09 Apr, 2012, 09:00 ET
CHENGDU, China, April 9, 2012 /PRNewswire/ -- Visteon Corporation (NYSE: VC) announced that its automotive climate joint venture in China, FAWER Visteon Climate Control Systems (FVCC), has opened a plant in Chengdu in southwest China to produce aluminum radiators for vehicle manufacturers.
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The new plant is a wholly owned subsidiary of FVCC, a joint venture of Visteon Corporation and FAWER Automotive Parts Company Ltd. The facility will support the FAW-Volkswagen manufacturing base in Chengdu, as well as other automakers in southwest China.
"This marks Visteon's first climate manufacturing facility in Chengdu," said Joy Greenway, Visteon product group president. "This strategic location reinforces our ability to support domestic and global automakers in China, the largest automotive market."
Located in the FAWER Industrial Park in Chengdu, Sichuan province, the new facility specializes in manufacturing mechanically assembled aluminum radiators. The 3,700-square meter (39,800-square foot) plant is expected to have an annual production capacity of 500,000 units by 2013.
"The establishment of FVCC Chengdu represents yet another strong testament to the strategic and successful partnership between Visteon and FAWER," said Ye Fan, FAWER president. "We are pleased with FVCC's growth over the years and remain committed to supporting its continuous success."
Since the establishment of its first facility in Changchun in 1995, which was expanded in 2011, FVCC has grown into a leading automotive climate components supplier in China. Drawing on its world-class manufacturing capability and localized design services, it now supplies state-of-the-art brazed and mechanical aluminum radiators, heating ventilation and air conditioning systems (HVAC) and charge air coolers to a wide range of automakers in China and for export markets.
Visteon is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 27 countries and employs approximately 26,000 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation
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