Autoliv Expands in China Constructs new seatbelt plant
(Stockholm, April 1, 2011) --- Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – has started construction of a new factory building in Nanjing that will replace the Company’s existing plant in the city. The first construction phase of the new plant is approximately 50% larger than the existing Nanjing facility. The cost for the new facility, including the site of 66,000 square meters, should be about $10 million.Currently, Autoliv has 800 employees in Nanjing, which will be increased by 200 when the expansion has been completed. The plant produces