Halla Visteon Begins Production at Plant in Sanand, Gujarat, India
HVCC brings world-class thermal management technology to India and extends its reach to auto hubs throughout the country
CHENNAI, India, March 11, 2015 /PRNewswire/ -- Halla Visteon Climate Control Corp. (KS: 018880), a full-line supplier of automotive thermal management solutions, has announced the start of production at its new facility in Sanand, in the state of Gujarat, India.
The Gujarat facility will support the company's growing business with global vehicle manufacturers and cater to the requirements of OEMs in the state of Gujarat and western India. The facility has approximately 8,890 square meters (95,691 square feet) of manufacturing space and the capacity to produce 2 million units consisting of heat exchangers; heating, ventilation and air conditioning (HVAC) modules; and air conditioning lines. By incorporating its standardized global manufacturing and business processes, HVCC has the ability to double its capacity at this facility based on business needs.
"India is one of the fastest growing economies in the world and is poised to emerge as one of the top passenger vehicle markets in near future, and we want to be prepared for the tremendous growth opportunity this market offers," said YH Park, president and CEO, HVCC. "This new plant in Gujarat expands our manufacturing footprint to encompass all of the major automotive hubs in India and allows HVCC to bring world-class thermal management technology to vehicle manufacturers in India."
Park added, "With the Indian economy growing at a fast rate and car penetration remaining comparatively low, passenger vehicle sales are expected to gain momentum, and HVCC is well-positioned to provide the Indian market with innovative thermal solutions to address consumer needs."
HVCC has a regional office in Chennai and operates four plants in India – Chennai, Pune, Bhiwadi (near Delhi) and Gujarat – offering automakers a full range of thermal management products including compressors, condensers, HVAC, radiators, air conditioning lines, exhaust gas recirculation (EGR) coolers and charge air coolers. HVCC is the second largest provider of automotive thermal management systems in India and with the startup of the Sanand plant, the company has extended its reach to all auto hubs of India.
About Halla Visteon Climate Control
Halla Visteon Climate Control (HVCC) is a full-line supplier of automotive thermal management solutions. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. With 37 manufacturing sites supported by four global technical centers in 19 countries, HVCC employs more than 15,500 people.
HVCC is a 70 percent-owned subsidiary of Visteon Corporation (NYSE: VC) and is traded on the Korea Stock Exchange. Learn more at www.hvccglobal.com.
About Visteon
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures innovative products for nearly every vehicle manufacturer worldwide. Visteon delivers value for its customers and shareholders through two technology-focused businesses: vehicle cockpit electronics and thermal energy management. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; Visteon has approximately 25,500 employees at facilities in 26 countries. Visteon had sales of $7.5 billion in 2014. Learn more at www.visteon.com.
SOURCE Halla Visteon Climate Control
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