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November 23, 2012
08:49 EDTALVAutoliv announces U.S. expansion plans
In addition to the recently announced new propellant factory in China, Autoliv announced it is adding a sixth processing facility at its Promontory, Utah location to meet growing demand for airbag gas generant. The new facility in Promontory will add 20% more capacity to Autolivís existing global gas generant production capabilities. Capital investment is expected to cost approximately $13M. The company also announced plans to expand its Tremonton, Utah facility to keep pace with market growth for initiators and micro gas generators used in its airbag and seatbelt products. The majority of floor space added in this $5M expansion is slated for new production lines which could supply up to 30% more capacity when the space is fully utilized. Current plans call for just two new lines to be completed in 2013 adding 10% more initiator capacity, the company said.
News For ALV From The Last 14 Days
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February 11, 2016
07:15 EDTALVAutoliv management to meet with Deutsche Bank
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February 8, 2016
08:10 EDTALVAutoliv management to meet with JPMorgan
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January 29, 2016
07:30 EDTALVAutoliv sees Q1 organic sales growth more than 10%
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07:30 EDTALVAutoliv sees FY16 organic sales growth roughly 5%
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07:28 EDTALVAutoliv reports Q4 adjusted EPS $2.08, consensus $1.91
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