Our new Juarez facility will join a growing roster of worldwide Affinia locations that are assuring our customers of high quality, competitive products.
Ann Arbor, MI (PRWEB) August 8, 2008
As part of its transformation plan, Affinia Group Inc., a global leader in the on- and off-highway replacement parts and services industry, is establishing a brake production and distribution facility in Juarez, Mexico. The new 200,000-square-foot location will be a flexible facility, initially focused on brake shoes and other brake components previously manufactured in the U.S.
The announcement of the new Juarez facility comes in the wake of recent announcements by Affinia to acquire 85 percent of one of the world's largest drum and rotor manufacturing companies located in China and a 50/50 joint venture greenfield friction facility in India. Affinia currently has manufacturing and distribution facilities in the U.S., Canada, China, India, South America and Europe, as well as several other locations in Mexico.
"We are continuing the implementation of our strategic plan for transforming Affinia into a truly global manufacturing and distribution organization," said Terry R. McCormack, President and CEO of Affinia. "Our new Juarez facility will join a growing roster of worldwide Affinia locations that are assuring our customers of high quality, competitive products."
The Juarez facility is located within the America Industries-Kimco Juarez Industrial Park. The 200,000-square-foot building is designed for expansion of up to more than 270,000 square feet if needed. Affinia anticipates beginning production in the fourth quarter of this year with full production capabilities by the second quarter of 2009.
Affinia Group Inc. is a global leader in the on- and off-highway replacement products and services industry. In North America the Affinia family of brands includes WIX® filters, Raybestos®, AIMCO® and BrakePro® brake products, and McQuay-Norris® and Spicer® Chassis parts. South American and European brands include Nakata®, Filtron®, Urba® and Quinton Hazell®. For more information, visit http://www.affiniagroup.com.
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There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this report. Such risks, uncertainties and other important factors include, among others: our substantial leverage; limitations on flexibility in operating our business contained in our debt agreements; pricing and import pressures; the shift in demand from premium to economy products; our dependence on our largest customers; changing distribution channels; increasing costs for manufactured components, raw materials, crude oil and energy prices; our ability to achieve cost savings from our restructuring; increased costs in imported products from China and other low cost sources; the consolidation of distributors; risks associated with our non-U.S. operations; product liability and customer warranty and recall claims; changes to environmental and automotive safety regulations; changes to anti-dumping duty rates; risk of impairment to intangibles and goodwill; risk of successful refinancing if required; non-performance by, or insolvency of, our suppliers or our customers; work stoppages or similar difficulties could significantly disrupt our operations, and other labor disputes; challenges to our intellectual property portfolio; and our exposure to a recession. Additionally, there may be other factors that could cause our actual results to differ materially from the forward-looking statements.
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