TRW Automotive Holdings Corp. TRW, today announced plans to expand its electrically powered steering systems manufacturing in Poland, in support of growing demand from a range of vehicle manufacturers. Approximately 9,000 square meters of additional manufacturing space will be established in Bielsko Biala close to the existing site in Czechowice-Dziedzice. Production will start in the first quarter of 2012. Initially, 250 new roles will be created.
TRW is Poland's largest tier one automotive supplier employer, with four other plants in Czestochowa, Gliwice and Pruszkow and more than 6,000 employees.
Michael Degen, vice president operations for TRW's European Steering Operations, said: "We have enjoyed growing demand for TRW's Column and Belt Drive Electrically Powered Steering systems. We are expanding production to meet current and future demands for this product. By 2015, we estimate that up to 80 percent of new vehicles will be equipped with pure electric steering.
"EPS technology is meeting vehicle manufacturers' and consumers' desire for fuel efficiency and reduced emissions. TRW's electric steering can deliver fuel economy improvements of up to 4 percent compared to standard hydraulic powered steering systems."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in