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Visteon, Halla to Start Production in Turkey
March 8, 2006
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DEARBORN, MI and GEBZE, Turkey -- Visteon has launched production of automotive climate control components and systems in Turkey, as the company continues to diversify its manufacturing presence in Europe's growing automotive market. The new facility is operated by Visteon's Korean affiliate Halla Climate Control Corporation (HCC). Visteon owns 70 percent of the equity shares of HCC, which is listed on the Korea stock exchange.

The plant, located in Gebze, manufactures and assembles heating, ventilation and air-conditioning (HVAC) units and cooling modules for the sub- compact Hyundai Accent. The Accent is produced by Hyundai's Turkish manufacturing operations in Izmit.

The new Visteon/Halla Climate Control plant will initially employ approximately 150 people. It is expected to run at full production capacity by October. Visteon plans to increase the production capacity in Turkey and is currently evaluating additional business opportunities.

"Turkey is developing into a hot emerging market, offering a high level of manufacturing quality," said Heinz Pfannschmidt, Visteon executive vice president and president, Europe and South America Customer Group. "Expanding into Turkey allows us to better support our global customers and continue to grow our already strong global manufacturing footprint."

For more information about Visteon, go to: www.visteon.com .

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