) has recently announced the opening of a production plant at the
Ningbo campus, China. The new plant is expected to cater to the
rising demand for fuel-efficient systems and technologies in the
rapidly growing Chinese automotive market.
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Together with the new plant, BorgWarner also inaugurated the
Engineering Center at Ningbo, which will be offering research and
development, applications engineering and management support. The
recent expansion of operations will strengthen BorgWarner's
position as a leading supplier of advanced powertrain solutions
in the rapidly growing Asian markets.
The new plant encompasses 177,000 square feet of space. Morse TEC
silent chains, roller chains, VCT technologies and engine timing
systems will be produced in the plant for the major Chinese joint
ventures and domestic vehicle manufacturers. This will also
support the production and launch of about 50 programs by the
The Ningbo Engineering Center, spanning across 107,000 square
feet, will expand the global network of technical centers and
improve the company's capability in introducing new technologies.
BorgWarner started its operation in Shanghai in 1993. It opened
the campus at Ningbo in 2006 and expanded the campus later in
2008 with local production of fans and fan drives, which will
reduce energy costs by 30% to 60%. The company plans further
expansion in the Chinese market with its technologies to improve
fuel efficiency, reduce emissions and boost vehicle performance.
BorgWarner is a leading manufacturer of powertrain products for
the world's major automakers. The company operates in 57
locations in 19 countries, providing products that are capable of
improving vehicle performance and stability along with fuel
efficiency and emission levels.
These products are manufactured and sold worldwide, primarily to
original equipment manufacturers of passenger cars, SUVs, trucks
and commercial transportation products. The company's largest
Ford Motor Co.
oyota Motor Corp.
Honda Motor Co.
Currently, BorgWarner retains a Zacks #3 Rank, which translates
into a short-term (1 to 3 months) Hold rating. We have a
long-term (more than 6 months) Neutral recommendation on the