Tower International Inc was founded in 1993 as R.J. Tower Corporation. On October 14, 2010, the Company completed its initial public offering. The Company along with its subsidiaries manufactures engineered structural metal components and assemblies, mainly serving automotive original equipment manufacturers ("OEMs"), including Ford, Volkswagen Group, Chrysler, Fiat, Volvo, Nissan, Daimler, Toyota, BMW, Chery, Honda, Geely, and PSA. The Company is comprised of four operating segments: Europe, Asia, North America, and South America. These operating segments are aggregated into two reportable segments. The International segment consists of Europe and Asia while the Americas segment consists of North and South America.The Company has strategically located production facilities in the United States, Germany, Brazil, Belgium, Slovakia, China, Italy, Poland, and Czech Republic, supported by engineering and sales locations in the United States, Germany, Italy, Brazil, Japan, China, and India. Its products include body structures, assemblies and other chassis, structures, as well as lower vehicle systems and suspension components for small and large cars, crossovers, pickups, and sport utility vehicles ("SUVs"). Its main competitors include Magna International, Inc. (Cosma division), Gestamp Automocion, Martinrea International, Gruppo Magnetto, and Benteler Automotive. The Company is subject to various domestic and foreign federal, state and local laws and regulations.
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