Autoliv Expands in China Increases by 50% its capacity for safety electronics
(Stockholm, December 9, 2010) --- In response to the rapid growth in Asian vehicle production, Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – has started up a building extension of its Shanghai manufacturing plant for safety electronics systems and components. The 4.000 square meters (43.000 Sq feet) area extension will allow Autoliv to increase its manufacturing capacity for electronics by 50% in China and by 15% globally.
As a result of the expansion, Autoliv will have an annual production capacity in China of more than 5 million electronic control units (ECUs) for airbag systems and of 10 million crash sensor units. Some of the Chinese production capacity will be used for Autoliv’s global customers with export to other countries.
The cost for the expansion will be approximately 13 million dollars. Upon the completion of the extension, Autoliv’s highly automated plant for electronics will have 600 employees.
In total, Autoliv has six facilities for electronics (in Canada, China, France, Sweden and two in the United States). They manufacture and develop mainly ECUs for airbag systems, crash sensors, radar and night vision systems.
Autoliv is one of the global leaders in restraint control electronics, radar systems, vision systems and night vision systems.
Currently, Autoliv has 12% of its sales and personnel in China, an increase from 10% in 2009 and 4% in 2007.
Inquiries:
Jan Carlson, President & CEO, Autoliv Inc. Tel. +46-8-587 20 600
Thierry Masson, President Autoliv Electronics Asia Tel. +86-21-671 06 840
About Autoliv
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 nearly 43,000 employees in 28 vehicle-producing countries. In addition, the Company has technical centers in eleven countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2010 are expected to grow to by approximately 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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