Federal-Mogul Looks to Expand Manufacturing in Europe, China
April 15, 2016—Federal-Mogul Holdings Corp. is looking to expand its manufacturing facilities in eastern Europe and China to take advantage of growth opportunities, according to a report from Automotive News.
Daniel Ninivaggi, co-chief executive officer, said that Federal-Mogul has already invested $56 million in two plants in Romania, and is looking to use $400 million available for investments this year to expand even more.
“In our core product lines, we’re setting up manufacturing in new markets, most of that is organic growth,” Ninivaggi said. “Places like China and eastern Europe, I expect we will continue to set up new manufacturing facilities and engineering centers.”
The supply chain in markets such as North America and Europe see single-digit growth, Ninivaggi said. Federal-Mogul sees China, eastern Europe and also India as the main markets that could help boost sales.