TRW Invests Further In China With Opening Of Largest Ever Technical Center
ANTING, China, June 6, 2014 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) has today announced the opening of its largest ever Technical Center - a 66,000 square meter facility located in Anting, China.
The facility, which has been designed and built to house more than 20 scientific testing labs supporting all of TRW's main business areas including braking, steering and suspension, occupant safety and safety electronics, will employ more than 1,200 members of engineering, research and technical staff.
John C. Plant, TRW Automotive chairman and chief executive officer, explained: "We are delighted to announce the opening of our largest tech center worldwide, located in Anting. This is a move which demonstrates our continued investment and commitment to supporting automotive manufacturers in bringing advanced vehicle safety systems to the Chinese market and the broader Asia Pacific region.
"With the number of cars on the road in China expected to double by 2020, the issues of improved vehicle safety and education, for both drivers and other road users, have to be a priority for the industry.
"TRW will continue to invest in these areas – with the new Anting Technical Center being our latest milestone for bringing automotive safety systems to the Chinese market. From electronically controlled braking and steering systems, to semi-automated driving, the Anting Technical Center positions us well to serve our Chinese customers' vehicle safety needs today and well into the future.
"And TRW's commitment to automotive safety doesn't end with the vehicle; we also care about the safety of all road users in China. This focus led us to the development of a road safety education campaign that teaches children in China the basic fundamentals of road and vehicle safety. Through technology and knowledge TRW is committed to making roads safe for everyone."
The new Anting Technical Center will also house research & development, engineering design & application, and testing & validation activities across all of TRW's product lines, as well as providing customers with direct access to technical and commercial services.
With 2013 sales of $17.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trw.com.
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (our "Form 10-K") and our Quarterly Report on Form 10-Q for the quarter ended March 28, 2014, such as: economic conditions adversely affecting our business, results or the viability of our supply base; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; pricing pressures from our customers adversely affecting our profitability; global competition adversely affecting our sales, profitability or financial condition; any disruption in our information technology systems adversely impacting our business and operations; any shortage of supplies causing a production disruption for any customers or us; the loss of any of our largest customers or a significant amount of their business, or a significant decline in their production levels, adversely affecting us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; our contingent liabilities and tax matters causing us to incur losses or costs; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; commodity inflationary pressures adversely affecting our profitability or supply base; costs or adverse effects on our business, reputation or results from governmental regulations; work stoppages or other labor issues at our facilities or those of our customers or others in our supply chain adversely affecting our business, results or financial condition; and other risks and uncertainties set forth in our Form 10-K and in our other filings with the U.S. Securities and Exchange Commission. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.
SOURCE TRW Automotive Holdings Corp.