FREMONT, OH -- TRW Automotive's Kelsey-Hayes subsidiary announced late yesterday plans to close its Kingsway manufacturing facility by December 2006. Located in Fremont, Ohio, the Kingsway facility has 270 employees and machines brake rotors for the automotive industry. Plans are to consolidate Kingsway plant operations into other existing company facilities in North and South America.

"We do not currently have the volume of business to support Kingsway's manufacturing capacity, and pricing and competitive pressures have compounded the situation," said Ron Muckley, vice president of operations for TRW's braking and suspension business in North America. "With the pressures on the industry, difficult decisions must be made to decrease excess capacity and reduce costs," Muckley explained.

Company officials met yesterday with employees to announce the planned closure and said it intends to help prepare them for future employment and provide assistance during the transition.

For more information about TRW Automotive, go to: www.trwauto.com.

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