BorgWarner Morse TEC Marks Grand Opening of Morse TEC Korea

CHICAGO, March 24 -- BorgWarner Morse TEC has marked significant progress in its strategic globalization plan with the grand opening of a 34,250 square-foot plant in Pyongtaek, Gyeonggi Province, Korea. Morse TEC Korea was formed in 2002 in support of the company's growing business relationship with Hyundai Motor Company. Since then, the wholly owned subsidiary has planned for the manufacture and supply of engine timing systems for Hyundai's high-volume gasoline engine.

"The demand for engine timing systems is expected to grow rapidly in Asia, as vehicle makers discover the benefits of chain over belts -- increased engine durability and horsepower, reduced noise and vibration, and improved packaging," said Roger Wood, BorgWarner Morse TEC President and General Manager. "BorgWarner Morse TEC is pleased to bring the performance benefits and optimized value of our engine timing systems to our Asian customers through local operations that support the growing demand in this high- potential market. We are very proud of our new facility, which gives us an even stronger local presence in support of one of our fastest growing customers."

Morse TEC is a global leader in the design and manufacture of automotive chain systems and components for engine timing, automotive transmission and four-wheel drive applications. BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 43 locations in 14 countries. Customers include Ford, DaimlerChrysler, General Motors, Toyota, Honda, Hyundai/Kia, Caterpillar, Navistar International, Renault/Nissan, Peugeot and VW/Audi. The Internet address for BorgWarner is: http://www.bwauto.com/