28th April 2017
• Flexible manufacturing line for high-volume production of advanced heating products
• Meets growing demand for electric vehicle solutions with advanced manufacturing processes and test equipment
• Improves the facility’s environmental footprint through building upgrades
As a leading supplier of advanced hybrid and electric vehicle (EV) technologies, BorgWarner further extends its production capabilities in Tralee, Ireland, with a major investment. At an event today with the Minister for Jobs, Enterprise and Innovation, Mary Mitchell O’Connor TD, the CEO of IDA Ireland, Martin Shanahan, Seán Kelly, MEP, and the mayor of Tralee, Terry O’Brien, the company announced a €10 million investment in capital equipment and a €1.5 million investment in facility renovations to expand the plant’s engineering and testing capabilities, create new jobs and improve the facility’s environmental footprint.
Beginning in 2017, BorgWarner plans to add a flexible manufacturing line for the high-volume production of high-voltage positive temperature coefficient (PTC) cabin heaters in order to meet the growing demand for thermal management solutions that add to extended battery-powered driving range of hybrid and electric vehicles. With the support of the Department of Jobs, Enterprise and Innovation through IDA Ireland, up to 50 new jobs could be created.
Welcoming the announcement, Mary Mitchell O'Connor said: “This is great news for Tralee. BorgWarner is a world-class company at the cutting edge of technologies for electric vehicles and this new investment represents key wins for the government's job creation policies. Expanding the manufacturing sector generally is a key priority for us and these quality jobs and projects in high-potential business sectors are exactly the type we are vigorously pursuing.”
“In Tralee, BorgWarner continues to provide high-value employment opportunities in this regional location and has done so for over 30 years,” said Martin Shanahan. “The contribution the company makes to the local economy is highly significant. This investment marks an important milestone in our long-standing and mutually beneficial partnership.”
In addition to expanding manufacturing and test capabilities as well as the facility’s office and warehouse space, the investment will add highly sophisticated assembly and test equipment. “As the trend towards hybrid and electric propulsion continues, we expect demand for our efficient, high-voltage cabin heating solutions to grow. By further expanding our EV capabilities, we are able to continue supporting our customers as they look to rapidly expand their EV product portfolio,” said Joe Fadool, President and General Manager, BorgWarner Emissions & Thermal Systems. “We are pleased to expand our succesful collaboration with the IDA here in Ireland and strengthen our product leadership in advanced thermal management solutions with the investment in this strategically important location.”
As a global product leader in clean, energy efficient propulsion systems solutions for combustion, hybrid and electric vehicles, BorgWarner always aims at reducing the enviromental impact of its facilities around the world. The Tralee facility focused on products for advanced hybrid and electric vehicles extends its commitment to the environment with facility investments targeted at energy independence and zero landfill waste. Recent examples include investments in highly efficient heat pump systems, which reduce the facility’s fuel oil consumption by 80 percent as well as improved LED lighting and building insulation.
BorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. With manufacturing and technical facilities in 62 locations in 17 countries, the company employs approximately 27,000 worldwide. For more information, please visit borgwarner.com.
With its investment in a new, flexible manufacturing line for the high-volume production of BorgWarner’s cabin heater technology, the company expects to create new jobs in Ireland and strengthen its product leadership in advanced thermal management solutions for electric vehicles.
Statements contained in this news release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “could,” “designed,” “effect,” “estimates,” “evaluates,”
“expects,” “forecasts,” “goal,” “initiative,” “intends,” “outlook,” “plans,” “potential,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “would,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include: fluctuations in domestic or foreign vehicle production, the continued use by original equipment manufacturers of outside suppliers, fluctuations in
demand for vehicles containing our products, changes in general economic conditions, as well as other risks noted reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.
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