9th
November 2007 - TRW Opens New
Japan Engineering Center to Support Japanese Customers
TRW Automotive Holdings - the global
leader in active and passive safety systems, has opened a new,
custom-designed 5,000 square meter Japan Engineering Center (JEC) in
Yokohama, housing research and development, application engineering and
full product testing capabilities.
The JEC broadens and
consolidates TRW's technical presence in Japan and is designed to
support all local customers for TRW's full safety portfolio. At full
capacity the JEC will house a total of 130 engineers, technicians, sales
and support staff.
The JEC significantly expands the
company's Occupant Safety Systems presence in Japan and houses the new
dynamic crash simulator with full sled testing capability. The facility
will also provide a common location for all four engineering groups
including steering & suspension, braking, occupant safety, and
integrated safety systems and include advanced test equipment for all
product lines.
"We are very excited to officially open
the Japan Engineering Center today," said TRW president and CEO John C.
Plant. "The new center is a reflection of our commitment to the Japanese
market and our ongoing effort to provide the best in advanced safety
systems to Japanese customers, both domestically and around the world."
The new three-story center features full
laboratory and testing facilities for all major TRW product lines, and
also serves as the headquarters for the Japan sales team and the
executive management team.
"TRW Automotive Japan has introduced its
global account management structure to serve Japanese vehicle
manufacturers with the goal of sharpened focus and enhanced service to
the needs of these customers worldwide. To reinforce this effort, our
new engineering center also serves as the overall TRW headquarters,
offering our customers one major contact location for our sales and
engineering teams," said Shinzo Yotsumoto, president of TRW Automotive
Japan. "From our new center we will offer customers a full spectrum of
services to support current product applications and develop new ones
for the Japanese market with better responsiveness by coordinating with
the overseas core engineering teams of TRW globally."
About TRW
With 2006 sales of $13.1 billion, TRW
Automotive ranks among the world's leading automotive suppliers.
Headquartered in Livonia, Michigan, USA, the Company, through its
subsidiaries, operates in 28 countries and employs approximately 63,800.
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.
Forward-Looking Statements
This release contains statements that are
not statements of historical fact, but instead are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All forward-looking statements involve risks and
uncertainties. Our actual results could differ materially from those
contained in forward-looking statements made in this release. Such
risks, uncertainties and other important factors which could cause our
actual results to differ materially from those contained in our
forward-looking statements are set forth in our Report on Form 10-K for
the fiscal year ended December 31, 2006 (the "10-K"), and Report on form
Q for the quarters ended March 30, 2007, June 29 and September 28, 2007,
and include: production cuts or restructuring by our major customers;
work stoppages or other labor issues at the facilities of our customers
or suppliers; non- performance by, or insolvency of, our suppliers and
customers, which may be exacerbated by recent bankruptcies and other
pressures within the automotive industry; the inability of our suppliers
to deliver products at the scheduled rate and disruptions arising in
connection therewith; interest rate risk arising from our variable rate
indebtedness (which constitutes a majority of the company's
indebtedness); loss of market share by domestic vehicle manufacturers;
efforts by our customers to consolidate their supply base; severe
inflationary pressures impacting the market for commodities; escalating
pricing pressures from our customers; our dependence on our largest
customers; fluctuations in foreign exchange rates; our substantial
leverage; product liability and warranty and recall claims and efforts
by customers to alter terms and conditions concerning warranty and
recall participation; limitations on flexibility in operating our
business contained in our debt agreements; the possibility that our
owners' interests will conflict with ours and other risks and
uncertainties set forth under "Risk Factors" in the 10-K and in our
other SEC filings. We do not intend or assume any obligation to update
any of these forward-looking statements.
Source: TRW Automotive Holdings Press
Release