Lear and Tachi-S Announce Opening of Facility in Sunderland, U.K., to Support New Business with Nissan in Europe
SOUTHFIELD, Mich., July 24 /PRNewswire-FirstCall/
-- TACLE Seating U.K. Ltd., a joint venture between Lear Corporation
(NYSE: LEA) and Tachi-S, a leading Japanese seating supplier, announced
that it has established a new facility in Sunderland, U.K., to
manufacture seats, and sequence wire harnesses and smart junction boxes
for an all-new Nissan compact crossover vehicle in Europe.
TACLE Seating U.K. Ltd. was formed in September 2005, with Lear
holding a 51% stake and Tachi-S a 49% stake. The Sunderland facility is
the TACLE joint venture's first U.K. plant and its third location
globally. The 11,000-square- meter facility will be fully operational in
November 2006, and will employ up to 200 people to support the launch
of the Nissan program, the first complete design project to have come
from Nissan Design Europe which opened in London in January 2003.
TACLE recently held a ceremony to celebrate the opening of the
$25-million facility dedicated to supplying seats to Nissan's assembly
plant in Sunderland, U.K. On hand for the opening ceremony were
officials from Nissan, Lear, Tachi-S and local government agencies.
"A top priority for Lear is to further diversify our customer base by
continuing to expand our business with Asian automakers," said Gideon
Jewel, president of Lear's Japanese Customer Division. "With leading
partners like Tachi-S, we can assure new customers we will provide them
the legendary service, quality and competitiveness for which our company
is known. We're very excited about the opportunity and we look forward
to a long and successful relationship with Nissan globally."
In addition to the new business with Nissan in the U.K., the TACLE
joint venture has locations to supply seats to Nissan in North America
through a new facility in Mt. Juliet, Tenn., currently under
construction, as well as an additional facility in Guanzhou, China.
Tachi-S is a wholly owned subsidiary of Tachi-S Co., Ltd. of Tokyo, Japan.
Established in 1954, Tachi-S is an automotive supplier with 3,563
employees and 2005 sales of 183,655 million yen. Since its founding,
Tachi-S Co., Ltd. has understood that the seats in a vehicle make the
single most important contribution to driver and passenger comfort. On
the threshold of a new century, Tachi-S is determined to continue
defining automotive seating standards by setting the pace in areas as
diverse as environmental impact, quality, durability, and ergonomic
excellence. Further information about Tachi-S can be found on the
Internet at http://www.tachi-s.co.jp/ .
Lear Corporation is one of the world's largest suppliers of
automotive interior systems and components. Lear provides complete seat
systems, electronic products and electrical distribution systems and
other interior products. With annual net sales of $17.1 billion, Lear
ranks #127 among the Fortune 500. The company's world-class products are
designed, engineered and manufactured by a diverse team of 115,000
employees at 282 locations in 34 countries. Lear's headquarters are in
Southfield, Mich., and Lear is traded on the New York Stock Exchange
under the symbol (LEA). Further information about Lear is available on
the Internet at http://www.lear.com/ .
SOURCE: Lear Corporation
CONTACT: Andrea Puchalsky, Director - Corporate Communications of Lear
Web site: http://www.lear.com/
Company News On-Call: http://www.prnewswire.com/comp/518304.html
Posted on 7/24/2006