AUBURN HILLS, Mich., Aug. 6, 2015 /PRNewswire/ -- BorgWarner celebrated its plant opening in Oroszlany, Hungary, on July 28, 2015. Numerous government officials as well as customers, BorgWarner executives and employees attended the opening ceremony. The wholly-owned campus provides production capacity (43,400 square feet / 4,032 square meters) for advanced all-wheel drive (AWD) solutions such as transfer cases, feeder pumps, valves and AWD couplings for global automakers.
"We are proud to strengthen our product leadership position and expand our local portfolio with AWD technologies by investing in our strategically important location in Hungary. Over the next few years, our plant will provide capacities that will allow us to meet growing customer demand with localized production," said Dr. Stefan Demmerle, President and General Manager, BorgWarner TorqTransfer Systems. "BorgWarner's market-leading AWD solutions contribute to enhanced vehicle traction, improved driving dynamics and better fuel economy."
BorgWarner has been manufacturing innovative technologies in Hungary for over a decade. Located 76 kilometers outside of Budapest, the Oroszlany campus already produces state-of-the-art turbochargers for gasoline and diesel engines. The energy-efficient facility uses waste heat from air compressors and furnaces and will recycle rainwater for watering lawns as well as condensation wastewater. Additionally, the building uses linear fluorescent lamps (LFLs) in most of the production and office areas, and compact fluorescent lamps (CFLs) in the remaining facility to reduce energy consumption.
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 57 locations in 18 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," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," 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 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.
SOURCE BorgWarner Inc.