This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BorgWarner Building New Production Plant In Portugal

AUBURN HILLS, Mich., Sept. 17, 2013 /PRNewswire/ -- BorgWarner is building a new manufacturing facility in the industrial zone of Lanheses, Viana do Castelo, Portugal, about 31 miles (50 km) from its currently rented site in Valenca. Construction began in August 2013 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 Portugal will enable BorgWarner to strengthen its market-leading position in EGR technologies in Europe and meet growing demand with several EGR products for both passenger cars and commercial diesel vehicles," said Brady Ericson, 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 Europe, where Euro 6 emissions regulations take effect in 2014."

The construction of its new plant in Portugal 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.

About BorgWarner 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

(Photo: )

BorgWarner plans to build a new, larger production facility in Portugal 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,866.17 +75.98 0.45%
S&P 500 1,990.02 +10.10 0.51%
NASDAQ 4,772.6450 +24.2840 0.51%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs