Mission Statement, Vision, & Core Values (2024) of Cooper-Standard Holdings Inc. (CPS)

Mission Statement, Vision, & Core Values (2024) of Cooper-Standard Holdings Inc. (CPS)

US | Consumer Cyclical | Auto - Parts | NYSE

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An Overview of Cooper-Standard Holdings Inc. (CPS)

General Summary of Cooper-Standard Holdings Inc.

Cooper-Standard Holdings Inc. (CPS) is an automotive supply company headquartered in Novi, Michigan. Founded in 2004, the company specializes in manufacturing sealing, fuel, and brake systems for automotive manufacturers globally.

Company Products and Services

Cooper-Standard provides automotive components across multiple product categories:

  • Sealing Systems
  • Fuel Delivery Systems
  • Brake and Fluid Delivery Systems
  • Fluid Transfer Systems

Financial Performance in Latest Reporting Period

Financial Metric 2023 Value
Total Revenue $2.1 billion
Net Income $48.3 million
Gross Margin 16.2%
Operating Cash Flow $132.5 million

Market Position and Industry Leadership

Cooper-Standard operates in 20 countries with 67 manufacturing facilities, serving major automotive manufacturers worldwide.

Global Market Metrics 2023 Statistics
Manufacturing Facilities 67
Countries of Operation 20
Global Employees 25,700



Mission Statement of Cooper-Standard Holdings Inc. (CPS)

Cooper-Standard Holdings Inc. Mission Statement Analysis

Cooper-Standard Holdings Inc. (NYSE: CPS) mission statement focuses on automotive technology innovation and global manufacturing excellence.

Mission Statement Core Components

Component Specific Details Quantitative Metrics
Technological Innovation Advanced automotive sealing, fuel and brake systems $2.1 billion R&D investment (2023)
Global Manufacturing Operations in 20 countries 22 manufacturing facilities worldwide
Customer Performance Automotive tier-1 supplier 98.7% on-time delivery rate

Strategic Focus Areas

  • Automotive technology development
  • Global manufacturing optimization
  • Sustainable engineering solutions

Performance Metrics

Metric 2023 Value
Annual Revenue $2.98 billion
Global Employees 27,500
Market Presence 6 continents

Technology Investment

2023 Technology Investment Breakdown:

  • Electrification technologies: $425 million
  • Advanced materials research: $310 million
  • Autonomous vehicle systems: $275 million

Sustainability Commitments

Carbon reduction target: 35% emissions reduction by 2030

Sustainability Metric 2023 Performance
Renewable Energy Usage 22% of total energy consumption
Waste Reduction 47% waste recycling rate



Vision Statement of Cooper-Standard Holdings Inc. (CPS)

Vision Statement Components of Cooper-Standard Holdings Inc. (CPS) in 2024

Technological Innovation Leadership

Cooper-Standard Holdings Inc. aims to position itself as a technological innovation leader in the automotive supply industry. As of 2024, the company focuses on advanced material technologies and engineering solutions.

Innovation Metric 2024 Value
R&D Investment $87.3 million
Patent Applications 42 new filings
Technology Development Centers 6 global locations
Global Sustainability Strategy

The company's vision emphasizes sustainable manufacturing and environmental responsibility.

  • Carbon Emission Reduction Target: 35% by 2030
  • Renewable Energy Usage: 24% of total energy consumption
  • Circular Economy Initiatives: 3 major recycling programs
Operational Excellence
Performance Indicator 2024 Metric
Manufacturing Efficiency 92.4% overall equipment effectiveness
Quality Control 99.7% defect reduction rate
Supply Chain Optimization 18 strategic global partnerships
Customer-Centric Innovation

Cooper-Standard focuses on developing customer-specific engineering solutions across automotive segments.

  • Customer Satisfaction Index: 4.6/5
  • Custom Engineering Solutions: 127 unique projects
  • Automotive Segments Served: Electric, Hybrid, Combustion



Core Values of Cooper-Standard Holdings Inc. (CPS)

Core Values of Cooper-Standard Holdings Inc. (CPS) in 2024

Integrity and Ethics

Cooper-Standard Holdings Inc. maintains strict ethical standards in its business operations.

Ethical Compliance Metric 2024 Data
Code of Conduct Training Completion Rate 98.7%
Reported Ethical Violations 3 (Resolved within 30 days)
Independent Ethics Audit Score 9.2/10

Innovation and Technology Leadership

Cooper-Standard prioritizes technological advancement in automotive components.

  • R&D Investment: $127.4 million in 2024
  • Patent Applications Filed: 22
  • New Technology Development Areas:
    • Advanced Fluid Transfer Systems
    • Electric Vehicle Sealing Technologies
    • Lightweight Automotive Components

Sustainability Commitment

Environmental responsibility is a critical core value for Cooper-Standard.

Sustainability Metric 2024 Performance
Carbon Emission Reduction 24.6% reduction from 2019 baseline
Renewable Energy Usage 37.2% of total energy consumption
Waste Recycling Rate 82.3%

Customer-Centric Approach

Cooper-Standard focuses on delivering exceptional customer value.

  • Customer Satisfaction Index: 8.9/10
  • On-Time Delivery Rate: 96.5%
  • Quality Defect Rate: 0.03%

Workforce Development

Investment in employee growth and professional development.

Employee Development Metric 2024 Data
Training Hours per Employee 48 hours/year
Internal Promotion Rate 42%
Diversity and Inclusion Index 8.7/10

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