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Autoliv Opens New Plant in Turkey

1 December 1999

Autoliv Opens New Plant in Turkey

    STOCKHOLM, Sweden, Dec. 1 -- Autoliv Inc.
, a worldwide leader in automotive safety, has opened
a new plant in Turkey which will produce seat belts, airbags and steering
wheels for both the Turkish market and the other markets in Europe.  The need
for this US $10 million investment stems from demand for new products, as well
as from additional contracts for Autoliv's existing products.  The new plant,
which replaces Autoliv's existing, rented facility in Turkey, is closer to the
major car producers.  It is located in the Gebze Industrial Zone  (90 km from
the Istanbul International airport).  This phase in the expansion of the new
plant include a 12,000 square meter (approx. 130,000 sq. ft) production and
office building on the 25,000 sq. meter site.
    Autoliv Cankor in Turkey is currently supplying Renault, Ford, Hyundai,
Tofas-Fiat and some commercial vehicle producers in Turkey, as well as
exporting to European producers.  A couple of years ago, the Company was also
awarded additional contracts by Renault and Ford for new vehicles, which
triggered the investment in the new production facility.
    Annual light vehicle production in Turkey is expected to grow by 50% from
350,000 last year to 450,000 by the year 2001, since major vehicle producers
have decided to use their Turkish plants for export to the European Union
countries.
    Autoliv started operations in Turkey in 1993 by forming a 50/50 joint
venture.  The company has since become a wholly-owned subsidiary with sales
expanding from approximately US $7 million to budgeted US $30 million next
year.  The number of employees has trebled from less than 100 to 300.
    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  The company has 60 wholly-owned
subsidiaries and joint ventures with more than 22,000 employees in 28 vehicle-
producing countries.  In addition, the company has eight technical centers
around the world, including 19 test tracks, more than any other automotive
safety supplier.  Sales in 1998 amounted to close to US $3.5 billion and net
income US $188 million.  The company's shares are listed on the New York Stock
Exchange , its Swedish Depositary Receipts on the Stockholm Stock
Exchange (SSE: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV.)

    Inquiries:
    Lars Westerberg, President & C.E.O., Tel. +46-8-58-72-06-20, or
    Mats Odman, Dir. Corp. Com., Tel. +46-8-58-72-06-23
      or mob. +46-708-32-09-33