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Wednesday, September 15, 2004
(BUSINESS WIRE)--Sept. 8, 2004--DURA Automotive Systems, Inc. (Nasdaq:DRRA), today announced plans to open a manufacturing plant in Timisoara, Romania. The facility will produce a broad range of automotive components for automakers in Central and Eastern Europe. Groundbreaking will begin this month, with production to start in 2005.
"This is another step forward in enhancing our multi-geographic-flexibility to support our customers wherever they are in the world," said Larry Denton, president and chief executive officer of DURA Automotive. "Opening a facility in Romania is a continuation of our growth strategy with automakers expanding operations throughout Eastern Europe."
The initial 50,000-square-foot Timisoara facility is the first phase of a four-phase plan that will be supported by new business contracts to produce automotive driver control systems and body and glass systems. This will be the fifth DURA plant based in Central/Eastern Europe; DURA currently has three operations in the Czech Republic and a fourth facility in Slovakia.
Automakers with current or announced manufacturing operations in the Central/Eastern Europe region include Avtovaz, BMW, Dacia, Daewoo, DaimlerChrysler, Fiat Group, Ford, General Motors, Honda, Hyundai, PSA, Renault-Nissan, Subaru, Suzuki, Toyota and Volkswagen.
About DURA Automotive Systems, Inc.
DURA Automotive Systems, Inc., is the world's largest independent designer and manufacturer of driver control systems and a leading global supplier of seating control systems, engineered assemblies, structural door modules and integrated glass systems for the global automotive industry. The company is also a leading supplier of similar products to the North American recreation and specialty vehicle markets. DURA sells its automotive products to every North American, Japanese and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.
Posted by Mihai : 9/15/2004 04:18:00 pm
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