Visteon Opens $29.8 Million Climate Control Facility in Beijing
01 September 2004 - 4:02AM
PR Newswire (US)
Visteon Opens $29.8 Million Climate Control Facility in Beijing
BEIJING, Aug. 31 /PRNewswire-FirstCall/ -- As one of Asia Pacific's
leading automotive climate control suppliers, Visteon Corporation
(NYSE:VC), continues to support its growing customer base with the
opening of a new $29.8 million manufacturing facility in Beijing,
China. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) Visteon
Climate Control (Beijing) Co., Ltd., is majority owned by Visteon
and produces air conditioning and engine cooling modules for
Beijing Hyundai Motor Co. This facility strengthens Visteon's
position in China as a climate control supplier. Visteon owns 80
percent of the facility, with Beijing Automotive Industry Holding
Corporation (BAIC) owning the remaining 20 percent. The
180,000-square foot manufacturing and warehousing facility is
located in the Caiyuan Industrial Zone. Construction began in July
2003 and was completed recently. The plant employs approximately
200 people. "As one of the largest climate control suppliers in
China, we are particularly proud of this facility as it expands our
customer base to Hyundai, Kia and their partners in China," said
Cliff Dawson, director of manufacturing operations in Asia Pacific
Operations. "We're pleased that we could construct a world-class
facility in such a short amount of time to be able to support our
customer. We look forward to much success with this facility and
are committed to continuing to provide high-quality climate
components and systems." Prior to the opening of the new facility
in the Caiyuan Industrial Zone, Visteon supported Hyundai through a
temporary facility that was established in the Linhe Industrial
Development Zone. "Our experience in establishing manufacturing and
technical facilities in China proved valuable in setting up both
the temporary and permanent manufacturing operations quickly and in
a way that meets the needs of a key customer," said Dawson. For
more than 10 years, Visteon has been growing its presence in Asia
Pacific. Today, Visteon operates more than 20 manufacturing
facilities in the region, located throughout China, Japan, Korea,
Thailand, the Philippines and India, serving a variety of global
and regional automakers. Visteon is a leader in delivering climate,
interior and electronics component and systems to customers in what
has become the fastest-growing automotive market in the world.
Visteon Corporation is a leading full-service supplier that
delivers consumer-driven technology solutions to automotive
manufacturers worldwide and through multiple channels within the
global automotive aftermarket. Visteon has approximately 72,000
employees and a global delivery system of more than 200 technical,
manufacturing, sales and service facilities located in 25
countries. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO
DATASOURCE: Visteon Corporation CONTACT: Media Inquiries: Liane
Bilicki, +1-313-755-2916, , Greg Gardner, +1-313-755-0927, , or
Investor Inquiries: Derek Fiebig, +1-313-755-3699, , all of Visteon
Corporation Web site: http://www.visteon.com/
Copyright
Visteon (NASDAQ:VC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Visteon (NASDAQ:VC)
Historical Stock Chart
From Jul 2023 to Jul 2024