Federal-Mogul Continues to Grow Presence in China
SOUTHFIELD, Mich.--Jan. 2, 20057, 2005--Federal-Mogul Corporation (OTCBB:FDMLQ) continues to grow its presence in China - this time opening up a new facility in Qingdao, China, to produce universal joints and chassis products for the aftermarket industry. The facility opened its doors in October 2004 and is expected to add capacity throughout 2005.The 100,000-square-foot manufacturing facility currently has 60 employees and expects to create 40 additional jobs in the first quarter of 2005 as production volumes increase. Products manufactured at the facility include driveline and suspension products for Federal-Mogul's global customer base as well as for consumption in the domestic market in China.
"We opened this facility to meet customer demand for our universal joints and chassis products," said Greg Grigsby, vice president, chassis/brake, fuel and lighting operations, Federal-Mogul's Worldwide Aftermarket operations. "We look forward to continuing to provide value-added solutions through high-quality parts and services to our OE and aftermarket customers not only in North America but also in emerging markets."
The Qingdao facility, located in the Shandong Province and bordering the Yellow Sea, is Federal-Mogul's eighth facility in China. It is positioned near critical suppliers as well as a Federal-Mogul piston facility.
Other Federal-Mogul products manufactured in the region include: disc brake pads, lined brake shoes, spark plugs, wiper blades, ignition leads, gaskets, bearings, bushings and piston rings.
About Federal-Mogul
Federal-Mogul is a leading global automotive supplier offering a comprehensive portfolio of quality products, trusted brands and creative solutions. The Company utilizes its engineering and materials expertise, proprietary and innovative technology, manufacturing skill, distribution flexibility and marketing power to create value for its stakeholders. The Company's principal customers include many of the world's foremost original equipment manufacturers of vehicles and industrial products, and aftermarket retailers and wholesalers.
Headquartered in Southfield, Michigan, Federal-Mogul's rich heritage began in Detroit, Michigan in 1899. Today, Federal-Mogul employs more than 45,000 people in 29 countries. Federal-Mogul products are sold under a variety of brands, including AE(R) engine products, Anco(R) wipers, BCA(R) bearings, Champion(R) spark plugs and wipers, Fel-Pro(R) gaskets, Ferodo(R) brake pads, Glyco(R) bearings, Goetze(R) piston rings, Moog(R) chassis products, National(R) oil seals, Nural(R) pistons, Payen(R) gaskets, Sealed Power(R) engine products and Wagner(R) lighting and brake products. For more information on Federal-Mogul, visit the company's Web site at http://www.federal-mogul.com.