TOGLIATTI, Russia, Sept. 3, 2013 /PRNewswire/ -- Halla Visteon
Climate Control Corp. (KS: 018880), a majority-owned subsidiary of
Visteon Corporation (NYSE: VC), today announced the start of
manufacturing operations on the premises of an industrial partner
in Togliatti, Russia. The plant,
HVCC's first in Russia, is part of the company's plans to
drive continued growth of its climate business and supports
expanding customer needs in Russia.
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The new facility initially will assemble cooling modules and
heating, ventilation and air conditioning (HVAC) units for
automakers in Russia. The number
of employees is anticipated to reach nearly 300 over a three-year
period.
"We are excited about the capability this new facility offers,"
said Nurdal Kücükkaya, president of Halla Visteon Climate Control
in Europe. "It is ideally located
to supply vehicle manufacturers in one of Russia's most important automotive clusters.
Our presence in Russia strengthens
our ability to respond to the ongoing demand for climate products
and to meet local content requirements."
The new manufacturing plant, Halla Visteon Rus LLC, is located
in the city of Togliatti (Samara
region), approximately 1,000 kilometers southeast of Moscow. The facility began assembling HVAC and
cooling modules on Aug. 5.
About Halla Visteon Climate Control
Halla Visteon Climate Control (HVCC) is a full-line automotive
supplier of climate systems and components. Products include
heating ventilation and air conditioning; compressors; powertrain
cooling; fluid transport; and electric and hybrid vehicle thermal
systems. With 34 manufacturing sites supported by four global
technical centers in 18 countries, HVCC employs approximately
14,000 people.
HVCC is a 70-percent owned enterprise of Visteon Corporation and
is traded on the Korea Stock Exchange (HCC, KS: 018880). Learn more
at www.hvccglobal.com.
About Visteon
Visteon is a leading global automotive supplier delivering value
for vehicle manufacturers and shareholders through a family of
businesses including HVCC, the world's second-largest global
supplier of automotive climate components and systems; Visteon
Electronics; Visteon Interiors; and Yanfeng Visteon Automotive Trim
Systems Co., Ltd.
Through this family of enterprises, Visteon designs, engineers
and manufactures innovative components and systems for virtually
every vehicle manufacturer worldwide, and these businesses
generated $13.8 billion in sales in
2012, including non-consolidated operations. With corporate offices
in Van Buren Township, Mich.
(U.S.); Shanghai, China; and
Chelmsford, UK; Visteon has
facilities in 29 countries and employs through its various
businesses, including non-consolidated operations, approximately
55,000 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation