CHANGSHU, China, March 28 /PRNewswire-FirstCall/ -- AAM (American Axle &
Manufacturing Holdings, Inc. - NYSE: AXL) today broke ground for its Changshu
Gear & Axle facility in Jiangsu Province, China.
AAM has acquired land-use rights for approximately 30 acres in an
industrial park in the city of Changshu for the construction of a 180,000
square-foot, state-of-the-art, wholly owned manufacturing plant for its highly
engineered driveline systems. Products scheduled for manufacture in the
facility include independent rear drive axles (IRDA), power transfer units
(PTU), integrated oil pan (IOP) front axle module and driveshafts for several
customers, including SsangYong Motors, Beijing Benz DaimlerChrysler, General
Motors and additional OEMs.
When fully operational, the facility will create approximately 350
engineering and manufacturing positions. William A. Smith has been appointed
plant manager to oversee construction, build the organization, and be
responsible for the future operation and launch of the products for AAM's
customer base.
"We are extremely pleased to celebrate the ground breaking for AAM's first
regional manufacturing operation here in Changshu, China," said AAM Executive
Vice President, Worldwide Manufacturing Richard F. (Rick) Dauch. "China and
Asia represent a large and growing market that we intend to serve with AAM's
latest technology products, processes and systems."
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 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.
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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