SOUTHFIELD, Mich., July 7 /PRNewswire-FirstCall/ -- Federal-Mogul
Corporation (Nasdaq: FDML) recently produced the first pistons from a
state-of-the-art manufacturing line at its new Powertrain Energy business
segment facility in Araras, Brazil. The 10,300-square-meter "Greenfield"
facility produces pistons, camshafts, and valve seats and guides for
several leading vehicle manufacturers.
The new Araras facility recently marked a significant milestone when it
shipped the first pistons to customers, four weeks ahead of the planned
shipment date. "We are pleased to provide our customers with this new
capacity and product technology," said Rainer Jueckstock, senior vice
president, Powertrain Energy. "New product technology and manufacturing
capacity were required to respond to market growth and customer programs in
Brazil."
The facility was built to accommodate a high-tech piston line and
relocation of the camshaft, and valve seats and guides operations from a
former facility in Araras. A second piston line is expected to be in
operation by the end of 2008. Federal-Mogul has received several new piston
business bookings from market-leading vehicle manufacturers as a result of
bringing the new manufacturing facility into operation. The Araras facility
is Federal-Mogul's sixth facility in South America.
This new investment in Brazil further demonstrates Federal-Mogul's
commitment to its sustainable global profitable growth strategy,
positioning itself to participate in high growth emerging markets. "The
global market is an integral part of our strategy for long-term success and
profitability. We are diligently working to develop business growth in key
areas of the world, such as in South America, China, India and Russia,
while strengthening our market leadership in Europe and North America,"
said Federal-Mogul President and Chief Executive Officer Jose Maria
Alapont.
Federal-Mogul Powertrain Energy
Federal-Mogul's Powertrain Energy products are used in automotive,
light truck, heavy-duty, industrial, marine, agricultural, power generation
and small air-cooled engine applications. The primary products of this
segment include pistons, piston rings, piston pins, cylinder liners, valve
seats and guides, and transmission components. These products are offered
under the Federal-Mogul, AE(R), Glyco(R), Goetze(R) and Nural(R) brand
names.
About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier of powertrain
and safety technologies, serving the world's foremost original equipment
manufacturers of automotive, light commercial, heavy-duty, agricultural,
marine, rail, off-road and industrial vehicles, as well as the worldwide
aftermarket. The company's leading technology and innovation, lean
manufacturing expertise, as well as marketing and distribution deliver
world-class products, brands and services with quality excellence at a
competitive cost. Federal-Mogul is focused on its global profitable growth
strategy, creating value and satisfaction for its customers, shareholders
and employees. Federal-Mogul was founded in Detroit in 1899. The company is
headquartered in Southfield, Michigan, and employs 50,000 people in 35
countries.
CONTACT: Paula Silver - 248-354-4530
Jennifer Rass - 248-354-7502
SOURCE Federal-Mogul Corporation
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Related links:
http://www.federal-mogul.com
http://www.prnewswire.com/comp/306225.html /
CONTACT:
Paula Silver, +1-248-354-4530, or Jennifer
Rass, +1-248-354-7502, both of Federal-Mogul Corporation
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