Hastings Manufacturing Company · Hastings, MI United States ·(Pink Sheets: HGMG)
Company Description
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This link will open in a new window Hastings Manufacturing is one of the automotive industry's ring leaders. The company's main business is making piston rings for the automotive aftermarket. Customers include engine rebuilders, retail outlets, and warehouse distributors. Hastings Manufacturing also makes piston rings for OEMs. Through a joint venture, the company sells additives for engines, transmissions, and cooling systems under the Casite brand name. Hastings Manufacturing distributes its products throughout the US and Canada. The firm was founded in 1915; it has been owned by Michigan-based investment company Anderson Group since 2005. To read the full description, subscribe now.
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Key Hastings Manufacturing Company Financials
| Company Type | Public - Pink Sheets: HGMG Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $27.8 |
| Employees | 215 |
Hastings Manufacturing Company Executives
10 executives listed for Hastings Manufacturing Company's Hastings, MI location.
| Title | Name & Bio | Contact |
| President | Fred Cook | Network |
| Corporate Controller | Richard Zwiernikowski | Network |
| VP Information Services | Kevin Willison | Network |
Competition
Competitive Landscape for Hastings Manufacturing Company
Demand for auto parts is driven by new car sales, which are strongly affected by interest rates, and by the replacement market. Company profitability industry depends partly on the difficulty of manufacturing products and partly on demand volume, since many costs are fixed. Small companies can compete successfully by focusing on a small number of products or some highly technical ones. The structure of the industry is complex, with most smaller companies (referred to as "tier 2" and "tier 3" suppliers) selling parts to larger suppliers (referred to as "tier 1" suppliers), who in turn sell component assemblies or modules to car and truck assemblers such as GM and Ford - collectively called OEMs. To read the full description, subscribe now.Top Hastings Manufacturing Company Competitors
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