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Louis L Borick

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BUSINESS
August 18, 1992 | DON LEE, TIMES STAFF WRITER
The General Motors plant in Van Nuys will close this month, but Superior Industries, its nearby supplier of aluminum wheels, isn't fretting. In fact, Superior will get even more work when GM shifts production of Camaros and Firebirds, long made in Van Nuys, to its new home in Canada. So it has been for Superior Industries International Inc. of Van Nuys, which continues to spin out more wheels even while its biggest customer produces fewer cars at fewer plants. Indeed, despite the U. S.
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BUSINESS
August 18, 1992 | DON LEE, TIMES STAFF WRITER
The General Motors plant in Van Nuys will close this month, but Superior Industries, its nearby supplier of aluminum wheels, isn't fretting. In fact, Superior will get even more work when GM shifts production of Camaros and Firebirds, long made in Van Nuys, to its new home in Canada. So it has been for Superior Industries International Inc. of Van Nuys, which continues to spin out more wheels even while its biggest customer produces fewer cars at fewer plants. Indeed, despite the U. S.
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BUSINESS
April 18, 1989
Superior Industries International said its first-quarter profit jumped 28% from a year earlier on a 37% increase in sales. The Van Nuys company, which makes aluminum and steel wheels for the Big Three U.S. automakers, said net income in the quarter ended March 31 rose to $3.93 million from $3.07 million. Sales climbed to $62.9 million from $46 million. Superior said the gains reflected continued strong demand for its aluminum wheels from General Motors, Ford and Chrysler. Superior Chairman Louis L. Borick also said the company's order rate "shows no signs of weakness, with new orders continuing to surpass previous levels."
BUSINESS
October 20, 1992
Superior Industries International Inc., a Van Nuys-based maker of aluminum car wheels, reported a 16% increase in earnings on record revenue for its third quarter. In the three months ended Sept. 30, Superior said it earned $6.2 million, compared with $5.3 million a year earlier. Its sales were up 5% for the period, to $73.4 million from $69.7 million in the previous year. Louis L. Borick, Superior's chairman and president, attributed the improved earnings to an ongoing cost-reduction program.
BUSINESS
February 28, 1995
Superior Industries International Inc. said it has signed an agreement for a joint venture with German-based Otto Fuchs Metallwerke to construct a plant in Europe for the production of lightweight forged and low-pressure cast aluminum wheels for the automotive industry. Louis L. Borick, president of Superior, said initial plans call for the joint venture to produce up to 2 million wheels per year.
BUSINESS
December 24, 1991
Superior Industries International Inc. said it will record a net gain of about $2.3 million in the fourth quarter to reflect its insurance reimbursement for a fire that damaged its chrome-plating plant in Van Nuys. Superior, a leading maker of wheels for the major auto makers, said the gain stems from a settlement it reached with its insurance carrier in connection with the fire last May 24. The insurer was not identified.
BUSINESS
October 30, 1990
Superior Industries International Inc. in Van Nuys said it formed a joint venture company with Topy Industries Ltd. of Japan to sell cast aluminum wheels to Japanese customers. Superior is a major manufacturer of wheels and other auto accessories for U.S. auto makers, and Topy is Japan's largest wheel producer. Their new venture, Topy-Superior Ltd., is half-owned by each company and "is a key step in our international marketing efforts," Superior Chairman Louis L. Borick said in a statement.
BUSINESS
July 19, 1994
Superior Industries International Inc., a Van Nuys-based supplier of cast aluminum wheels for auto makers, reported net income of $15.4 million for the second quarter ended June 30, a 16% increase from earnings of $13.3 million for the same three-month period a year ago. Revenue for the recent quarter was $121 million, up 13% from the second quarter of 1993, when the company reported net sales of $107 million. Louis L.
BUSINESS
August 1, 1995
Superior Industries International Inc., a Van Nuys-based maker of automobile wheels, said it plans to build a new manufacturing plant in Tatabanya, Hungary, to serve the European automotive market. Superior said it has signed a contract to purchase 1 million square feet of land in Tatabanya, where the company and its joint venture partner, Otto Fuchs Metallwerke of Germany, will produce cast and forged wheels. Louis L.
BUSINESS
July 12, 1994
Superior Industries International Inc., a Van Nuys-based supplier of aluminum wheels to the automotive industry, said it has made the first delivery of wheels from its new production plant in Chihuahua, Mexico. Louis L. Borick, the company's president and chairman, said the first shipment from the plant was sent via truck about July 1 to a Ford Motor Co. plant near Mexico City. Borick said a second shipment to a Chrysler plant in Mexico is expected this week.
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