LIVONIA, Mich., April 29, 2013 /PRNewswire/ -- TRW Automotive Holdings Corp. (NYSE: TRW) recently held the opening ceremony of a new facility in Baia Mare, Romania. The plant is a steering wheel leather wrapping facility and currently employs around 300 people.
Ovidiu Ambrus, plant manager for TRW's facilities in Romania commented: "We have opened the plant to meet the current and growing requirements primarily for Audi. We have an excellent workforce with the right skill set in this area and are confident that we will meet the high quality standards for our customers.
" Baia Mare is an optimal location in terms of infrastructure and transportation networks and will strengthen TRW's position as one of the largest Romanian employers in the automotive supply industry."Dr. Karsten Evers, director of the Steering Wheel Systems product line added: "The Baia Mare facility fits perfectly in our global manufacturing footprint for steering wheels, further developing our competitive position." Baia Mare started operations in January 2013 and it is planned that up to 650 employees will work at the plant by the end of this year. TRW started operations in Romania in 2004 with steering wheel leather wrapping in Timisoara and has expanded its activities to cover die casting, foaming and airbag production. In addition to Timisoara and Baia Mare, TRW has three further sites in Oravita, Lupeni and Marghita employing a total of around 3400 staff. Ambrus concluded: "The opening of Baia Mare is an important occasion and we are delighted to welcome the Mayor of the town and other local and national authorities which have supported our development here. In Romania, we work with 14 major vehicle manufacturers including VW, Fiat and Ford and will continue to develop our footprint in line with customer requirements." About TRW With 2012 sales of $16.4 billion, TRW Automotive ranks among the world's leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 25 countries and employs approximately 65,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to "TRW Automotive", "TRW" or the "Company" in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at www.trw.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts