Visteon Begins Production in Slovakia, Strengthens Manufacturing Footprint in Eastern Europe
31 May 2006 - 12:13AM
PR Newswire (US)
NITRA, Slovak Republic, May 30 /PRNewswire-FirstCall/ -- Visteon
Corporation (NYSE:VC) has begun producing automotive components at
its new manufacturing plant in the Slovak Republic. The company's
investment in the Nitra plant was announced in October 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) The
facility manufactures interior and climate control products and
gives Visteon a manufacturing base to serve the rapidly expanding
automotive market in Slovakia and Eastern Europe. The Nitra plant
supplies door panels for PSA Peugeot-Citroen's new Peugeot 207.
Later this year, the facility is scheduled to begin producing
climate control components for the Kia Accent. The Nitra facility
houses state-of-the-art injection molding equipment and is designed
for in-sequence production and shipping of door panels to PSA's
assembly plant in Trnava, located 17 miles (45 kilometers) from
Nitra. The facility is 145,313 square feet (13,500 square meters)
and sits on 861,113 square feet (80,000 square meters) of land.
Visteon is preparing for the opening of another manufacturing
facility in Slovakia -- located in Dubnica. Scheduled to start
production in December 2006, it will be a smaller facility designed
to deliver climate control components on a just-in-time basis to
Kia. Visteon expects to employ up to 400 people in Slovakia when
the facilities reach full capacity in 2007. "As vehicle
manufacturers expand to competitive-cost locations in Eastern
Europe, it is important for Visteon to align its manufacturing
footprint to support our customers," said Herve Montloin, Visteon
plant manager in the Slovak Republic. "One of Visteon's strengths
is its balanced global manufacturing footprint, and adding
production capacity in competitive locations such as the Slovak
Republic is a key element of the global strategy for our core
product groups." Visteon currently operates 13 technical,
manufacturing, sales and service facilities in five Eastern
European countries. Visteon has plants in Czech Republic (Novy
Jicin, Rychvald and Hluk), Hungary (Szekesfehervar), Poland
(Praszka and Poznan), Slovak Republic and Turkey for the
manufacture and assembly of automotive components including climate
control, interiors, electronics, lighting and other products.
Visteon Corporation is a leading global automotive supplier that
designs, engineers and manufactures innovative climate, 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: Global Communications: Melissa
Andrade, +1-734-710-5546, , or Eastern Europe: Britta Lange, (+49)
2273-595-2667, , both of Visteon Corporation Web site:
http://www.visteon.com/
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