Federal-Mogul to Build New Manufacturing Facility in India
Federal-Mogul is planning to
build a new facility in Chennai, India, for the manufacture of friction
components for original equipment (OE) and aftermarket segments. The
facility 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 facilities in
India, including pistons, rings, liners, bearings, ignition and
sintered products for both OE and aftermarket customers. The locations
are in Bangalore, Bhiwadi, Khandsa, Parwanoo and Patiala.
Federal-Mogul's Ferodo 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.”
For more information about Federal-Mogul, go to: www.federalmogul.com.
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