Autoliv Starts New Operations in China (Stockholm, June 10, 2010) - - - Autoliv, Inc. - the global leader in automotive safety systems - has started an in-house textile cushions operation in its airbag module facility in Jiading, Shanghai. “We needed to secure reliable supply to support our business in the booming Chinese market”, explained the Autoliv CEO Jan Carlson and added: “By making a significant portion of textile cushions in our own plant and not relying on external suppliers, we will take even more advantage of the favourable cost structure in China to remain cost competitive in this important market”. The new operations will have capacity to produce 4.5 million airbag cushions, when fully utilized, and 450 employees. The floor space is 3,000 square meters. Autoliv has nine plants in China and is the leading automotive safety system supplier in China, both to the global vehicle manufacturers in the country and to the domestic Chinese vehicle manufacturers. Recently, Autoliv opened a test facility that can crash test complete cars to support its customers in China. Last year, Autoliv's sales in China grew 67% and are this year expected to grow by 50% to exceed US $700 million. Chinese light vehicle production is expected to grow by 20%. Inquiries: Jan Carlson, President and CEO, Autoliv Inc. Tel +46-8-587 20 600 George Chang, President Autoliv China Tel +86-21-6992-8888
Autoliv Starts New Operations in China
| Source: Autoliv Inc.