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TRW AUTOMOTIVE WINS BRAKING CONTRACT FROM TOYOTA.
(Full text of a statement. Contact details below.)
BIRMINGHAM, Feb. 28 PRNewswire-FirstCall-Asianet - TRW Automotive today announced a contract win of $75 million from Toyota to supply the full foundation brake system for the new UK-built Toyota Corolla.
The contract value is an estimated amount over the life of the vehicle program. This contract brings TRW's annual sales for braking products to approximately $US1.5 billion.
(Photo: http://www.newscom.com/cgi-bin/prnh/20010824/TRWLOGO)
This contract is TRW's first full foundation braking systems contract with Toyota. TRW has supplied braking components for the previous Corolla model. Calipers and parking brakes will be supplied from TRW's plant in Pontypool, UK and actuation from its plant in Gliwice, Poland, providing these plants with substantial volume increases.
In addition, TRW provides side impact crash sensors for the Corolla from its facility in Marshall, Ill.
John Plant, president and chief executive officer, TRW Automotive, said: "Our project team has worked very closely with Toyota who set demanding criteria for gaining this business. We have worked extremely hard to meet the customer's exacting expectations and hope that this work sets the foundations for future opportunities with Toyota.
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Source: HighBeam Research, TRW AUTOMOTIVE WINS BRAKING CONTRACT FROM TOYOTA.