AUBURN HILLS, Mich., Sept. 26, 2013 /PRNewswire/ -- Driven by growing demand for BorgWarner's fuel-efficient technologies in Europe, the company has expanded its campus in the Podkarpackie Science and Technology Park in Rzeszow, Poland, with a new production plant and engineering center. The grand opening took place on September 26, 2013. The 78,500-square-foot (7,300-square-meter) production plant produces advanced chain-driven engine timing systems, including variable cam timing technologies, and provides expanded capacity for transmission components. Covering more than 72,000 square feet (6,700 square meters), the technical center provides capabilities for application engineering and research and development to create new technologies designed to improve fuel economy and reduce emissions while enhancing performance. Production for several major European car manufacturers began recently.
"Our continued investments in Poland strengthen BorgWarner's market position throughout Europe," said James R. Verrier, President and Chief Executive Officer, BorgWarner. "The demand for our fuel-efficient technologies is likely to increase within the next few years, especially in Europe where Euro 6 emissions regulations take effect in 2014. The infrastructure of the Rzeszow area gives us the opportunity to meet growing customer demand through localized production."
The new plant is BorgWarner's second manufacturing facility in Europe producing advanced chain-driven engine timing systems. The plant also manufactures transmission components, expanding capacity in Europe.The new technical center provides application engineering and design, simulation, testing and validation as well as material labs and vehicle workshops. By establishing a technical center within its campus in Poland, BorgWarner is broadening its engineering and research and development capabilities within Europe. Since 2009, BorgWarner has been producing turbochargers for gasoline and diesel engines at its plant in Poland where its central location and excellent transportation infrastructure enable BorgWarner to serve European customers locally. The certified green building was the first production site in Poland to receive an LEED (Leadership in Energy and Environmental Design) certificate. Special materials used to build the roof and walls significantly reduce the facility's energy consumption. The building offers 23 percent better energy efficiency and uses 32 percent less water than established LEED standards. 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 borgwarner.com. 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV