CHENNAI, India, March 11, 2015 /PRNewswire/ -- Halla Visteon
Climate Control Corp. (KS: 018880), a full-line supplier of
automotive thermal management solutions, has announced the start of
production at its new facility in Sanand, in the state of Gujarat,
India.
The Gujarat facility will support the company's growing business
with global vehicle manufacturers and cater to the requirements of
OEMs in the state of Gujarat and western India. The facility has approximately 8,890
square meters (95,691 square feet) of manufacturing space and the
capacity to produce 2 million units consisting of heat exchangers;
heating, ventilation and air conditioning (HVAC) modules; and air
conditioning lines. By incorporating its standardized global
manufacturing and business processes, HVCC has the ability to
double its capacity at this facility based on business needs.
"India is one of the fastest
growing economies in the world and is poised to emerge as one of
the top passenger vehicle markets in near future, and we want to be
prepared for the tremendous growth opportunity this market offers,"
said YH Park, president and CEO, HVCC. "This new plant in Gujarat
expands our manufacturing footprint to encompass all of the major
automotive hubs in India and
allows HVCC to bring world-class thermal management technology to
vehicle manufacturers in India."
Park added, "With the Indian economy growing at a fast rate and
car penetration remaining comparatively low, passenger vehicle
sales are expected to gain momentum, and HVCC is well-positioned to
provide the Indian market with innovative thermal solutions to
address consumer needs."
HVCC has a regional office in Chennai and operates four plants in
India – Chennai, Pune, Bhiwadi (near Delhi) and Gujarat – offering automakers a
full range of thermal management products including compressors,
condensers, HVAC, radiators, air conditioning lines, exhaust gas
recirculation (EGR) coolers and charge air coolers. HVCC is the
second largest provider of automotive thermal management systems in
India and with the startup of the
Sanand plant, the company has extended its reach to all auto hubs
of India.
About Halla Visteon Climate Control
Halla Visteon
Climate Control (HVCC) is a full-line supplier of automotive
thermal management solutions. Products include heating ventilation
and air conditioning; compressors; powertrain cooling; fluid
transport; and electric, hybrid and fuel cell vehicle thermal
systems. With 37 manufacturing sites supported by four global
technical centers in 19 countries, HVCC employs more than 15,500
people.
HVCC is a 70 percent-owned subsidiary of Visteon Corporation
(NYSE: VC) and is traded on the Korea Stock Exchange. Learn more at
www.hvccglobal.com.
About Visteon
Visteon Corporation is a global
automotive supplier that designs, engineers and manufactures
innovative products for nearly every vehicle manufacturer
worldwide. Visteon delivers value for its customers and
shareholders through two technology-focused businesses: vehicle
cockpit electronics and thermal energy management. With corporate
offices in Van Buren Township,
Mich. (U.S.); Shanghai,
China; and Chelmsford, UK;
Visteon has approximately 25,500 employees at facilities in 26
countries. Visteon had sales of $7.5
billion in 2014. Learn more at www.visteon.com.
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SOURCE Halla Visteon Climate Control