SOUTHFIELD, Mich., June 25 /PRNewswire-FirstCall/ -- Federal-Mogul Corporation (Nasdaq: FDML) today celebrated the grand opening of its 9,000-square-meter, state-of-the-art Asia Pacific Headquarters and Technical Center (#118 Jiqiao Road, Jinqiao, Pudong) in Shanghai, China to serve the growing and dynamic Chinese automotive industry. The facility houses approximately 300 employees including engineering, sales, purchasing and other administrative activities, as well as powertrain dynamometers, vehicle and braking test cells, and an array of laboratory equipment required to develop and test new technology.
"China is and will continue to be a strategic market for the automotive industry and for Federal-Mogul," said President and Chief Executive Officer Jose Maria Alapont. "Our new Asia Pacific Headquarters and Technical Center will enable us to increase technical support to powertrain and vehicle customers, offering on-site advanced technology development and product engineering in addition to state-of-the-art testing. Federal-Mogul's significant investment in this region will ensure we grow our capability to provide leading technology and innovation for local and export markets," said Alapont.
The Technical Center, which Federal-Mogul constructed in one of China's rapidly growing industrial centers, is one of the company's 18 globally-networked engineering and technical centers, enabling the company to create value for its customers through innovative technology that achieves product leadership at a competitive cost. The facility's engineers will develop advanced technology and product engineering, and will conduct a variety of tests on powertrains and vehicle products and components for customer programs. Federal-Mogul's global technical center network is focused around leading product and process competencies, working interdependently on many customer powertrain programs and vehicle platforms.
Federal-Mogul, in addition to the Asia Pacific Headquarters and Technical Center, has seven plant operations in China, employing 2,000 people and manufacturing all major products from its global portfolio for original equipment and aftermarket customers. Federal-Mogul has two facilities in Shanghai; two in Qingdao; one in Anqing; one in Nanchang and two in Wuhan. Federal-Mogul develops and manufactures a variety of leading products, including pistons and rings, valve seats and guides, bearings, seals, head gaskets and ignition for both gasoline and diesel powertrains, together with vehicle braking and friction materials, chassis components and systems protection products, serving the world's foremost original equipment manufacturers and the global aftermarket industry.
"Federal-Mogul is expanding our presence in Asia Pacific, especially in China, because we believe in the long-term growth prospects of the increasingly sophisticated Chinese automotive market and other regional markets. We continue to implement actions to strengthen the company's strategy to generate sustainable global profitable growth," said Alapont.
Federal-Mogul Corporation is a leading global supplier of powertrain and safety technologies, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The company's leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost. Federal-Mogul is focused on its sustainable global profitable growth strategy, creating value and satisfaction for its customers, shareholders and employees. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs nearly 41,000 people in 33 countries. Visit the company's Web site at www.federalmogul.com
Statements contained in this press release, which are not historical fact, constitute "Forward-Looking Statements." Actual results may differ materially due to numerous important factors that are described in Federal-Mogul's most recent report to the SEC on Form 10-K, which may be revised or supplemented in subsequent reports to the SEC on Forms 10-Q and 8-K. Such factors include, among others, the cost and timing of implementing restructuring actions, the Company's ability to generate cost savings or manufacturing efficiencies to offset or exceed contractually or competitively required price reductions or price reductions to obtain new business, conditions in the automotive industry, and certain global and regional economic conditions. Federal-Mogul does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
* Please note accent over 'e' in Jose Maria Alapont
Contact: Jim Burke, +1-248-354-4530
SOURCE Federal-Mogul Corporation