Autodom (AIE)

Shares / Stock Code

AIE

Stock Exchange / Sharemarket

Australian Securities Exchange

Autodom Ltd (AIE) operates in automotive press manufacturing and painting, engineering fabrication and construction operations. Autodom Limited (AIE) was listed on the ASX on 30 April 1992. It is located in 8 Alvan Street, Henry James Building, Suite 4, SUBIACO. AIE is made up of the automative business located in South Australia, Construction in Western Australia and Rankin Industries in the USA. The company supplies original equipment parts associated with Holden's niche vehicle program. AIE's Construction operation provides engineering solutions to the oil and gas, water storage and mining industries.

AIE is a Tier one supplier to major car producers, for both the local and export market. aiAutomative operates a world-class cathodic electro-dip facility, specialising in automotive skin panels and industrial components. AIE major customers include various mining and energy companies such as Western Power, Bogoso Gold Limited and Chevron Australia. The company's major client for original equipment components is Holden. Its competitors include other car parts manufacturers, both in Australia and overseas.

Autodom History

AIE was founded in the mid-1980s and listed on the ASX on 30 April 1992. The company primarily operated as a diversified investment company. Since 2001, the company has concentrated on the automotive business (aiAutomative). The company was renamed to its current name in December 2007

Autodom Limited (formerly aiLimited) started life as Kostech International Ltd in 1985 with the charter to commercialise specialised automated alloy welding technology. The name AI Engineering Corporation Limited was adopted in 1987 and the company pursued a diversification strategy that included ownership of interests in engineering companies, property, gold exploration, web site development and other diverse investment areas.

In 2001 a strategy to simplify the business and reduce debt saw the sale of many of the businesses and assets. The company's name changed to aiLimited and a dual business strategy of automotive component manufacturing and mining construction was implemented. The name was changed to aiLimited. In mid 2007 the board came to the view that the two business units gained no advantages from being held in a common entity and in fact would benefit from being separate from each other. The construction division was demerged into Forge Group Limited. Forge is listed on the ASX and has no common directorships or management relationships with Autodom. Following the demerger and with an expanding focus on automotive component manufacturing the board believed it was time to change the name of the company to reflect its future strategy and position it away from its historical antecedents. aiLimited was renamed Autodom Limited.

Autodom is defined as the world of automotive manufacturing and selling. It reflects the dominant role of automotive in the company's direction and also the desire to be dominant within the sectors of the industry the company chooses to operate in. Whilst investment in other industry sectors is not precluded the main focus is for growth within the automotive component industry. The automotive industry is Australia's largest complex goods manufacturing sector generating more than $12 billion of revenue per annum. It is the country's largest manufacturing export earner with sales of vehicles and components valued at more than $6bn. Almost half of the cars manufactured in Australia are exported. Australia is internationally recognised as a centre of excellence by each of the three local manufacturers for rear wheel drive vehicle development.

Autodom (AIE) Products and Services

  • Automotive component pressing
  • Assembly and painting

Autodom (AIE) Locations and Subsidiaries

Autodom Head Office
8 Alvan Street, Henry James Building, Suite 4,
SUBIACO
Phone: 08 9381 8888
Fax: 08 9381 9888

Autodom (AIE) Share Price

Submitted by ASX Listed Company on 27 February, 2010 - 23:49

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