Czech Republic A “Girls for Technology” camp is held at Knorr-Bremse in Munich Microelettrica Scientifica acquires a majority stake in Heine Resistors GmbH Global Care helps victims of an environmental disaster in Hungary Knorr-Bremse becomes a signatory to the UN Global Compact In Daxing, Knorr-Bremse produces the 100,000th brake disc for the Chinese market
Page 1 and 2: Annual Report | 2010 Knorr-Bremse G
Page 4 and 5: Main Majority-owned Subsidiaries of
Page 7: 1/Overview 04 06 08 10 12 2010 at a
Page 11 and 12: EXECUTIVE BOARD 7 Dr. Dieter Wilhel
Page 13 and 14: SUPERVISORY BOARD 9 Heinz Hermann D
Page 15: SUPERVISORY BOARD 11 Statements and
Page 18 and 19: 14 The State and Development of Kno
Page 20 and 21: 16 Development of the Knorr-Bremse
Page 22 and 23: 18 the Daxing site a new production
Page 24 and 25: 20 Overall assessment of the econom
Page 26 and 27: 22 Regional developments by divisio
Page 28 and 29: 24 for example, procured another 18
Page 30 and 31: 26 ket also throttled back domestic
Page 32 and 33: 28 Research and development As a te
Page 34 and 35: 30 Social responsibility and sustai
Page 36 and 37: 32 Report on risks and opportunitie
Page 38 and 39: 34 Outlook In 2011 the Knorr-Bremse
Page 41: 2/ Report Against a background of g
Page 44 and 45: 40 RepoR t | RAIL Ve HICLe SYSteMS
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62 HIGHLIGHt RepoRt | RAIL VeHICLe
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68 HIGHLIGHt RepoRt | SYSteMe RAIL
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74 HIGHLIGHt RepoRt | SYSteMe RAIL
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Commercial Vehicle Systems Followin
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RepoR t 79 Markets There was a dist
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RepoRt 81 Partner with an excellent
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RepoR t 83 Market Successes Against
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RepoR t 85 North America Bendix bec
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RepoRt 87 Consistent performance th
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RepoRt 89 Asia Successes in China K
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RepoR t 91 PACCAR quality award The
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RepoR t 93 Projects During 2010 Kno
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RepoR t 95 By the end of the year u
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RepoRt 97 Focus on value creation A
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RepoR t 99 Products Reliable, safe,
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RepoR t 101 Tire Pressure Monitorin
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RepoRt 103 20-inch disc brake for C
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RepoR t 105 Service Knorr-Bremse’
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RepoR t 107 out progressively in th
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110 RepoR t | KnoRR-BR e MSe GR o U
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114 RepoRt | KnoRR-BReMSe GRoUp Fur
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118 RepoRt | KnoRR-BReMSe GRoUp CSR
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3/ Notes to the Consolidated Financ
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NOTES TO THE CONSOLIDATED FINANCIAL
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CONSOLIDATED CASH FLOW STATEMENT 15
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SEGMENT REPORT 157 Fiscal Year 2010
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INDEPENDENT AUDITOR’S REPORT 159
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CONSOLIDATED STATEMENT OF INCOME 16
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