AUBURN HILLS, Mich.,
Sept. 5, 2014 /PRNewswire/
-- BorgWarner officially opened its new production facility in
Taicang, China, on September 4, 2014. With a building area of
161,500 square feet (15,000 square meters), BorgWarner's new green
facility is strategically located in a major development area close
to Shanghai and is its second
turbocharger plant in China.
Propelled by growing demand in the expanding Chinese automotive
market, the new BorgWarner facility will produce advanced
turbocharging technologies for several automakers. BorgWarner
expects the Chinese light vehicle turbocharger market to more than
double from 4.2 million units in 2014 to 8.6 million units by 2019
as emissions standards become increasingly tight. Driven by
BorgWarner's escalating growth, the new production plant in Taicang
will employ more than 150 people by the end of 2014, and this
figure is expected to rise to 500 employees by 2018.
![James R. Verrier, President and Chief Executive Officer, BorgWarner, speaks during the new production facility opening in Taicang, China. James R. Verrier, President and Chief Executive Officer, BorgWarner, speaks during the new production facility opening in Taicang, China.](http://photos.prnewswire.com/prnvar/20140905/143313)
"With our new production facility in Taicang, we are building
the foundation for our long-term expansion as a leading supplier of
turbocharging technology, engineered and manufactured to improve
fuel economy, reduce emissions and enhance performance," said
Frederic Lissalde, President and General Manager, BorgWarner Turbo
Systems. "Enhancing our capabilities will meet growing customer
demand through localized production and strengthen our product
portfolio and customer relationships in China."
With a total area of nearly 538,200 square feet (50,000 square
meters), the environmentally friendly campus has received LEED
(Leadership in Energy and Environmental Design) gold
certification.
Using natural lighting, solar power and rainwater recycling
reduces the facility's energy consumption by about 22 percent.
The latest manufacturing plant continues BorgWarner's successful
growth in China. Since
establishing a turbocharger plant in Ningbo in 2006, BorgWarner has continuously
enlarged that campus, using state-of-the-art geothermal technology
to heat and cool the building while reducing energy costs by 30-60
percent without emitting carbon dioxide.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
product leader in highly engineered components and systems for
powertrains around the world. Operating manufacturing and technical
facilities in 60 locations in 19 countries, the company delivers
innovative powertrain solutions to improve fuel economy, reduce
emissions and enhance performance. For more information, please
visit 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 outlook, expectations, estimates and projections. Words
such as "anticipates," "believes," "continues," "could,"
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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 by original equipment manufacturers of outside
suppliers, fluctuations in demand for vehicles containing our
products, changes in general economic conditions, as well as other
risks noted reports that we file 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 or announce publicly any updates to or
revision to any of the forward-looking statements.
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SOURCE BorgWarner Inc.