Halla Visteon Climate Control to Begin Manufacturing in Russia
TOGLIATTI, Russia, Sept. 3, 2013 /PRNewswire/ -- Halla Visteon Climate Control Corp. (KS: 018880), a majority-owned subsidiary of Visteon Corporation (NYSE: VC), today announced the start of manufacturing operations on the premises of an industrial partner in Togliatti, Russia. The plant, HVCC's first in Russia, is part of the company's plans to drive continued growth of its climate business and supports expanding customer needs in Russia.
The new facility initially will assemble cooling modules and heating, ventilation and air conditioning (HVAC) units for automakers in Russia. The number of employees is anticipated to reach nearly 300 over a three-year period.
"We are excited about the capability this new facility offers," said Nurdal Kücükkaya, president of Halla Visteon Climate Control in Europe. "It is ideally located to supply vehicle manufacturers in one of Russia's most important automotive clusters. Our presence in Russia strengthens our ability to respond to the ongoing demand for climate products and to meet local content requirements."
The new manufacturing plant, Halla Visteon Rus LLC, is located in the city of Togliatti (Samara region), approximately 1,000 kilometers southeast of Moscow. The facility began assembling HVAC and cooling modules on Aug. 5.
About Halla Visteon Climate Control
Halla Visteon Climate Control (HVCC) is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric and hybrid vehicle thermal systems. With 34 manufacturing sites supported by four global technical centers in 18 countries, HVCC employs approximately 14,000 people.
HVCC is a 70-percent owned enterprise of Visteon Corporation and is traded on the Korea Stock Exchange (HCC, KS: 018880). Learn more at www.hvccglobal.com.
Visteon is a leading global automotive supplier delivering value for vehicle manufacturers and shareholders through a family of businesses including HVCC, the world's second-largest global supplier of automotive climate components and systems; Visteon Electronics; Visteon Interiors; and Yanfeng Visteon Automotive Trim Systems Co., Ltd.
Through this family of enterprises, Visteon designs, engineers and manufactures innovative components and systems for virtually every vehicle manufacturer worldwide, and these businesses generated $13.8 billion in sales in 2012, including non-consolidated operations. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; Visteon has facilities in 29 countries and employs through its various businesses, including non-consolidated operations, approximately 55,000 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation
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