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| Autoliv Expands Seat Belt Facilty in Romania |
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| | (Stockholm, Aug. 10, 2004) --- The worldwide leader in automotive safety systems, Autoliv Inc. (NYSE:ALV), has decided to double the manufacturing capacity of its seat belt facility in Romania.
Autoliv Romania was established in July 1997 in Brasov with the initial purpose to serve local Romanian customers as Dacia/Renault and Daewoo. Today, Autoliv Romania has 240 employees and delivers seat belts to both Romanian and West European car producers.
The facility extention will be 9,500 square meters, with a total investment of nearly US $5 million.
This investment is an important step in Autoliv strategy to move production to low-labor-cost countries.
In recent years, Autoliv Romania has been certified according to the quality standard ISO TS 16949 and the environmental standard ISO 14001.
Inquiries :
Lars Westerberg, President & CEO, Autoliv Inc., Tel +46-8-587 20 600
Rolf Henke, President Seat Belt Operations Europe, Tel +49-4121-797- 0 |
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