BorgWarner Breaks Ground for Turbocharger Operation in Poland
26 March 2008 - 12:00AM
PR Newswire (US)
BorgWarner to Build 24th Production Plant in Europe AUBURN HILLS,
Mich., March 25 /PRNewswire-FirstCall/ -- BorgWarner broke ground
for a new production facility in Rzeszow, Poland, where it plans to
produce an initial 500,000 turbochargers for European car makers
beginning in 2009, with expansion in the next two years to produce
up to two million units. The location in southeast Poland offers
economic advantages and allows BorgWarner to serve vehicle
manufacturers in both Western and Eastern Europe. The
54,000-square-foot (5,000-square-meter) operation is expected to
create about 200 jobs. (Photo:
http://www.newscom.com/cgi-bin/prnh/20080325/CLTU049 ) "Increasing
demand for fuel-efficient, turbocharged diesel and gasoline engines
is driving significant growth for BorgWarner's turbocharger
business, especially in Europe," said Roger Wood, President and
General Manager, BorgWarner Turbo & Emissions Systems. "The new
plant in Poland fits BorgWarner's global growth strategy and
demonstrates our commitment to Europe as an industrial location."
When completed, the new facility will be BorgWarner's 24th
production plant in Europe. BorgWarner expects turbocharged light
vehicle diesel engine production to grow by nearly 20% in Europe,
from about 9.8 million units to 11.6 million units in 2012. Over
the same period, the European turbocharged gasoline engine market
is anticipated to triple from about 1.1 million units to 3.0
million units. BorgWarner Turbo & Emissions Systems is a
leading global producer of turbochargers, exhaust gas return valves
and other engine air management systems for passenger cars, light
trucks and commercial vehicles. These systems are designed to
improve fuel economy, reduce emissions and enhance vehicle
performance. Auburn Hills, Michigan-based BorgWarner Inc.
(NYSE:BWA) is a product leader in highly engineered components and
systems for vehicle powertrain applications worldwide. The FORTUNE
500 company operates manufacturing and technical facilities in 64
locations in 17 countries. Customers include VW/Audi, Ford, Toyota,
Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler,
Fiat, BMW, Honda, John Deere, PSA, and MAN. The Internet address
for BorgWarner is: http://www.borgwarner.com/ . Statements
contained in this news release may contain forward-looking
statements as contemplated by the 1995 Private Securities
Litigation Reform Act that are based on management's current
expectations, estimates and projections. Words such as "expects,"
"anticipates," "intends," "plans," "believes," "estimates,"
variations of such words and similar expressions are intended to
identify such forward-looking statements. Forward-looking
statements are subject to risks and uncertainties, many of which
are difficult to predict and generally beyond our control, that
could cause actual results to differ materially from those
expressed, projected or implied in or by the forward-looking
statements. Such risks and uncertainties include: fluctuations in
domestic or foreign vehicle production, the continued use of
outside suppliers, fluctuations in demand for vehicles containing
our products, changes in general economic conditions, and other
risks detailed in our filings with the Securities and Exchange
Commission, including the Risk Factors, identified in our most
recently filed Annual Report on Form 10-K. We do not undertake any
obligation to update any forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20080325/CLTU049
http://photoarchive.ap.org/ DATASOURCE: BorgWarner Inc. CONTACT:
Mary Brevard of BorgWarner Inc., +1-248-754-0881 Web site:
http://www.borgwarner.com/
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