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ATIBAIA, Brazil, Aug. 13, 2014 /PRNewswire/ -- Halla Visteon Climate Control Corp. (KS: 018880) celebrated the opening of its first manufacturing facility in South America. The new plant in Atibaia, in the state of Sao Paulo, Brazil, assembles heating, ventilation and air conditioning (HVAC) components for automakers in the region. A ceremony marking the start of production was attended by guests including local government officials, customers, suppliers, company leaders and plant employees.
"This new facility in Brazil represents an important expansion of HVCC's global footprint to capitalize on business opportunities and support our customers' global platforms," said YH Park, president and CEO of Halla Visteon Climate Control. "We are pleased to expand HVCC's global reach to South America and to provide localization opportunities to customers in this important region."
The new facility, HVCC Climatizacoes do Brasil Industria e Comercio Ltda., incorporates HVCC's standardized global manufacturing and business processes. It has 3,000 square meters (approximately 32,000 square feet) of manufacturing space, with room for expansion based on business needs. Production began in early June, with an initial staffing level of 40 hourly and salaried employees.
About Halla Visteon Climate Control
Halla Visteon Climate Control (HVCC) is a full-line automotive supplier of climate systems and components. Products include heating ventilation and air conditioning; compressors; powertrain cooling; fluid transport; and electric, hybrid and fuel cell vehicle thermal systems. With 35 manufacturing sites supported by four global technical centers in 19 countries, HVCC employs nearly 14,500 people.
HVCC is a 70-percent owned subsidiary of Visteon Corporation (NYSE: VC) and is traded on the Korea Stock Exchange. Learn more at www.hvccglobal.com.
About Visteon
Visteon is a global automotive supplier delivering value for vehicle manufacturers and shareholders through two high-growth core businesses: automotive cockpit electronics and thermal management. Visteon owns 70 percent of Halla Visteon Climate Control Corp., the world's second largest provider of vehicle thermal management solutions. Visteon designs, engineers and manufactures innovative components and systems for virtually every vehicle manufacturer worldwide. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; Visteon has facilities in 32 countries and employs about 29,000 people. Visteon had sales of $7.4 billion in 2013. Learn more at www.visteon.com.
SOURCE Halla Visteon Climate Control Corp.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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