Autoliv Expands Airbag Capacity New Airbag Cushion Plant in Thailand
(Stockholm, 31 May, 2011) – – – To support the rapid growth in vehicle production and airbag fitment rates in Asia, Autoliv Inc. – the global leader in automotive safety systems – has begun the construction of an airbag cushion manufacturing plant in Chonburi, near Bangkok. Autoliv’s existing airbag cushion plant in Thailand opened just two years ago.
The new facility will have capacity to produce 4.6 million cushions corresponding to 15% of Autoliv’s global manufacturing capacity for “cut & sewn” textile cushions for airbag systems. Autoliv also produces 20 million highly automated “one-piece-woven” airbag cushions annually.
The new facility in Thailand will occupy 8,000m2 and employ 800 people – compared to 2,000m2 and 270 employees for the existing plant.
The total investment cost is USD 9.4 million, not including the building which will be leased. The new facility will be located 10 kilometers from Autoliv’s current seatbelt facility in Thailand. Initial production will start in July this year.
The new plant, together with Autoliv’s facility in China, will enable Autoliv to produce 50% of its cut and sewn cushions in-house for the Asian markets.
The plant, constructed on 30,000m2 of land, has the potential to be expanded by 6,000m2 to a total capacity in excess of 10 million cushions if required to support the increasing demand for Autoliv’s products.
“This is a critical expansion to ensure that we have enough components for the rapidly growing demand in Asia for our safety products”, explained Jan Carlson, President and CEO of Autoliv Inc.
“Light vehicle production in Thailand is expected to grow by 75% between 2010 and 2015. In addition, we have strong export sales to other Asian markets, underpinned by a burgeoning safety awareness among Asian vehicle buyers”, Mr. Carlson added.
Jan Carlson, President and CEO, Autoliv Inc. Tel +46-8-587 20 600
Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with 46,000 employees in 29 countries. In addition, the Company has ten technical centers in nine countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2010 grew to by 40% to nearly US $7.2 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com
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