Shanghai, November 9, 2007 - Federal-Mogul Corporation (OTC BB: FDMLQ) yesterday broke ground on a 9,000 square meter, $20 million state-of-the-art technical center and headquarters in Shanghai, China. The technical center will be the eighth Federal-Mogul facility in China. The new facility will open in January 2009.
Federal-Mogul is a world-class automotive supplier serving the foremost original equipment manufacturers and the aftermarket industry. This new facility will be one of Federal-Mogul's 17 globally-networked engineering and technical centers, enabling the Company to create value for its customers through innovative technology that achieve product leadership at a competitive cost.
"We are very pleased to begin construction on this state-of-the-art technical facility,” said Steve Hanley, vice president, Federal-Mogul Asia Pacific Operations. “We expect China, one of the world's most dynamic and growing economies, to play a key role in our strategy to drive global profitable growth for Federal-Mogul and for our customers.”
The technical center will house state-of-the-art testing and dynamometers, test cells, fuel storage as well as laboratory and test facilities. The high-technology equipment will also incorporate significant environmental features.
About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier, serving the world's foremost original equipment manufacturers of automotive, light commercial, heavy-duty, agricultural, marine, rail, off-road and industrial vehicles, as well as the worldwide aftermarket. The Company's leading technology and innovation, lean manufacturing expertise, as well as marketing and distribution deliver world-class products, brands and services with quality excellence at a competitive cost.
Federal-Mogul is focused on its global profitable growth strategy, creating value and satisfaction for its customers, employees and stakeholders. Federal-Mogul was founded in Detroit in 1899. The Company is headquartered in Southfield, Michigan, and employs 45,000 people in 35 countries.
