DETROIT, Jan. 12 /PRNewswire-FirstCall/ -- American Axle & Manufacturing
Holdings, Inc. (AAM), which is traded as AXL on the NYSE, today announced that
it will establish a manufacturing facility in Changshu, China, near Shanghai.
AAM has acquired land-use rights for approximately 30 acres in an industrial
park in the Changshu city for the construction a 175,000 square-foot, state-
of-the-art, wholly owned manufacturing plant for its highly engineered
driveline systems.
It is anticipated that the groundbreaking for this facility will occur in
the spring of 2006 and preliminary production builds are planned for late
2006. William A. Smith has been appointed launch manager to oversee
construction, build the organization, and be responsible for the future
operation of the facility.
The city of Changshu features one of the 10 largest ports in China. Its
location will provide excellent geographic access to all vehicle manufacturers
throughout Asia.
"We are extremely pleased to announce the expansion of AAM's global
manufacturing footprint," says AAM Co-Founder, Chairman & CEO Richard E.
Dauch. "China and the continent of Asia represent a rapidly growing market
with significant opportunities for AAM's state-of-the-art high technology
products. We are expanding in Asia to provide products to our customers in
that region, while at the same time continuing to profitably grow our North
American and European market share."
AAM is a world leader in the manufacture, engineering, design and
validation of driveline systems and related components and modules, chassis
systems and forged products for light trucks, sport utility vehicles and
passenger cars. In addition to its locations in the United States (in
Michigan, New York and Ohio), AAM also has offices or facilities in Brazil,
China, England, Germany, India, Japan, Mexico, Scotland and South Korea.
Certain statements contained in this press release which are not
historical facts contain forward-looking information with respect to the
Company's plans, projections or future performance, the occurrence of which
involves risk and uncertainties that could cause the company's actual results
or plans to differ materially from those expected by the company which include
risk factors described in the Company's filings with the Securities and
Exchange Commission.
For more information...
Carrie L.P. Gray Christopher M. Son
Director, Corporate Relations Director, Investor Relations
(313) 758-4880 (313) 758-4814
grayc@aam.com chris.son@aam.com
Or visit the AAM website at http://www.aam.com
SOURCE American Axle & Manufacturing Holdings, Inc.
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Related links:
http://www.aam.com
Company News On-Call:
http://www.prnewswire.com/comp/033813.html
CONTACT:
Carrie L.P. Gray, Director, Corporate
Relations, +1-313-758-4880, grayc@aam.com , or Christopher M.
Son, Director, Investor Relations, +1-313-758-4814,
chris.son@aam.com , both of American Axle & Manufacturing
Holdings, Inc.
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