Safety Components International, Inc. Receives Significant Airbag Orders From Major Module Supplier

12 January 1998
Safety Components International, Inc. Receives Significant Airbag Orders From Major Module Supplier

    FORT LEE, N.J., Jan. 12 -- Safety Components International,
Inc. , one of the world's leading manufacturers of automotive
airbag fabric and cushions, announced today that its North American Automotive
Division was awarded significant automotive airbag orders from a major module
supplier.  Total annual volume should approximate 700,000 airbag cushions and
$9.7 million in annual revenues from the six programs.  Total orders from this
new customer now aggregate 1.1 million airbag cushions and $14.7 million in
annual revenues.  Significant production should begin on all programs during
Safety Components' first quarter of fiscal year 1999, which begins on April 1,
1998.  Certain of the awarded airbag cushion platforms are currently in
production and will require approval of the automobile manufacturers prior to
commencement of production by Safety Components.
    "With these awards, we now have significant programs with each of the two
largest worldwide airbag module integrators," said Robert A. Zummo, president
and chief executive officer of Safety Components International, Inc.  "In
addition, Safety Components has bid on all new airbag cushion programs with
this customer and we believe we are well positioned to expand the awards to an
annual volume of 3.5 million airbag cushions by the end of our fiscal year
1999.  We also believe we can broaden our relationship with this customer to
include European business."
    This release contains forward-looking statements.  There are certain
important factors that could cause results to materially differ from those
anticipated from the statements made above.  These factors include, but are
not limited to: worldwide economic conditions; automotive industry trends;
approval by automobile manufacturers of airbag cushions currently in
production; pricing pressures and the ability to satisfy the customer on
timeliness and quality.  Additional information on these and other factors
that could potentially affect the company's financial results may be found in
the company's filings with the Securities and Exchange Commission.
    Safety Components International, Inc. is a leading, low-cost supplier of
automotive airbag fabric and cushions with operations in North America, Europe
and Asia.  The company is also a leading manufacturer of value-added synthetic
fabrics used in a variety of niche industrial and commercial applications.  In
addition, Safety Components supplies metal airbag components to its airbag
customers utilizing its machining and stamping capabilities gained from years
as a military ordnance manufacturer and continues as a systems integrator and
manufacturer for ordnance programs.

SOURCE  Safety Components International, Inc.