TRW Opens Plant in Slovakia to Support Electric Steering Systems Growth
NOVE MESTO, Slovakia, Dec. 13, 2007 -- TRW Automotive Holdings Corp. today announced the opening of a new, technologically advanced manufacturing plant in Slovakia to support its position as a leader in the growing electric steering systems global market.
TRW Automotive offers an extensive portfolio of electrically assisted steering products including its full electric column-drive and belt-drive systems, and its electrically powered hydraulic systems (EPHS). These systems provide steering assist only when needed, thus reducing fuel consumption and C02 emissions.
The new steering systems site will produce precision motors for electrically assisted steering systems, located in Nove Mesto nad Vahom. It replaces an existing plant in Slovakia and will employ 450 people at the 3,000 square meter site. It is expected to be fully operational in March of 2008.
The facility increases capacity from the current two million units per year and is expected to produce over three million motor units annually to support TRW electric steering systems for growing automotive customer demand across Europe and Asia.
Steve Lunn, executive vice president and chief operating officer, TRW Automotive, said: "This new facility enables us to continue to provide our outstanding quality products with a more efficient cost base to support our global steering systems customers. The new site in Nove Mesto nad Vahom will supply precision brushless motor technology across our full range of electric steering systems."
Plant manager, Chris Moorhouse, added: "This new facility is a state-of- the-art manufacturing site with the very latest machinery and technology, including six-axis robots, vision recognition systems and in-process precision CNC machining centers. We have been fortunate to have secured an excellent, highly skilled workforce, and are confident that this plant will make a continuing contribution to the Slovakian and regional economies and become yet another building block in the economic success story here in Slovakia."
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 people worldwide. 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 www.trw.com .