Recruit, retain, and develop talent globally. We intend to continue to
recruit, develop and retain a highly educated, technically sophisticated and globally dispersed workforce.
Pursue strategic acquisitions to extend leadership and leverage global platform. We intend to continue to opportunistically
pursue selective acquisitions and joint ventures to extend our leadership across global end- markets and applications, realize operational value from our global low-cost footprint, and deliver the right technology solutions for emerging markets. We
intend to continue to seek acquisitions that will present attractive risk-adjusted returns and significant value-creation opportunities.
Risks Associated with Our Company
Investing in our company entails a high degree of risk, as more fully described in the Risk Factors section of this prospectus.
You should consider carefully such risks before deciding to invest in our ordinary shares. These risks include, among others:
Our operating results and financial condition have been and may continue to be adversely affected by the current financial crisis and
worldwide economic conditions.
worldwide economic conditions make it difficult for our customers, our vendors and us to accurately forecast and plan future business activities. We cannot predict the timing or duration of the economic crisis or the timing or strength of a
subsequent economic recovery. If the economy or markets in which we operate experience continued weakness at current levels or deteriorate further, our business, financial condition and results of operations would be materially and adversely
Continued fundamental changes in
the industries in which we operate have had and could continue to have adverse effects on our businesses.
Our products are sold to automobile manufacturers and manufacturers of commercial and residential HVAC systems, as well as to manufacturers
in the refrigeration, lighting, aerospace, telecommunications, power supply and generation and industrial markets, among others. These are global industries, and they are experiencing various degrees of growth and consolidation. This, in turn,
affects overall demand and prices for our products sold to these industries.
We may incur material losses and costs as a result of product liability and warranty and recall claims that may be brought against us.
We have been and may continue to be exposed to product
liability and warranty claims in the event that our products actually or allegedly fail to perform as expected or the use of our products results in, or is alleged to result in, bodily injury and/or property damage. Accordingly, we could experience
material warranty or product liability losses in the future and incur significant costs to defend these claims.
Our substantial indebtedness could adversely affect our financial condition and our ability to operate our business, and we may not be
able to generate sufficient cash flows to meet our debt service obligations.
Our substantial indebtedness could have important consequences to you. For example, it could make it more difficult for us to satisfy our debt obligations; limit our flexibility in planning for, or
reacting to, changes in our business and future business opportunities, thereby placing us at a competitive disadvantage if our competitors are not as highly leveraged; or increase our vulnerability to general adverse economic and industry