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SOURCE BorgWarner Inc.
BorgWarner Serves Increasing Demand for Fuel-Efficient Turbocharging Technologies with New Gold LEED Certified Production Facility in Taicang
AUBURN HILLS, Mich., Sept. 5, 2014 /PRNewswire/ -- BorgWarner officially opened its new production facility in Taicang, China, on September 4, 2014. With a building area of 161,500 square feet (15,000 square meters), BorgWarner's new green facility is strategically located in a major development area close to Shanghai and is its second turbocharger plant in China. Propelled by growing demand in the expanding Chinese automotive market, the new BorgWarner facility will produce advanced turbocharging technologies for several automakers. BorgWarner expects the Chinese light vehicle turbocharger market to more than double from 4.2 million units in 2014 to 8.6 million units by 2019 as emissions standards become increasingly tight. Driven by BorgWarner's escalating growth, the new production plant in Taicang will employ more than 150 people by the end of 2014, and this figure is expected to rise to 500 employees by 2018.
"With our new production facility in Taicang, we are building the foundation for our long-term expansion as a leading supplier of turbocharging technology, engineered and manufactured to improve fuel economy, reduce emissions and enhance performance," said Frederic Lissalde, President and General Manager, BorgWarner Turbo Systems. "Enhancing our capabilities will meet growing customer demand through localized production and strengthen our product portfolio and customer relationships in China."
With a total area of nearly 538,200 square feet (50,000 square meters), the environmentally friendly campus has received LEED (Leadership in Energy and Environmental Design) gold certification.
Using natural lighting, solar power and rainwater recycling reduces the facility's energy consumption by about 22 percent.
The latest manufacturing plant continues BorgWarner's successful growth in China. Since establishing a turbocharger plant in Ningbo in 2006, BorgWarner has continuously enlarged that campus, using state-of-the-art geothermal technology to heat and cool the building while reducing energy costs by 30-60 percent without emitting carbon dioxide.
BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for powertrains around the world. Operating manufacturing and technical facilities in 60 locations in 19 countries, the company delivers innovative powertrain solutions to improve fuel economy, reduce emissions and enhance performance. For more information, please visit borgwarner.com.
Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.
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