The United States-based, BorgWarner Inc., a multinational corporation supplier of automotive components and parts, has opened, a new production facility in the industrial zone of Lanheses, Viana do Castelo, Portugal.
“This is an investment that happened because this is a country of productive and committed workers” said Brady Ericsson, BorgWarner’s President.
The new plant will involve an investment of € 25 million and will employ 650 workers.
To the Mayor of Viana do Castelo this investment will add value to the location where are already located other multinationals (Swiss, Spanish and German) from the auto sector and the renewables “wind cluster”.
“We know that BorgWarner has recently won new international contracts and that in a near future might consider new investments” he added.
The new production facility will further strengthen BorgWarner’s position as the leading supplier of eco-friendly exhaust gas recirculation (EGR) consisting of reducing emissions product technologies to be used in automotive engines in Europe.
The new facility covers about 160,000 square feet of manufacturing space being considered a “Project of National Interest” (PIN) by the Portuguese authorities. The project is one of the biggest investments of BorgWarner in Europe, consolidating the company’s investment in Portugal and contributing to the creation of many jobs.
According to a company source “the investment is justified by a growing worldwide demand for sustainable environmental technologies aimed at cutting emissions, reducing fuel consumption and improving performance”.
BorgWarner, operating in 57 locations in 19 countries, is a leading manufacturer of powertrain products for major automakers.
The company’s products are capable of improving vehicle performance while meeting fuel-efficiency and emission standards.
BorgWarner Inc. products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, SUVs, trucks and commercial transportation products.
The company’s largest customers include Ford Motor, VW/Audi, Toyota, Renault/Nissan, General Motors, Hyundai/Kia, Daimler, Chrysler, Fiat, BMW, Honda, John Deere, PSA, and MAN. BorgWarner anticipates that the global market for EGR systems will expand to 33.3 million units by 2018 from 21.2 million units in 2013.
Sources: i/Lusa, TSF and Portuguese American Journal