GEBZE, Turkey, March 7 /PRNewswire/ -- Visteon Corporation (NYSE: VC) has launched production of automotive climate control components and systems in Turkey, continuing to diversify its manufacturing presence in Europe's growing automotive market. The new facility is operated by Visteon's Korean affiliate Halla Climate Control Corporation (HCC) - Visteon owns 70 percent of the equity shares of HCC, which is listed on the Korea stock exchange.
The plant, located in Gebze, manufactures and assembles heating, ventilation and air-conditioning (HVAC) units and cooling modules for the sub-compact Hyundai Accent. The Accent is produced by Hyundai's Turkish manufacturing operations in Izmit.
The new Visteon/Halla Climate Control plant initially employs approximately 150 people. It is expected to run at full production capacity by October 2006. Visteon plans to increase the production capacity in Turkey and is currently evaluating additional business opportunities.
"Turkey is developing into a hot emerging market, offering a high level of manufacturing quality," said Heinz Pfannschmidt, Visteon executive vice president and president, Europe and South America Customer Group. "Expanding into Turkey allows us to better support our global customers and continue to grow our already strong global manufacturing footprint."
Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 24 countries and employs approximately 50,000 people.
Contact:
North America
Melissa Andrade
+1-734-710-5546
mandrad7@visteon.com
Germany & Eastern Europe
Britta Lange
+49-2273-595-2667
blange5@visteon.com
Contact: North America, Melissa Andrade, +1-734-710-5546, mandrad7@visteon.com. Germany & Eastern Europe, Britta Lange, +49-2273-595-2667, blange5@visteon.com
