Release time : 2015-06-15 12:20:07
Federal-Mogul Corporation on Thursday announced it is planning to build a new facility in Chennai, India, for the manufacture of friction components for Original Equipment and Aftermarket segments. The operation is scheduled to begin production of light vehicle brake and friction components, commercial vehicle and railway friction products by September 2009.
Federal-Mogul currently manufactures products at six operations in India, including pistons, rings, liners, bearings, ignition and sintered products for both OE and Aftermarket customers.
The locations are in Bangalore, Bhiwadi (2), Khandsa, Parwanoo and Patiala. Federal-Mogul Ferodo friction products have been manufactured in India since 1995, although the new friction facility will be the first in the Chennai region.
Federal-Mogul wholly-owned subsidiary in India recently signed a memorandum of understanding with New Chennai Township Pvt. Ltd., a subsidiary of MARG Ltd., a major Indian development company to buy 10 acres of land on which it will build the 6,000-square-meter facility. The plant will be built in three phases and will eventually total 15,000 square meters and create approximately 500 jobs.
This new greenfield facility is another example of Federal-Mogul commitment to grow its manufacturing footprint in India, said Federal-Mogul President and Chief Executive Officer Jos Maria Alapont. Products manufactured at the new facility will be for both local vehicle manufacturers and for export Miniature Bearings to the global automotive market.
We are the leader in supplying Ferodo brand vehicle brake friction components and we continue to experience excellent opportunities for global growth. We are pleased to expand our presence in India, one of the world? Most exciting and dynamic economies. This new facility in Chennai is an investment to deepen and diversify our presence in India in support of market growth, and further demonstrates our commitment to our sustainable global profitable growth strategy, Alapont continued.
Federal-Mogul Vehicle Safety and Protection
Federal-Mogul supplies systems protection products such as Water Pump Bearings and is one of the world largest suppliers of friction materials. Both the systems protection products and the friction products are used in the automotive, heavy-duty, motorcycle, railway and consumer products markets. The primary products include brake disc pads, brake shoes, brake linings and blocks. Federal-Mogul offers a portfolio of world-class brand names, including Abex, Beral, Ferodo, ThermoQuiet and Wagner. Federal-Mogul supplies friction and systems protection products to all major customers in the light vehicle, commercial vehicle and railway sectors and is also a leading company in the aftermarket.