Printer Friendly

ROCKWELL WILL BUILD NEW AUTOMOTIVE SYSTEMS PLANT IN MEXICO

 QUERETARO, Mexico, Aug. 24 /PRNewswire/ -- Rockwell International Corporation (NYSE: ROK) has announced that its automotive business will build a plant in Queretaro, approximately 120 miles northwest of Mexico City, to support its rapidly expanding automotive systems business in the Mexican market.
 "Mexico is expected to produce 2 million passenger vehicles for its domestic market by 1998," said Ronald L. Roudebush, president of Rockwell's automotive business. "With a market that size, it is imperative that we establish a stronger presence in order to be close to our customers' assembly plants in their home market."
 Currently, Rockwell supplies door and roof systems to Chrysler and Volkswagen assembly plants in Mexico. In addition, Rockwell's joint venture affiliate -- Dirona S.A. -- produces axles and brakes for Mexican medium- and heavy-duty truck manufacturers from a plant in Monterey, Mexico.
 "We do not anticipate any reductions in employment levels at our current North American plants as a result of this facility," said Roudebush.
 Rockwell's new 63,000-square-foot plant will employ about 150 people and produce window regulators, sunroofs and door latches. It will be built on a 6.2-acre site in an industrial park near Queretaro. Construction will begin this month with the plant operational by May 1994.
 Queretaro is home to a growing number of major automotive suppliers. It is within 200 miles of seven of Mexico's nine automobile assembly plants.
 "Establishment of this new facility is in keeping with increasingly global sourcing strategies demanded by automotive manufacturers," said Donald R. Beall, Rockwell chairman and chief executive officer. "Investment stimulates growth and we believe growth opportunities exist."
 Rockwell's door systems business in the Americas is one of the fastest-growing segments of its Troy, Mich.-based automotive businesses. Rockwell expects to triple its 1991 level of door systems business by 1995.
 In addition to its automotive business, Rockwell operates industrial automation and facsimile/data modem manufacturing facilities in Mexico. Rockwell and its joint venture affiliate currently employs nearly 2,000 people at four manufacturing plants in the country.
 Rockwell International, headquartered in Seal Beach, Calif., is a global, multi-industry company applying advanced technology to a wide range of products in its electronics, aerospace, automotive and graphics businesses.
 -0- 8/24/93
 /CONTACT: Richard H. Pacini of Rockwell/Automotive, 313-435-1752, or Joy Sabol of Rockwell/Corporate, 310-797-5819/
 (ROK)


CO: Rockwell International Corporation ST: Michigan IN: AUT SU:

ML -- DE024 -- 5535 08/24/93 15:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 24, 1993
Words:399
Previous Article:BVS AND C&P WIN COURT CHALLENGE TO 1984 CABLE ACT
Next Article:COMPUWARE CHAIRMAN POSITIVE ABOUT THE FUTURE
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters