BorgWarner has broken ground for a new factory in Ningbo, China, where it will assemble engine products for VW/Audi's gasoline 4-cylinder world engine. The state-of-the-art facility will be the first of several operations planned for BorgWarner's campus in the Ningbo Yinzhou industrial zone, all of which will be part of BorgWarner Automotive Components (Ningbo) Co., Ltd., the company's newly established wholly foreign-owned enterprise. The building is expected to be completed in May 2005.
BorgWarner Chairman and Chief Executive Officer Tim Manganello says the facility will eventually support production of engine and drivetrain systems and components for several local Chinese automakers.
"The importance of fuel economy and air quality is increasing, as more automakers adopt European emissions standards and need the advanced powertrain technologies required to meet them," he notes. "Growth opportunities in China, Asia and elsewhere are continuing to multiply in these key areas.”
BorgWarner recently announced $1.4 billion in expected new business between 2005-07, 20 percent of which is expected in Asia. The company expects that Asia will account for 14 percent of its global sales by 2006, driven by customer needs in fuel efficiency, emissions reduction, vehicle stability and demand for advanced technology.