SOUTHFIELD, Mich., Aug. 7 /PRNewswire-FirstCall/ -- Federal-Mogul
Corporation (Nasdaq: FDML) today announced it is planning to build a new
facility in Chennai, India, for the manufacture of friction components for
Original Equipment and Aftermarket segments. The operation is scheduled to
begin production of light vehicle brake and friction components, commercial
vehicle and railway friction products by September 2009.
Federal-Mogul currently manufactures products at six operations in India,
including pistons, rings, liners, bearings, ignition and sintered products for
both OE and Aftermarket customers. The locations are in Bangalore, Bhiwadi
(2), Khandsa, Parwanoo and Patiala. Federal-Mogul's Ferodo(R) friction
products have been manufactured in India since 1995, although the new friction
facility will be the first in the Chennai region.
Federal-Mogul's wholly-owned subsidiary in India recently signed a
memorandum of understanding with New Chennai Township Pvt. Ltd., a subsidiary
of MARG Ltd., a major Indian development company to buy 10 acres of land on
which it will build the 6,000-square-meter facility. The plant will be built
in three phases and will eventually total 15,000 square meters and create
approximately 500 jobs.
'This new greenfield facility is another example of Federal-Mogul's
commitment to grow its manufacturing footprint in India,' said Federal-Mogul
President and Chief Executive Officer Jose Maria Alapont. 'Products
manufactured at the new facility will be for both local vehicle manufacturers
and for export to the global automotive market.'
'We are the leader in supplying Ferodo brand vehicle brake friction
components and we continue to experience excellent opportunities for global
growth. We are pleased to expand our presence in India, one of the world's
most exciting and dynamic economies. This new facility in Chennai is an
investment to deepen and diversify our presence in India in support of market
growth, and further demonstrates our commitment to our sustainable global
profitable growth strategy,' Alapont continued.
Federal-Mogul Vehicle Safety and Protection
Federal-Mogul supplies systems protection products and is one of the
world's largest suppliers of friction materials. Both the systems protection
products and the friction products are used in the automotive, heavy-duty,
motorcycle, railway and consumer products markets. The primary products
include brake disc pads, brake shoes, brake linings and blocks. Federal-Mogul
offers a portfolio of world-class brand names, including Abex(R), Beral(R),
Ferodo(R), ThermoQuiet(R) and Wagner(R). Federal-Mogul supplies friction and
systems protection products to all major customers in the light vehicle,
commercial vehicle and railway sectors and is also a leading company in the
aftermarket.
About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier of powertrain and
safety technologies, serving the world's foremost original equipment
manufacturers of automotive, light commercial, heavy-duty, industrial,
agricultural, marine, rail, off-road and industrial vehicles, as well as the
worldwide aftermarket. The company's leading technology and innovation, lean
manufacturing expertise, as well as marketing and distribution deliver world-
class products, brands and services with quality excellence at a competitive
cost. Federal-Mogul is focused on its sustainable global profitable growth
strategy, creating value and satisfaction for its customers, shareholders and
employees. Federal-Mogul was founded in Detroit in 1899. The company is
headquartered in Southfield, Michigan, and employs 50,000 people in 35
countries. Visit the company's Web site at www.federalmogul.com .
CONTACT: Paula Silver - 248-354-4530
Jennifer Rass - 248-354-7502
* Please note accent over 'e' in Jose Maria Alapont
SOURCE Federal-Mogul Corporation
