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BorgWarner Goes to E. Europe – Analyst Blog

Zacks Market Commentaries (July 16th, 2009) Writes:
Auburn Hills, Michigan based BorgWarner Inc. (BWA), a leading manufacturer of powertrain products for the world's major automakers, opened a new diesel and gasoline turbocharger facility in Rzeszow , Poland , southeast of Krakow. The facility has a total annual capacity of 500,000 diesel and gasoline turbochargers and will cater to automakers primarily in Europe. The company’s new plant has commenced production within a year of beginning the facility’s construction in March 2008. This is BorgWarner’s 24th facility in Europe. Europe is already a key market for BorgWarner’s turbochargers. The company is one of the six major suppliers of turbochargers in North America and Europe, with a 25% market share. Turbochargers are used in 41% of the cars in Europe. BorgWarner expects strong diesel engine growth from 16 million units in 2007 to 20 million units in 2013. Sustained demand for the company’s diesel turbochargers ...

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