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REGENSBURG, GERMANY and FRANKLIN, TENNESSEE--July 18, 2001--
SiemensVDO Automotive AG, Regensburg (Germany) and Alcoa Fujikura Ltd.
(AFL), Franklin, (USA) announce today that Siemens completed the sale of
four SiemensVDO wiring harness plants to AFL. The four plants are
located in Stribro, Czech Republic; Seixal, Portugal; Brussels, Belgium;
and Puebla, Mexico. These plants have a combined workforce of
approximately 5,600 people. For the most recent fiscal year, they
recorded total sales of around 200 million EURO. Terms of the deal were
not disclosed.
With this transaction SiemensVDO follows the strategy to concentrate on
the core electronic components and systems design of vehicle electrical
systems. For AFL it creates the opportunity to expand its customer base
for electrical distribution systems.
Alcoa is the world's leading producer of primary aluminium, fabricated
aluminium, and alumina. Among its related businesses are precision
castings, fiber optic cables, and electrical distribution systems for
cars and trucks. It has 142,000 employees in 37 countries.
AFL is a joint venture between Alcoa Inc. and Fujikura Ltd. of Japan. It
is a global full service supplier of electrical/electronic distribution
systems and electronic components in North America and Europe. AFL
employs approximately 35,000 people in its worldwide Automotive
business.
SiemensVDO Automotive is one of the world's leading suppliers of
electronics, electrics and mechatronics to the automotive industry. As
development partner of the automotive industry, the company manufactures
products for powertrain, engine control electronics and fuel injection
technology which improve engine performance and reduce emissions.
Information and car communication systems with instrumentation, audio
and navigation systems, telematics and multimedia applications right
through to complete cockpits provide increased ride comfort and ease of
operation. SiemensVDO products for chassis and carbody such as airbag,
ABS and fuel systems or access control systems contribute to greater
safety and security. A separate Trading division markets products for
retrofitting in cars and commercial vehicles. The company was created in
April 2001 as a result of the merger between Siemens Automotive and
Mannesmann VDO. It has 50,000 employees who generate cumulated sales of
more than 7 billion Euro.
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