BorgWarner : Breaks Ground for New Electrification Plant in Portugal
October 12, 2021 at 05:42 am EDT
Share
New facility in Viana do Castelo, Portugal will serve global electrification trend
Investment for the new facility amounts to 100 million euros
BorgWarner broke ground on a new plant in Viana do Castelo, Portugal, where it plans to produce electrification products such as electric motors, inverters and battery management systems for a wide range of global automakers in Europe. Investment in the new facility where production is slated to partially begin in Q3 2022 and at full capacity in 2024 amounts to 100 million euros. The 17,000-square-meter facility will house different functions including operations, engineering, quality and purchasing and is expected to create about 300 new jobs. BorgWarner executives, government officials and a priest attended the groundbreaking ceremony to wish prosperity and success for the new facility.
"Europe is a very important manufacturing base for global automakers. Our newest plant is strategically located to serve our customers with localized production and to meet growing demand for electrification products," said Tony Allen, President and General Manager Europe, BorgWarner PowerDrive Systems. "The new plant in Viana fits BorgWarner's global growth strategy and demonstrates the company's commitment to Portugal as an industrial location," Hugues Simion, Plant Manager, BorgWarner PowerDrive Systems Viana, added. "BorgWarner's investment in a new industrial plant for the electric vehicle segment in Viana do Castelo is a clear demonstration of Portugal's attractiveness for high value-added projects and a clear commitment to the future of electric mobility. We are very pleased with the confidence that BorgWarner once again has in the country," said the President of AICEP, Luís Castro Henriques.
As part of its Charging Forward initiative, BorgWarner is accelerating the company's electrification strategy and has announced plans to grow electric vehicle revenues to approximately 45% by 2030, along with a commitment to achieve carbon neutrality by 2035.
Attachments
Original document
Permalink
Disclaimer
BorgWarner Inc. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 09:41:02 UTC.
BorgWarner Inc. specializes in the design, manufacturing, and marketing of automotive equipment. Net sales break down by family of products as follows:
- air management products (54.6%): turbochargers, timing systems, emissions systems, thermal systems, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery heaters and battery charging products;
- e-propulsion & drivetrain products (30.3%): rotating electrical components, power electronics, control modules, software, friction and mechanical products for automatic transmissions and torque management products;
- gasoline and diesel fuel injection components and systems (15.1%): pumps, injectors, fuel rail assemblies, and complete systems.
At the end of 2023, the group had 79 production and assembly sites worldwide.
Net sales are distributed geographically as follows: the United States (16.4%), Germany (11.8%), Poland (7.9%), Hungary (6.4%), Europe (9.8%), China (21.1%), Mexico (12.4%), South Korea (8.2%) and other (6%).