Remy and Johnson Electric - Sign Strategic Agreement

ANDERSON, Ind., Feb. 17, 2005 -- Remy International, Inc., ("Remy") and Johnson Electric Holdings Limited ("Johnson Electric") based in Hong Kong, announce the signing of a strategic cooperative agreement. Under the terms of the agreement, Johnson Electric will supply Remy with components, motor assemblies and support services for Remy's Wholly Foreign-Owned Enterprise ("WFOE") located in Shajing, Shenzhen, in the Guangdong province of China.

Remy will lease a 17,000 sq.m. plant to produce alternators and starters for the emerging China market and to support Remy's expanding worldwide customer base. This strategic alliance will supplement Remy's current alternator manufacturing plant, Remy Electricals Hubei Co., Ltd. and the Remy Customer Support Center in Shanghai. Remy's WFOE will be positioned to offer a reliable, low-cost, manufacturing base for production activities, focusing on the China domestic market, which is expected to grow from 5.7 million vehicles in 2005 to more than 8.7 million by 2010.

"Johnson Electric's integrated manufacturing base in China combines supply chain efficiencies and scale advantages in production and procurement. Together, Remy and Johnson Electric share common business strategies for best total cost solutions essential in the expanding world automotive markets," said Mike Alma, Remy's Vice President of Asia Pacific Operations, who is now based in Hong Kong.

Remy International, Inc., is headquartered in Anderson, Indiana (USA). The company designs, manufactures, remanufactures and distributes electrical, powertrain and related components and provides core exchange services for automobiles and light trucks, heavy-duty trucks and other heavy-duty, off-road and industrial applications. Products include starter motors, alternators, engines, fuel systems and hybrid drive systems. The company serves the aftermarket and original equipment manufacturer market, principally in North America, as well as Europe, Latin America and Asia Pacific.

Johnson Electric is a motor industry growth leader, providing micro motors and integrated motor systems to global customers in the automotive, power tools, home appliances, business equipment, audio-visual and personal care sectors. Design engineering centers are located in Hong Kong, Italy, China, Japan, Israel and the USA. Johnson Electric Holdings Limited is listed on the Hong Kong Stock Exchange (code 179) and is a constituent of the Hang Seng Index.

  More information is available at the following companies' websites:
  http://www.johnsonelectric.com/
   http://www.remyinc.com/