BorgWarner Celebrates Production of 70 Million Starters in South Korea

-Changnyeong, South Korea plant celebrates production milestone

-Facility manufactured products for 43 global OEMs spanning 21 countries in 22 years

-Steady growth of production in Changnyeong since 1997

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Oct 01, 2019, 08:15 ET

AUBURN HILLS, Mich., Oct. 1, 2019 /PRNewswire/ -- BorgWarner passed a major production milestone at its manufacturing facility in Changnyeong, South Korea, completing production of its 70 million^th starter on Aug. 1, 2019. To celebrate this remarkable record, all employees came together for a one-day event after it was achieved. The 70 million^th starter was given to the employee who produced the first product ever in the Korean plant.

BorgWarner plant in Changnyeong, South Korea, celebrates production milestone of 70 million starters.

"We at BorgWarner are proud to achieve this goal as it shows the success of our starter technology. We combine state-of-the-art technology and extensive engineering expertise with local production for our customers," said Dr. Stefan Demmerle, President and General Manager, BorgWarner PowerDrive Systems. "We would like to thank our employees in Changnyeong. Without their dedication and the excellent work they have done during the past 22 years, this would not have been possible. Their commitment should enable us to reach the 100 million mark by 2029."

BorgWarner's plant in Changnyeong began producing starters in December 1997. By providing global OEMs with its advanced and highly efficient products, the business grew rapidly and a first milestone was reached in May 2002, when 10 million starters were manufactured. Up until now the plant has served a total of 43 OEMs across 21 countries.

The company's starting motor products are characterized by their robust drive system and ability to withstand the most extreme thermal conditions imaginable. Long life and Change of Mind for stop/start applications allow better fuel economy and CO₂reductions. BorgWarner delivers its high performing starter product line for light vehicle as well as commercial vehicles.

About BorgWarner

BorgWarner Inc. (NYSE: BWA) is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. With manufacturing and technical facilities in 67 locations in 19 countries, the company employs approximately 30,000 worldwide. For more information, please visit borgwarner.com.

Statements in this press release may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management's current outlook, expectations, estimates and projections. Words such as "anticipates," "believes," "continues," "could," "designed," "effect," "estimates," "evaluates," "expects," "forecasts," "goal," "initiative," "intends," "outlook," "plans," "potential," "project," "pursue," "seek," "should," "target," "when," "would," variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. These risks and uncertainties, among others, include: our dependence on automotive and truck production, both of which are highly cyclical; our reliance on major OEM customers; commodities availability and pricing; supply disruptions; fluctuations in interest rates and foreign currency exchange rates; availability of credit; our dependence on key management; our dependence on information systems; the uncertainty of the global economic environment; the outcome of existing or any future legal proceedings, including litigation with respect to various claims; and future changes in laws and regulations, including by way of example, tariffs, in the countries in which we operate, as well as other risks noted in reports that we file with the Securities and Exchange Commission, including the Risk Factors identified in our most recently filed Annual Report on Form 10-K/A. We do not undertake any obligation to update or announce publicly any updates to or revision to any of the forward-looking statements.

SOURCE BorgWarner