TRW Opens New Japan Engineering Center to Support Japanese Customers
YOKOHAMA, Japan, Nov. 9, 2007 -- TRW Automotive Holdings Corp. - the global leader in active and passive safety systems, has opened a new, custom-designed 5,000 square meter Japan Engineering Center (JEC) in Yokohama, housing research and development, application engineering and full product testing capabilities.
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The JEC broadens and consolidates TRW's technical presence in Japan and is designed to support all local customers for TRW's full safety portfolio. At full capacity the JEC will house a total of 130 engineers, technicians, sales and support staff.
The JEC significantly expands the company's Occupant Safety Systems presence in Japan and houses the new dynamic crash simulator with full sled testing capability. The facility will also provide a common location for all four engineering groups including steering & suspension, braking, occupant safety, and integrated safety systems and include advanced test equipment for all product lines.
"We are very excited to officially open the Japan Engineering Center today," said TRW president and CEO John C. Plant. "The new center is a reflection of our commitment to the Japanese market and our ongoing effort to provide the best in advanced safety systems to Japanese customers, both domestically and around the world."
The new three-story center features full laboratory and testing facilities for all major TRW product lines, and also serves as the headquarters for the Japan sales team and the executive management team.
"TRW Automotive Japan has introduced its global account management structure to serve Japanese vehicle manufacturers with the goal of sharpened focus and enhanced service to the needs of these customers worldwide. To reinforce this effort, our new engineering center also serves as the overall TRW headquarters, offering our customers one major contact location for our sales and engineering teams," said Shinzo Yotsumoto, president of TRW Automotive Japan. "From our new center we will offer customers a full spectrum of services to support current product applications and develop new ones for the Japanese market with better responsiveness by coordinating with the overseas core engineering teams of TRW globally."
About TRW
With 2006 sales of $13.1 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 28 countries and employs approximately 63,800. 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.trw.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, 2006 (the "10-K"), and Report on form Q for the quarters ended March 30, 2007, June 29 and September 28, 2007, and include: 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); 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 and efforts by customers to alter terms and conditions concerning warranty and recall participation; 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.
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