News Releases

TRW Continues Investment In China With Opening Of Three New Plants

Apr 20, 2015

SHANGHAI, April 20, 2015 /PRNewswire/ -- Stand 5BJ211, Hall 5.2, Auto Shanghai -- TRW Automotive Holdings Corp. (NYSE: TRW), has announced plans to open three new plants in China this year and next. Two of the facilities are located on the same campus in Zhanghjiagang in the province of Jiangsu, one dedicated to braking which is due to start operations at the end of Q2, 2015, and the other to occupant safety systems (OSS) with a planned start of production in November this year. The third is located in Xian and is also an OSS plant – anticipated to be operational by the third quarter of 2016.

TRW has announced plans to open three new plants in China this year and next. Two of the facilities are located on the same campus in Zhanghjiagang in the province of Jiangsu, one dedicated to braking which is due to start operations at the end of Q2, 2015, and the other to occupant safety systems (OSS) with a planned start of production in November this year. The third is located in Xian and is also an OSS plant - anticipated to be operational by the third quarter of 2016.

Mark Stewart, vice president, Asia Pacific, TRW, said: "The opening of these new facilities demonstrates our continued investment in China and our commitment to supporting the rapid growth of the automotive market here. Our new facilities will support our customers – both domestic and global – with a number of upcoming launches."

TRW's braking plant, which covers an area of 23,000 square meters, will manufacture and assemble technologies including electric park brake (EPB), integrated park brake and front calipers, as well as housing machining, carrier machining and actuation machining and assembly. By the end of 2016, it is planned that over 750 people will be employed at the plant.

The OSS plant in Zhanghjiagang, which covers an area of 16,000 square meters, will assemble driver, passenger, side and curtain airbags as well as seat belt technologies including TRW's FS1 and SPR4 retractors, buckle head and hood lifters. TRW anticipates that around 500 people will be employed at the facility by the end of 2016.

Finally, TRW will localize inflator production at its OSS facility in Xian which is planned to start operations in July 2016

"With our new facilities, we will have a total of 25 operations in China and in excess of 10,000 employees since we began operations over 20 years ago. This includes the recent opening of the company's largest research and development center in the world which is located in Anting.

"With leading positions across each of our product lines and a strong footprint in China, TRW is ideally positioned to help vehicle manufacturers in China meet the growing safety and environmental requirements," concluded Stewart.

About TRW

With 2014 sales of $17.5 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 24 countries and employs approximately 65,000 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, 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.

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 U.S. Private Securities Litigation Reform Act of 1995.  We caution readers not to place undue reliance on these statements, which speak only as of the date hereof.  All forward-looking statements are subject to numerous assumptions, risks and uncertainties which could cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (our "Form 10-K"), such as:  the occurrence of any event, change or other circumstances that could give rise to the termination of the ZF merger agreement, which could have a material adverse effect on us and our stock price; the inability to consummate  the proposed ZF merger or the inability to consummate the ZF merger in the timeframe or manner currently anticipated, due to the failure to satisfy conditions to completion of the proposed ZF merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transaction, could have a material adverse effect on us and our stock price; risks related to disruption of management's attention from our ongoing business operations due to the ZF merger; the effect of the announcement of the proposed ZF merger on the Company's relationships with its customers, suppliers, joint venture partners and others, as well as our operating results and business generally; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; economic conditions adversely affecting our business, results or the viability of our supply base; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; pricing pressures from our customers adversely affecting our profitability; global competition adversely affecting our sales, profitability or financial condition; any disruption in our information technology systems adversely impacting our business and operations; any shortage of supplies causing a production disruption for any customers or us; the loss of any of our largest customers or a significant amount of their business, or a significant decline in their production levels, adversely affecting us; our contingent liabilities and tax matters causing us to incur losses or costs; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; costs or adverse effects on our business, reputation or results from governmental regulations; work stoppages or other labor issues at our facilities or those of our customers or others in our supply chain adversely affecting our business, results or financial condition; commodity inflationary pressures adversely affecting our profitability or supply base; and other risks and uncertainties set forth in the Company's Form 10-K under "Item 1A. Risk Factors" and in our other filings with the U.S. Securities and Exchange Commission.  All forward-looking statements are expressly qualified in their entirety by such cautionary statements. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.

Photo - http://photos.prnewswire.com/prnh/20150417/199478

SOURCE TRW Automotive Holdings Corp.

For further information: Louise Colledge / TRW Automotive, (44) 121.506.5317 / louise.colledge@trw.com; Nicole Liu / Wiz Kreative, (86) 186.2775.2661 / nicole@wizkreative.com


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