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TRW Automotive Holdings Corp to open new airbag sewing facility in Romania-IHS Global Insight Daily Analysis

Thursday, 16 Jan 2014 07:00pm EST 

TRW Automotive Holdings Corp (TRW):TRW will open a new sewing facility in Roman, Romania, according to a company press release-IHS Global Insight Daily Analysis.The facility will manufacture and supply sewn airbag cushions to the company's occupant restraints plants ready for module assembly.The facility expects to employ 400 people by the end of 2014 and up to 1,000 people by 2017.Company did not disclose any investment figure for the new plant in the press release.TRW is opening this new facility in Romania to address rising demand for sewn airbags over the next five years, supporting its current airbag plants across Europe.TRW started operations in Romania in 2004, making leather wrapping for steering wheels in Timisoara, and has since expanded its activities to cover die casting, foaming and airbag production.Besides Timisoara, the company operates from four additional sites with around 3,400 employees. 

Company Quote

0.49 +0.48%
19 Dec 2014