ITT AUTOMOTIVE TO CONSTRUCT ANTI-LOCK BRAKE SYSTEM MANUFACTURING FACILITY IN MORGANTON, N.C.
ITT AUTOMOTIVE TO CONSTRUCT ANTI-LOCK BRAKE SYSTEM MANUFACTURING FACILITY IN MORGANTON, N.C. MORGANTON, N.C., March 18 /PRNewswire/ -- ITT Teves, a business unit of ITT Automotive based in Auburn Hills, Mich., has selected Morganton as the site for its second facility in North Carolina, according to H. Albert Beller, president, ITT Teves America and general manager, Electronic Brakes and Suspension Systems Group - ITT Teves GmbH. ITT Teves' existing plant in Asheville, N.C., manufactures anti-lock brake (ABS) and traction-control systems for the North American automobile industry as well as for export to other parts of the world, including Asia. Production began at the Asheville facility in 1989 and now employs more than 750 people. Production at the Morganton facility will begin in the first quarter of 1993. The Morganton facility is expected to initially employ approximately 350 people. "The expansion of our manufacturing capacity was necessitated by an increased demand for ABS from both manufacturers and consumers," Beller said. "The new plant will help ITT Teves meet current and future demand while spurring economic growth in North Carolina." Beller commented on the expansion during a news conference held today at the City of Morganton Municipal Auditorium. Joining him were North Carolina Gov. James G. Martin, W. Ed Anderson, general manager, ITT Teves Asheville, and Gerald M. Jusco, vice president, corporate and industry relations, ITT Automotive. In a video-taped message, Timothy D. Leuliette, ITT Corporation senior vice president and ITT Automotive president and CEO, said ITT was pleased to contribute to the economic growth of the local community while assisting in the production of major systems which contribute to vehicle safety. "The automobile industry and motorists recognize the substantial safety benefits of anti-lock brake systems," said Leuliette. "Our growth is a direct result of being able to provide quality safety products like the ITT Teves brake system to meet consumer demand." Currently, ITT Teves is an ABS supplier to Chrysler Corporation, Ford Motor Company and General Motors Corporation in North America and Europe and BMW, Jaguar, Saab, Volvo, Volkswagen, Mazda, Kia Motors, Alfa Romeo, Ferrari, Citroen, Renault, Daihatsu and Mitsubishi. In addition, ITT Teves will provide ABS for the new Chrysler Corporation LH series family of sedans due out this spring. ITT Teves also provides the ABS on the new Jeep Grand Cherokee. The 125,000-square-foot Morganton facility, located off I-40 at Exit 100, is expected to be completed in the first quarter of 1993. The Morganton will allow ITT Teves to significantly increase its North American ABS capacity. ITT Teves, a pioneer in ABS and traction-control technology, is the world's largest independent brake systems manufacturer and has been a leader in the development and application of automotive braking technology for more than 80 years. The significant safety advantage of the ITT Teves anti-lock brake system (ABS) over conventional brakes is that it allows the driver to maintain directional control and maneuverability of the vehicle in all stopping situations, including emergency stops, by preventing the wheels from locking. The ITT Teves ABS prevents wheel locking through computer control, starting with sensors on each wheel that detect when a wheel is about to lock. The computer then actuates the wheel's electronic valves to maintain the brake pressure at a level to keep the wheel from locking. A rise in the brake pedal against the foot and pedal pulsations, let the driver know the ABS is activated. ITT Teves' optional traction-control feature is designed to integrate easily into its current ABS with minimal add-on components. Traction control provides enhanced driver/passenger safety and vehicle control by preventing wheel slippage on slick surfaces during acceleration by electronically controlling braking force and, in some applications, engine torque. ITT Automotive, with annual revenues of more than $3 billion, consists of nine divisions with 75 facilities throughout the world. It is a global supplier of components and system-oriented products to the automotive industry. ITT Corporation (NYSE: ITT) is a diversified, multinational enterprise engaged, either directly or through subsidiaries, in manufacturing and selling automotive, electronic components, fluid technology, defense, and forest products, and in providing and selling insurance, financial, communication and information, and hotel services. -0- 3/18/92 /CONTACT: Gerald M. Jusco of ITT Automotive, 313-340-3443/ (ITT) CO: ITT Teves; ITT Automotive; ITT Corporation ST: North Carolina, Michigan IN: AUT SU:
ML -- DE003 -- 9092 03/18/92 09:29 EST
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|Date:||Mar 18, 1992|
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