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TRW Automotive and FAWER Sign Commercial Steering Joint Venture Agreement

TRW Automotive J.V. LLC and FAWER Automotive Components Co. Ltd. have formed a new joint venture called TRW FAWER Commercial Vehicle Steering (Changchun) Co., LTD. The new company will manufacture and sell steering gears for the commercial vehicle market.

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LIVONIA, MI — TRW Automotive J.V. LLC and FAWER Automotive Components Co. Ltd. have formed a new joint venture called TRW FAWER Commercial Vehicle Steering (Changchun) Co., LTD. The new company will manufacture and sell steering gears for the commercial vehicle market.

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This agreement builds on an existing partnership between TRW Automotive and FAWER Automotive in Changchun. Earlier this year, the two organizations announced the expansion of the scope of an existing joint venture, adding airbag modules and steering wheels to its existing product portfolio of chassis modules and braking systems, creating TRW FAWER Automobile Safety System Co., Ltd.

Jim Handysides, vice president and general manager, commercial steering, TRW Automotive, said the new joint venture company will be the primary provider of steering gears to FAW Trucks, the largest truck manufacturer in China. The business will also provide advanced steering gear technology to other truck manufacturers currently established in China.

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China represents one of the three largest markets in the world for commercial vehicles, according to Handysides. “Its expanding infrastructure and overall economic growth will result in exciting business development opportunities for this joint venture company,” he said.

“The creation of TRW FAWER Commercial Vehicle Steering (Changchun) Co., LTD. is another significant step in strengthening our presence in China to meet the global objective of being the leader in automotive safety systems,” said John Jones, vice president, TRW Automotive Asia Pacific. “This development is our first entry into the commercial vehicle segment; a market representing significant growth opportunities.”

TRW Automotive has nine facilities in China including seven joint venture facilities, manufacturing chassis modules, steering systems, braking systems, seat belts, airbags and steering wheels, engine valves and switches as well as an aftermarket business.

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

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