Company showcase in 2005 Shanghai Auto Show
ANDERSON, Ind., April 21 /PRNewswire/ -- Remy International, Inc., has
formed a wholly foreign-owned enterprise (WFOE), Remy Electricals (China)
Company Limited in Shajing, Guangdong Province of China which will
significantly expand Remy's presence in the region. The facility will launch
operations in May 2005 to satisfy Remy's new business demand in China and meet
rapidly growing opportunities. Remy will begin production later this year in
a 17,000 sq. m. facility in Shajing with significant expansion possible in the
future. This major expansion will add more than 2.2 million units of annual
capacity for the manufacture of new Delco Remy and Remy brand starters and
alternators.
This latest initiative by Remy is designed to accommodate the rapidly
emerging local market in China where forecasted growth in vehicle demand
continues to be among the fastest in the world. In 2003 Remy acquired a
majority ownership in an alternator operation, Remy Electricals Hubei Company,
Ltd. in Jingzhou, Hubei Province. For over 10 years, this company has
manufactured and sold licensed product to the top China OEMs. Additionally,
Remy International (Shanghai) Representative Office, located in the Shanghai
Centre on Nanjing Road in Shanghai, was established in November 2002 and is
the base for Remy domestic sales and purchasing.
"We are making a significant additional focus in China to transfer our new
global technologies and best-in-class quality to support our OEM customers'
requirements for both domestic and export markets," stated Remy Incorporated
President, Richard L. Stanley.
Remy International, Inc., headquartered in Anderson, Indiana, is a leading
manufacturer, remanufacturer and distributor of electrical components, diesel
engines and hybrid power systems. The company also provides a worldwide core
exchange service for automobiles, light trucks, medium and heavy-duty trucks
and other heavy-duty trucks and other heavy-duty, off-road and industrial
applications. Remy was formed in 1994 as a partial divestiture by General
Motors Corporation of the former Delco Remy Division, which traces its roots
to Remy Electric, founded in 1896. More information is available at the
company's website: http://www.remyinc.com
SOURCE Remy International, Inc.
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Related links:
http://www.remyinc.com
Company News On-Call:
http://www.prnewswire.com/comp/111635.html
CONTACT:
John Pyzik of Remy International, Inc.,
+1-765-778-6607
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