AAM Breaks Ground for its Changshu Gear & Axle Manufacturing Facility in China
28 Marzo 2006 - 9:30AM
PR Newswire (US)
CHANGSHU, China, March 28 /PRNewswire-FirstCall/ -- AAM (American
Axle & Manufacturing Holdings, Inc. - NYSE: AXL) today broke
ground for its Changshu Gear & Axle facility in Jiangsu
Province, China. AAM has acquired land-use rights for approximately
30 acres in an industrial park in the city of Changshu for the
construction of a 180,000 square-foot, state-of-the-art, wholly
owned manufacturing plant for its highly engineered driveline
systems. Products scheduled for manufacture in the facility include
independent rear drive axles (IRDA), power transfer units (PTU),
integrated oil pan (IOP) front axle module and driveshafts for
several customers, including SsangYong Motors, Beijing Benz
DaimlerChrysler, General Motors and additional OEMs. When fully
operational, the facility will create approximately 350 engineering
and manufacturing positions. William A. Smith has been appointed
plant manager to oversee construction, build the organization, and
be responsible for the future operation and launch of the products
for AAM's customer base. "We are extremely pleased to celebrate the
ground breaking for AAM's first regional manufacturing operation
here in Changshu, China," said AAM Executive Vice President,
Worldwide Manufacturing Richard F. (Rick) Dauch. "China and Asia
represent a large and growing market that we intend to serve with
AAM's latest technology products, processes and systems." 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 forged products for light trucks,
sport utility vehicles and passenger cars. In addition to its
locations in the United States (in Michigan, New York and Ohio),
AAM also has offices or facilities in Brazil, China, England,
Germany, India, Japan, Mexico, Scotland and South Korea. 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. Or
visit the AAM website at http://www.aam.com/ DATASOURCE: American
Axle & Manufacturing Holdings, Inc. CONTACT: Carrie L.P. Gray,
Director, Corporate Relations, +1-313-758-4880, , or Christopher M.
Son, Director, Investor Relations, +1-313-758-4814, , 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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