AUBURN HILLS, Mich.
Sept. 17, 2013
/PRNewswire/ -- BorgWarner is building a new manufacturing facility in the industrial zone of Lanheses, Viana do Castelo,
, about 31 miles (50 km) from its currently rented site in Valenca. Construction began in
and is expected to be completed in 2014. BorgWarner's new larger state-of-the-art building comprises 160,000 square feet (15,000 square meters) of manufacturing space, with adjacent room for future expansion. Expanded production capacity will allow BorgWarner to efficiently serve customers with several environmentally friendly technologies such as exhaust gas recirculation (EGR) coolers and EGR tubes as well as glow plug control modules, all key technologies for modern engines aimed at reducing emissions. BorgWarner expects the global EGR systems market to grow from 21.2 million units in 2013 to 33.3 million units by 2018.
"Our investments in
will enable BorgWarner to strengthen its market-leading position in EGR technologies in
and meet growing demand with several EGR products for both passenger cars and commercial diesel vehicles," said
, President and General Manager, BorgWarner BERU Systems and BorgWarner Emissions Systems. "The need for advanced diesel cold-start technologies is a further driver of our business, especially in
emissions regulations take effect in 2014."
The construction of its new plant in
is part of BorgWarner's strategy to expand production of its diesel cold-start technologies while meeting growing demand for the EGR technologies currently produced at the Valenca plant. The company plans to gradually transfer current production to Viana do Castelo with completion by early 2015.
Auburn Hills, Michigan
-based BorgWarner Inc. (NYSE: BWA) is a technology leader in highly engineered components and systems for powertrain applications worldwide. Operating manufacturing and technical facilities in 57 locations in 19 countries, the company develops products to improve fuel economy, reduce emissions and enhance performance. Customers include VW/Audi, Ford, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. For more information, please visit borgwarner.com.
BorgWarner plans to build a new, larger production facility in
to efficiently serve customers with several environmentally friendly emissions and diesel cold-start technologies.
Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.