TRW Automotive Opens Global Information Systems Service Center in Malaysia's Silicon Valley
CYBERJAYA, Malaysia, Nov. 17, 2006 -- TRW Automotive Services Malaysia has officially opened as TRW's global information systems (IS) service center in Cyberjaya, Malaysia, representing an investment of more than US $2.4 million. The new entity, a subsidiary of TRW Automotive Holdings Corp. , will provide IS support for TRW's global operations.
By the end of this year, TRW plans to have employed 100 IS professionals in the 27,000-square-foot facility and intends to recruit a further 100 people by the end of 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO )
Joe Drouin, vice president and chief information officer, TRW Automotive, said: "With the creation of this facility, we have established a strategic service center that will be owned and operated by TRW. In addition to serving as one of our primary global data centers, we will develop and manage global applications for TRW from Cyberjaya, including our Enterprise Resourse Planning (ERP) systems. The center will also serve as the IS operating hub for our growing business in Asia Pacific. We will consolidate a number of other currently outsourced activities into this center as well.
"We chose this location mainly because of its first class infrastructure and the wealth of talented IS professionals available in Malaysia. The facility also provides an excellent foundation to support our rapidly growing business in Asia Pacific.
"This new service center is truly a catalyst for change. By providing a complete range of innovative and cost effective IS services directly from this facility to TRW's global businesses, we will help drive future competitiveness."
About TRW Automotive
With 2005 sales of $12.6 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, employs approximately 63,000 people in 25 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/ .
Forward-Looking Statements
This release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those contained in forward-looking statements made in this release. Such risks, uncertainties and other important factors which could cause our actual results to differ materially from those contained in our forward-looking statements are set forth in our Report on Form 10-K for the fiscal year ended December 31, 2005 (the "10-K"), and our Forms 10-Q for the quarters ended March 31, June 30 and September 29, 2006, and include: our ability to successfully operate the above-referenced service center; production cuts or restructuring by our major customers; work stoppages or other labor issues at the facilities of our customers or suppliers; non- performance by, or insolvency of, our suppliers and customers, which may be exacerbated by recent bankruptcies and other pressures within the automotive industry; the inability of our suppliers to deliver products at the scheduled rate and disruptions arising in connection therewith; interest rate risk arising from our variable rate indebtedness (which constitutes a majority of the company's indebtedness), especially in view of the current climate of rising interest rates; loss of market share by domestic vehicle manufacturers; efforts by our customers to consolidate their supply base; severe inflationary pressures impacting the market for commodities; escalating pricing pressures from our customers; our dependence on our largest customers; fluctuations in foreign exchange rates; our substantial leverage; product liability and warranty and recall claims; limitations on flexibility in operating our business contained in our debt agreements; the possibility that our owners' interests will conflict with ours and other risks and uncertainties set forth under "Risk Factors" in the 10-K and in our other SEC filings. We do not intend or assume any obligation to update any of these forward-looking statements.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGOAP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com