TRW Plans to Close Jackson, Michigan Manufacturing Facility
JACKSON, Mich., Aug. 18, 2005 -- TRW Automotive's Kelsey- Hayes Company subsidiary announced today it plans to close its Jackson, Michigan manufacturing facility by July 2006. The planned facility closure is a result of relentlessly increasing pricing pressures in the marketplace and the need to improve competitiveness to attract future business.
The Jackson plant has approximately 400 employees and manufactures braking components for the automotive industry. Under the plan, present Jackson plant operations would be consolidated into existing North American facilities.
"Marketplace pressures require difficult actions," said Ron Muckley, Vice President, Operations, North America Braking and Suspension Systems. "We are challenged to provide the absolute lowest cost product and compete with an increasing number of competitors in a global marketplace," he said.
The Jackson Plant is operated by Kelsey-Hayes Company, a subsidiary of TRW Automotive Holdings Corp. TRW Automotive ranks among the world's top automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 60,000 people in 24 countries. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at http://www.trwauto.com/ .