BorgWarner Opens New Campus In Brazil
BorgWarner Targets Increasing Customer Demand for Fuel-Efficient Technologies with New Production Facility and Engineering Center in Itatiba City
AUBURN HILLS, Mich., April 16, 2013 /PRNewswire/ -- BorgWarner officially opened its new production facility and engineering center in Itatiba City, Brazil, on April 9, 2013. The new campus will produce several environmentally friendly technologies for passenger cars and commercial vehicles such as turbochargers, viscous fans and fan drives, engine timing systems and emissions technologies. At 204,500 square feet (19,000 square meters), BorgWarner's new facilities are located 80 km northwest of Sao Paulo and are twice as big as its former facility in Campinas.
"With our new production facility and engineering center in Itatiba City, we are laying the foundation for expanding our excellent position as a leading supplier of advanced powertrain technologies in the rapidly growing South American market," said James Verrier, President and Chief Executive Officer, BorgWarner. "New legislation is driving automakers to improve fuel economy and reduce emissions. Consumers are demanding performance and enhanced drivability. BorgWarner's advanced technologies satisfy all of these needs with local production and engineering capabilities."
Driven by growing demand for BorgWarner's fuel-efficient technologies, the new campus was built in only 18 months. Relocation of production capacity from Campinas to Itatiba City took place without any interruption in operations. Itatiba City generates great interest with multinational companies because of its strategic location close to major development regions and the capital of the federal state, Sao Paolo. With a total area of nearly 100,000 square meters, the environmentally friendly campus offers additional space for future expansion and is expected to receive LEED (Leadership in Energy and Environmental Design) certification soon. In addition, the new campus includes an engineering center with four engine test stands for developing and introducing new technologies to provide local customers with the latest powertrain technologies.
Auburn Hills, Michigan-based BorgWarner Inc. (NYSE: BWA) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 57 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. 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.
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