Stoneridge Inc. Overview
Company Headquarters: Novi, Michigan, U.S.
Founded: 1965
Workforce: ~5,000
Company Working: Stoneridge Inc. (Stoneridge) is a leading American company involved in designing and manufacturing of highly engineered electrical & electronic systems, components & modules, mainly for the commercial vehicles, motorcycles, agricultural and off-highway vehicle markets. The company operates its business in three main reportable segments like, control devices, electronics, and Stoneridge Brazil. Stoneridge is meeting the global needs of the mobility industry by providing solutions that power vehicle intelligence, increase efficiency, lessen the vehicle emissions, and improve safety & security of vehicles, cargo and drivers. The company’s global footprint involves 25 locations in 15 countries.
Strategy
Stoneridge’s strategy is designed to increase its production capacity in the global market to meet the growing market demand for automotive solutions and sustain volume growth across its key markets. It aims to enhance the utilization of its production facilities and improve their efficiency through increased automation and continuous development of its production network and technologies. Moreover, the company believes in developing new product lines to ensure quality manufacturing practices and strengthen its global market position.
