TRW Automotive Plant Receives Queen’s Award for International Trade
PETERLEE, England, April 21 /PRNewswire-FirstCall/ — A subsidiary of TRW Automotive Holdings Corp. , TRW Systems Limited, which operates a safety electronics plant in Peterlee, UK, has received the 2008 Queen’s Award for Enterprise under the category of International Trade, for increasing its exports by 77 percent during the last three years.(Logo: )The award is further evidence of TRW’s expertise as a leading innovator and integrator of safety electronics.Plant manager, Phil Pearce, commented: “Our success in growing our export business resulted from TRW’s innovative design and production processes, which utilize tailored software. In addition, the plant has an excellent record for adherence to quality standards, process controls and delivery times.”We have grown our business by marketing directly to the major vehicle manufacturers in traditional markets in Europe, North America and Japan, but we have also targeted customers in China, India and South Korea.”The Peterlee plant manufactures crash sensors and the electronics that control airbags and seatbelts and has created an additional 180 jobs in the last three years.Pearce added: “It is a tremendous honor for the plant to receive this award and a great reflection on the professional quality of the team of people in our plant.”The Queen’s Awards for Enterprise are the UK’s most prestigious Awards for business performance. They recognize and reward outstanding achievement by UK companies. The Awards are made each year by The Queen, on the advice of the Prime Minister, who is assisted by an Advisory Committee that includes representatives of government, industry and commerce, and the trade unions.About TRWWith 2007 sales of $14.7 billion, TRW Automotive ranks among the world’s leading automotive suppliers. Headquartered in Livonia, Michigan, USA, the Company, through its subsidiaries, operates in 27 countries and employs more than 66,000 people worldwide. TRW Automotive products include integrated vehicle control and driver assist systems, braking systems, steering systems, suspension systems, occupant safety systems (seat belts and airbags), electronics, engine components, fastening systems and aftermarket replacement parts and services. All references to “TRW Automotive”, “TRW” or the “Company” in this press release refer to TRW Automotive Holdings Corp. and its subsidiaries, unless otherwise indicated. TRW Automotive news is available on the internet at .Forward-Looking StatementsThis release contains statements that are not statements of historical fact, but instead are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers not to place undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements are subject to numerous assumptions, risks and uncertainties which can cause our actual results to differ materially from those suggested by the forward-looking statements, including those set forth in our Report on Form 10-K for the fiscal year ended December 31, 2007, such as: loss of market share by domestic North American vehicle manufacturers and resulting production cuts and restructuring initiatives, including bankruptcy actions, of our suppliers and customers; escalating pricing pressures from our customers; commodity inflationary pressures adversely affecting our profitability and supply base, including any resulting inability of our suppliers to perform as we expect; our dependence on our largest customers; product liability, warranty and recall claims and efforts by customers to alter terms and conditions concerning warranty and recall participation; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations; work stoppages or other labor issues at our facilities or at the facilities of our customers or suppliers; our substantial debt and resulting vulnerability to an economic or industry downturn and to rising interest rates; cyclicality of automotive production and sales; risks associated with non-U.S. operations, including foreign exchange risks; adverse affects of environmental and safety regulations; assertions by or against us relating to intellectual property rights; the possibility that our largest shareholder’s interests will conflict with ours; and other risks and uncertainties set forth in our Report on Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any obligation to release publicly any revision to any of these forward-looking statements. TRW Automotive Holdings Corp.
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