DETROIT, May 31 /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 Poland.
AAM plans to purchase a manufacturing building in Olawa, Poland. The
building will be modified and upgraded with new manufacturing systems for
AAM's current business requirements in Europe. In addition, AAM has
purchased approximately 75 acres of land in an industrial park adjacent to
the building for future development. AAM has designed a new 170,000
square-foot, state-of- the-art manufacturing plant for that site, to
accommodate future manufacturing requirements.
Operations will begin in late 2006. Kim C. Forshee has been appointed
plant manager to oversee the installation, build the organization, and be
responsible for the future operation of the facility.
The Eastern Europe location will provide excellent geographic access to
all vehicle manufacturers throughout Europe and allow AAM to expand its
business in the European marketplace.
"We are extremely pleased to make this announcement of the expansion of
AAM's global footprint into Eastern Europe," says AAM Executive Vice
President Worldwide Manufacturing Richard F. (Rick) Dauch. "The automotive
industry is a global enterprise, and OEMs continue to produce vehicles with
a commonality of systems across multiple platforms. Our expansion onto
Continental Europe, allows AAM to provide the European marketplace with our
high technology, driveline systems, modules, and drive train components at
a globally competitive cost."
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,
passenger cars and crossover vehicles. 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,
Poland, 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
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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