| DURA Automotive Systems has announced plans
to open a manufacturing plant in Timisoara, Romania. The facility will
produce a broad range of automotive components for carmakers 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.
Carmakers 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.
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