DETROIT, Feb. 14 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE,
today announced plans to establish a new manufacturing facility in
Thailand, near the city of Rayong, located southeast of Bangkok.
AAM has acquired approximately 21 acres in an industrial park in the
Rayong Province for the construction a 90,000 square-foot,
state-of-the-art, wholly-owned regional manufacturing plant for its highly
engineered driveline products.
It is anticipated that the groundbreaking for this facility will occur
in late spring of 2008, with preliminary production planned for 2009.
Joseph S. Tang has been appointed plant manager to oversee the
construction, build the organization, and be responsible for the future
operation of the facility.
"Our new facility in Thailand represents a significant expansion of our
manufacturing footprint in the important economy of Asia where growing
demand for vehicles is accelerating production volumes," says AAM
Co-Founder, Chairman & CEO Richard E. Dauch. "AAM is continuing to invest
in products and markets where we can best serve our customers and have the
opportunity to drive profitable growth."
The manufacturing facility will be located in the Hemaraj Eastern
Seaboard Industrial Estate that is locally recognized as "Detroit of the
East" for its heavy population of automotive OEMs and suppliers. The
location is strategically located in proximity to key seaports and will
provide excellent geographic access to vehicle manufacturers throughout the
region.
AAM's current Asia operations include a manufacturing facility in
Changshu, China along with business and engineering offices in Tokyo,
Japan; Shanghai, China; Pune, India; and Seoul, South Korea.
AAM is a world leader in the manufacture, engineering, design and
validation of driveline and drivetrain systems and related components and
modules, chassis systems and metal-formed products for trucks, sport
utility vehicles, passenger cars and crossover utility vehicles. In
addition to locations in the United States (Michigan, New York, Ohio and
Indiana), AAM also has offices or facilities in Brazil, China, Germany,
India, Japan, Luxembourg, Mexico, Poland, South Korea and the United
Kingdom.
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...
Renee B. Rogers Jamie M. Little
Manager, Corporate Communications and Director, Investor Relations
Media Relations (313) 758-4831
(313) 758-4882 jamie.little@aam.com
renee.rogers@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
http://www.prnewswire.com/comp/033813.html /
CONTACT:
Renee B. Rogers, Manager, Corporate
Communications and Media Relations, +1-313-758-4882,
renee.rogers@aam.com, or Jamie M. Little, Director, Investor
Relations, +1-313-758-4831, jamie.little@aam.com, both of
American Axle & Manufacturing Holdings, Inc.
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