Tower Automotive Opens New Manufacturing Plant in Germany
NOVI, Mich.--Oct. 1, 20051, 2005--Tower Automotive (OTC BB: TWRAQ) today announced that it has opened a new manufacturing facility in Duisburg, Germany. It is scheduled to begin production in early 2006. The new facility will primarily serve DaimlerChrysler for the production of complete body-in-white assemblies including the front and double cabin door assemblies for the next generation Mercedes-Benz Sprinter light truck.Tower said that the state-of-the-art plant will be equipped with 23 welding robots and one of the first laser-nap machines in the automotive supply industry, which is used to prepare certain stampings for laser welding. The plant has been designed such that additional manufacturing operations could be added in the future. At peak production the facility will be able to produce over 2,000 doors per day. Tower expects that it will employ approximately 100 colleagues once the facility becomes completely operational.
Kathleen Ligocki, President and Chief Executive Officer of Tower Automotive, said, "Tower's business in Europe is strong and growing, and this modern, efficient facility will contribute greatly to our growth strategy. We greatly value our longstanding partnership with DaimlerChrysler, and look forward to continuing to strengthen that partnership by providing high-quality products from this new plant."
About Tower Automotive
Tower Automotive, Inc. is a global designer and producer of vehicle structural components and assemblies used by every major automotive original equipment manufacturer, including BMW, DaimlerChrysler, Fiat, Ford, GM, Honda, Hyundai/Kia, Nissan, Toyota, Volkswagen and Volvo. Products include body structures and assemblies, lower vehicle frames and structures, chassis modules and systems, and suspension components. Additional company information is available at www.towerautomotive.com.