VC Visteon Corporation

DALIAN, China, May 23 /PRNewswire-FirstCall/ -- Global automotive supplier Visteon Corporation (NYSE:VC) today celebrated the official opening of a manufacturing plant in Dalian, China, which will produce air conditioning components for a variety of auto manufacturers. The Halla Climate Control (Dalian) facility will make compressors and sub-components for automakers in China and elsewhere in the Asia Pacific region. Visteon owns 70 percent of the equity shares of Halla Climate Control (HCC). (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) "We are pleased to begin production at this new facility as part of our expanding manufacturing footprint in China," said Robert Pallash, Visteon senior vice president and president of its Asia Pacific Customer Group. "Halla Climate Control is a market leader in Korea and a source for operational excellence in Asia Pacific. We intend to leverage their expertise to provide high-quality products in China." This is the second plant for Visteon and Halla Climate Control in China; the first is in Beijing. Halla also operates three plants in Korea. "Our longstanding relationship with Visteon has generated yet another opportunity to showcase our quality products," said Y.J. Shin, president and chief executive officer of Halla Climate Control. "We are convinced that the Halla Climate Control (Dalian) plant will be as successful as our other operations." Halla Climate Control is particularly well positioned to serve Beijing Hyundai Motor Company as it produces its Elantra, Tucson, Accent and Sonata models. Halla Climate Control (Dalian) will also supply other major automakers in China and throughout the region. The 90,000-square meter plant is a greenfield facility capable of producing advanced and environmentally friendly compressors. The plant will have more than 300 employees and a planned production capacity of one million units annually. For more than 10 years, Visteon has been growing its presence in Asia Pacific. Today, Visteon operates more than 30 manufacturing facilities in the region, located throughout China, Japan, Korea, Thailand, the Philippines and India, serving global and regional automakers. Visteon is a leader in delivering climate, interior and electronics components and systems to its customers in what has become the fastest-growing automotive market in the world. Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate control, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 24 countries and employs approximately 50,000 people. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE: Visteon Corporation CONTACT: Lisa Feng of Visteon Corporation, +86 (21) 5208-1100, ; Elsie Hong, +86 (21) 6472-3788, , for Visteon Corporation Web site: http://www.visteon.com/

Copyright