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Mel Stephens
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Lear Corporation Plans to Open Automotive Seating Plant in Iasi, Romania

November 19, 2013

SOUTHFIELD, Michigan, November 19, 2013 -- Lear Corporation [NYSE: LEA], a leading global supplier of automotive seating and electrical distribution systems, today announced it will open its new seating plant in Iasi, Romania, in January 2014.   Serving all major European automotive manufacturers, Lear’s new facility will employ approximately 1500 people, with an emphasis on seating surface materials including cutting and sewing capability.
 
“With Lear’s continued growth, we are pleased to locate our new plant in Iasi, known as a major center for the textile industry,” said Gideon Jewel, Lear’s President for Seating in Europe and Africa.   “We also appreciate the cooperation of all involved as Lear adds a fourth facility in Romania.”

The Iasi plant will add to Lear’s Romanian workforce, which has a significant presence in Pitesti and Campulung.  “We have been encouraged by the dedication and effort of our existing employees,” said Raffael Gagliardi, Lear’s Vice President of European Trim and Foam.  “We look forward to adding employees who appreciate joining the world leader in luxury and performance seating.”  The company has been operating three plants in Romania for its electrical distribution systems business.
 
Lear Corporation is one of the world's leading suppliers of automotive seating and electrical distribution systems. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 113,000 employees located in 36 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA]. Further information about Lear is available at lear.com.