SOUTHFIELD, Mich., Aug. 7 /PRNewswire-FirstCall/ -- Federal-Mogul
Corporation (Nasdaq: FDML) today announced it is planning to build a new
facility in Chennai, India, for the manufacture of friction components for
Original Equipment and Aftermarket segments. The operation is scheduled to
begin production of light vehicle brake and friction components, commercial
vehicle and railway friction products by September 2009.
Federal-Mogul currently manufactures products at six operations in
India, including pistons, rings, liners, bearings, ignition and sintered
products for both OE and Aftermarket customers. The locations are in
Bangalore, Bhiwadi (2), Khandsa, Parwanoo and Patiala. Federal-Mogul's
Ferodo(R) friction products have been manufactured in India since 1995,
although the new friction facility will be the first in the Chennai region.
Federal-Mogul's wholly-owned subsidiary in India recently signed a
memorandum of understanding with New Chennai Township Pvt. Ltd., a
subsidiary of MARG Ltd., a major Indian development company to buy 10 acres
of land on which it will build the 6,000-square-meter facility. The plant
will be built in three phases and will eventually total 15,000 square
meters and create approximately 500 jobs.
"This new greenfield facility is another example of Federal-Mogul's
commitment to grow its manufacturing footprint in India," said
Federal-Mogul President and Chief Executive Officer Jose Maria Alapont.
"Products manufactured at the new facility will be for both local vehicle
manufacturers and for export to the global automotive market."
"We are the leader in supplying Ferodo brand vehicle brake friction
components and we continue to experience excellent opportunities for global
growth. We are pleased to expand our presence in India, one of the world's
most exciting and dynamic economies. This new facility in Chennai is an
investment to deepen and diversify our presence in India in support of
market growth, and further demonstrates our commitment to our sustainable
global profitable growth strategy," Alapont continued.
Federal-Mogul Vehicle Safety and Protection
Federal-Mogul supplies systems protection products and is one of the
world's largest suppliers of friction materials. Both the systems
protection products and the friction products are used in the automotive,
heavy-duty, motorcycle, railway and consumer products markets. The primary
products include brake disc pads, brake shoes, brake linings and blocks.
Federal-Mogul offers a portfolio of world-class brand names, including
Abex(R), Beral(R), Ferodo(R), ThermoQuiet(R) and Wagner(R). Federal-Mogul
supplies friction and systems protection products to all major customers in
the light vehicle, commercial vehicle and railway sectors and is also a
leading company in the aftermarket.
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, industrial,
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 sustainable 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. Visit the company's Web site at
http://www.federalmogul.com .
CONTACT: Paula Silver - 248-354-4530
Jennifer Rass - 248-354-7502
* Please note accent over 'e' in Jose Maria Alapont
SOURCE Federal-Mogul Corporation
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Related links:
http://www.federalmogul.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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