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30th March 2006 - Construction Progressing on New PBR Foundry in China

Construction is steadily progressing on the new PBR foundry located in
Dalian, China. This latest facility will compliment the production activities already underway in Dalian through a recently completed manufacturing centre which focuses on the production of brake calipers and Banksia park brakes for local and overseas markets.

The new foundry has a designed capacity of 45,000 tonnes of high quality cast iron products per annum and will initially focus on the production of brake caliper housings, caliper brackets and park brake backplates.  Located in the Dalian Development Zone Liaoning Province in North East China, the new production facilities are well situated with access to international sea and air ports.

Foundry production is planned for commencement in October 2006 and, combined with the existing Dalian manufacturing centre, will play a key role in PBR delivering long term globally competitive brake systems to vehicle manufacturers. Earlier this year contracts were awarded by Shanghai GM for the local production of PBR brake systems which will commence in November 2006.

Source: PBR Press Release