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TI Group Automotive to Close Auto Parts Plant in Georgia

25 February 2000

TI Group Automotive to Close Auto Parts Plant in Georgia

    WARREN, Mich., Feb 25 -- TI Group Automotive Systems has
announced that it will close its automotive parts manufacturing plant in
Valdosta, Georgia.
    Production is being phased out and the plant will be closed in July, 2000,
Jim Davis, president of TI Group Automotive Systems North American, said.
    The plant employs 105 people and supplies automotive customers with fluid
carrying assemblies for powertrain, air conditioning and heater systems.
    "We regret the need to close the Valdosta plant, because it is a good
plant with an excellent work force," Davis said.  "However, the demands of
our customers require us to consolidate this production to larger facilities
which can serve our automotive customers more efficiently."
    The company will provide transition programs and benefits to the plant's
employees in order to help them obtain new employment, according to Louis
Goodin, plant manager.  "The unemployment rate in the area is extremely low
and we will contact other local employers who are in need of good employees
to help in the transition," he said.
    The Valdosta plant was opened in May 1990 by S&H Engineering and
Fabricating, which was acquired by TI Group in 1998.
    TI Group Automotive Systems is a global supplier of brake and air
conditioning fluid carrying components and complete fuel storage and delivery
systems, combining the long-established automotive suppliers Bundy and
Walbro.  With annual global revenues of more than $2.2 billion and 20,000
employees at 150 facilities around the world, it is a business of TI Group
plc, one of the world's leading specialized engineering companies.  TI Group,
with headquarters in the UK, is listed on the London Stock Exchange and
operates globally with more than 40,000 people at more than 400 manufacturing
and customer service facilities in more than 45 countries.
    Further information about TI Group and its businesses can be found on the
Internet at http://www.tigroup.com .