American Axle & Manufacturing Announces Construction of a New Manufacturing Facility in Thailand
14 Febbraio 2008 - 2:30PM
PR Newswire (US)
DETROIT, Feb. 14 /PRNewswire-FirstCall/ -- American Axle &
Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the
NYSE, today announced plans to establish a new manufacturing
facility in Thailand, near the city of Rayong, located southeast of
Bangkok. AAM has acquired approximately 21 acres in an industrial
park in the Rayong Province for the construction a 90,000
square-foot, state-of-the-art, wholly-owned regional manufacturing
plant for its highly engineered driveline products. It is
anticipated that the groundbreaking for this facility will occur in
late spring of 2008, with preliminary production planned for 2009.
Joseph S. Tang has been appointed plant manager to oversee the
construction, build the organization, and be responsible for the
future operation of the facility. "Our new facility in Thailand
represents a significant expansion of our manufacturing footprint
in the important economy of Asia where growing demand for vehicles
is accelerating production volumes," says AAM Co-Founder, Chairman
& CEO Richard E. Dauch. "AAM is continuing to invest in
products and markets where we can best serve our customers and have
the opportunity to drive profitable growth." The manufacturing
facility will be located in the Hemaraj Eastern Seaboard Industrial
Estate that is locally recognized as "Detroit of the East" for its
heavy population of automotive OEMs and suppliers. The location is
strategically located in proximity to key seaports and will provide
excellent geographic access to vehicle manufacturers throughout the
region. AAM's current Asia operations include a manufacturing
facility in Changshu, China along with business and engineering
offices in Tokyo, Japan; Shanghai, China; Pune, India; and Seoul,
South Korea. AAM is a world leader in the manufacture, engineering,
design and validation of driveline and drivetrain systems and
related components and modules, chassis systems and metal-formed
products for trucks, sport utility vehicles, passenger cars and
crossover utility vehicles. In addition to locations in the United
States (Michigan, New York, Ohio and Indiana), AAM also has offices
or facilities in Brazil, China, Germany, India, Japan, Luxembourg,
Mexico, Poland, South Korea and the United Kingdom. Certain
statements contained in this press release which are not historical
facts contain forward-looking information with respect to the
Company's plans, projections or future performance, the occurrence
of which involves risk and uncertainties that could cause the
Company's actual results or plans to differ materially from those
expected by the Company which include risk factors described in the
Company's filings with the Securities and Exchange Commission. For
more information... Renee B. Rogers Jamie M. Little Manager,
Corporate Communications and Director, Investor Relations Media
Relations (313) 758-4831 (313) 758-4882 Or visit the AAM website at
http://www.aam.com/ DATASOURCE: American Axle & Manufacturing
Holdings, Inc. CONTACT: Renee B. Rogers, Manager, Corporate
Communications and Media Relations, +1-313-758-4882, , or Jamie M.
Little, Director, Investor Relations, +1-313-758-4831, , both of
American Axle & Manufacturing Holdings, Inc. Web site:
http://www.aam.com/ Company News On-Call:
http://www.prnewswire.com/comp/033813.html
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