(Stockholm, June 19, 2006) ---Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety systems, has been awarded a seatbelt contract which is 40% bigger than any seatbelt order ever that the company has received.
The new contract is expected to generate revenues of approximately $600 million over the life of the contract.
The new business award is a global contract from one of the world’s leading vehicle manufacturers. The contract involves several different models. Shipments to the first model will start in the fall of 2008 and then be ramped up to several different models by 2010. Shipments will cease gradually and end completely in 2015.
The seatbelt systems will have both pretensioners that tighten the seatbelt at the onset of the crash and load limiters that reduce the risk for bruises and rib fractures in very violent crashes. The products will be manufactured by Autoliv’s plants in China, Romania, Poland, Hungary and Mexico.
Inquiries:
Mats Ödman, VP Corporate Communications, Autoliv Inc., Tel +46-(0)708-32-09-33 (mob) |
