Visteon Builds Engineering Expertise in Asia Pacific Region With Purchase of Naldec

30.09.1999, 16:26

Dearborn, Mich. (PROTEXT) - Visteon Automotive Systemscontinues to build an expert portfolio of internationalengineering and production capability with the purchase of NaldecCorporation in Hiroshima, Japan. Naldec engineers and manufactures advanced electronic body andsafety vehicle modules. Acquisition of the corporation allowsVisteon to establish a manufacturing and technical base in Japanthat will be leveraged throughout the Asia Pacific Region. "Visteon is committed to providing vehicle manufacturersthroughout the world with leading edge engineering and designexpertise and the very best modules and systems available," saidCraig Muhlhauser, president, Visteon. "Our purchase of Naldec iscrucial to our ability to effectively do this in the Asia PacificRegion. We are pleased to welcome the Naldec team to Visteon." Visteon purchased 100 percent of Naldec from Mazda MotorCorporation for an undisclosed sum. Currently, the majority ofNaldec's sales are to Mazda. Naldec's manufacturing plant in Hiroshima producesapproximately 4 million air bag, antilock brake, keyless entry,speed control and other electrical modules annually. Thecorporation employs approximately 220 people, including about 70engineers. "Visteon's acquisition of Naldec will allow us to incorporatenew, leading-edge manufacturing processes at all of our globalfacilities -- processes that will better serve our customers,"said Roger Saillant, vice president, Energy TransformationSystems, Visteon. "It allows us to build our relationship withMazda and supports our strategy of winning the business, and theconfidence, of every major vehicle manufacturer in the world." With a global delivery system of more than 125 technical,manufacturing, sales and service facilities located in 21countries, Visteon Automotive Systems is leveraging the talentsof its 77,000 employees to deliver innovative, consumer-drivensystems solutions to its customers. ots Original Text Service:Visteon Automotive Systems Internet: http://www.newsaktuell.deContact: Media Inquiries: Cheryl Eberwein, (USA) 313-248-6321,ceberwei@visteon.com, or Analyst Inquiries: Kent Niederhofer,(USA) 313-390-1467, kniederh@visteon.com, both of VisteonAutomotive Systems Web site: http://media.visteon.com

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