TRW's European Aftermarket Disc Production Tops Seven Million
October 14 2005 - 11:38AM
PR Newswire (US)
PARIS, Oct. 14 /PRNewswire-FirstCall/ -- Equip Auto -- TRW
Automotive's Czech aftermarket business, LucasVarity s.r.o., today
announced the production of its seven millionth brake disc in
Frydlant, Czech Republic, since the plant's opening in 1999. The
announcement was made at Equip Auto, the major European aftermarket
trade show in Paris, France. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO ) In recent
years, TRW has invested in the development, testing and
manufacturing of solid and ventilated brake discs for the European
aftermarket. Through this investment, TRW has solidified its
market-leading position and is able to offer customers the widest
range of part numbers in its disc range -- increasing overall parc
coverage to more than 96 per cent. Francois Augnet, director and
general manager of TRW Automotive Aftermarket Europe, said: "TRW is
unique in the marketplace with manufacturing facilities in Europe
dedicated specifically for the aftermarket. Supporting the growth
of our in-house disc manufacturing facility is a strategic
priority. Frydlant is well positioned in the heart of Europe to
serve all our markets. "We're continuously looking at how we can
improve our brake disc programme to support our customers. For
example, due to customer demands for improved braking performance
and reduced NVH (noise vibration harshness), TRW has introduced
high carbon discs as a standard on a specific range of part numbers
that require this specification, providing enhanced product
quality." Other improvements include the recent introduction of
fixing screws packaged with discs, making life easier for customers
as screws are frequently damaged while changing the disc.
Additionally, following the latest research, TRW has introduced a
new dipping process in disc production, which in addition to
improving rust protection, ensures that the finished disc is less
greasy to handle for the mechanic. Augnet added: "At TRW, we
constantly strive to develop our brake discs so that we deliver the
best quality and have the most up-to-date range available. Our
investment in disc production in Europe clearly shows our
commitment to this market, giving our customers a product and
service on which they can rely." About TRW Automotive Aftermarket
TRW Automotive Aftermarket is a leading provider of high quality
replacement parts, service and technical support to both the
independent aftermarket (IAM) and the vehicle manufacturer service
(VMS) channels. Combining the original equipment (OE) strengths of
the market leading TRW/Lucas branded braking programme and the TRW
branded steering and suspension range, the business leads Europe in
chassis systems for the aftermarket. TRW Automotive Aftermarket is
a part of TRW Automotive. About TRW With 2004 sales of $12.0
billion, TRW Automotive ranks among the world's leading automotive
suppliers. Headquartered in Livonia, Michigan, USA, the Company,
through its subsidiaries, employs approximately 60,000 people in 24
countries. 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 http://www.trwauto.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 the TRW
Automotive Holdings Corp. Report on Form 10-K for the fiscal year
ended December 31, 2004 (the "10-K"), and our Reports on Form 10-Q
for the quarters ended April 1 and July 1, 2005 and include:
possible production cuts by our customers; escalating pricing
pressures from our customers; severe inflationary pressures
impacting the markets for ferrous metals and other commodities;
non-performance by, or insolvency of, our suppliers and customers;
our substantial leverage; interest rate risk arising from our
variable rate indebtedness; the highly competitive automotive parts
industry and its cyclicality; product liability and warranty and
recall claims; our dependence on our largest customers; loss of
market share by domestic vehicle manufacturers; limitations on
flexibility in operating our business contained in our debt
agreements; fluctuations in foreign exchange rates; the possibility
that our owners' interests will conflict with ours; work stoppages
or other labor issues 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.
http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO
http://photoarchive.ap.org/ DATASOURCE: TRW Automotive Holdings
Corp. CONTACT: Lynette Jackson/TRW Automotive (Europe),
+44.121.506.5315; Louise Colledge/TRW Automotive Aftermarket,
+44.121.506.5440; or John Wilkerson/TRW Automotive/North America,
+1-734-855-3864 Web site: http://www.trwauto.com/
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