TI Automotive Wins $118 Million In New Business

WARREN, Mich., July 6 /PRNewswire/ -- TI Automotive has been awarded contracts by three major automakers and an automotive supplier to produce brake- and fuel-line components and assemblies, as well as air-bag tubes for more than seven new-model vehicles.

Combined lifetime sales for the new contracts from DaimlerChrysler, General Motors, Ford and TRW total more than $118.2 million. Production at TI Automotive facilities in North America, China and South Korea already has started on several projects, while others are slated to begin this fall and later in 2007.

The new business awarded to TI Automotive includes production of brake- jounce lines at the company's De Los Nogales plant in Reynosa, Mexico. TI Automotive's plant in Ossian, Ill., as well as facilities in Mexico, China and South Korea will produce various brake- and fuel-line components and assemblies. The De Los Nogales plant also will supply air-bag tubes.

"The new contracts represent a combination of new and replacement business and are important 'wins' for our global fuel-systems and fluid-carrying product teams," said Rich Kolpasky, president of TI Automotive's Global Fluid Carrying Systems Group. "They further strengthen our position as the industry's leading supplier of fluid storage, transfer and delivery systems."

TI Automotive is the world's leading supplier of fluid storage, transfer and delivery systems, including brake, fuel and air-conditioning applications. With headquarter locations in Warren, Mich., and Oxford, England, the company employs more than 20,000 people at more than 130 facilities in 28 countries on six continents. Annual sales in 2005 totaled approximately $2.3 billion.

Further information is available on the Internet at http://www.tiautomotive.com .

Web site: http://www.tiautomotive.com/




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