Visteon / Halla to Start Production in Turkey
March 07 2006 - 8:09AM
PR Newswire (US)
GEBZE, Turkey, March 7 /PRNewswire/ -- Visteon Corporation
(NYSE:VC) has launched production of automotive climate control
components and systems in Turkey, continuing to diversify its
manufacturing presence in Europe's growing automotive market. The
new facility is operated by Visteon's Korean affiliate Halla
Climate Control Corporation (HCC) -- Visteon owns 70 percent of the
equity shares of HCC, which is listed on the Korea stock exchange.
(Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )
The plant, located in Gebze, manufactures and assembles heating,
ventilation and air-conditioning (HVAC) units and cooling modules
for the sub- compact Hyundai Accent. The Accent is produced by
Hyundai's Turkish manufacturing operations in Izmit. The new
Visteon/Halla Climate Control plant initially employs approximately
150 people. It is expected to run at full production capacity by
October 2006. Visteon plans to increase the production capacity in
Turkey and is currently evaluating additional business
opportunities. "Turkey is developing into a hot emerging market,
offering a high level of manufacturing quality," said Heinz
Pfannschmidt, Visteon executive vice president and president,
Europe and South America Customer Group. "Expanding into Turkey
allows us to better support our global customers and continue to
grow our already strong global manufacturing footprint." Visteon
Corporation is a leading global automotive supplier that designs,
engineers and manufactures innovative climate, interior, electronic
and lighting products for vehicle manufacturers, and also provides
a range of products and services to aftermarket customers. With
corporate offices in Van Buren Township, Mich. (U.S.); Shanghai,
China; and Kerpen, Germany; the company has more than 170
facilities in 24 countries and employs approximately 50,000 people.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: North America: Melissa Andrade,
+1-734-710-5546, , or Germany & Eastern Europe: Britta Lange,
+49-2273-595-2667, , both of Visteon Corporation Web site:
http://www.visteon.com/
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