BorgWarner expansion to create 154 new engineering and manufacturing jobs in Buncombe County

Press Release

From Economic Development Coalition for Asheville – Buncombe County:

Asheville, N.C., May 7, 2014 – In cooperation with the Economic Development Coalition (EDC) for Asheville-Buncombe County, BorgWarner, a global technology leader and top automotive industry supplier, announced today a plan to expand its Turbo Systems manufacturing facility in Arden, North Carolina. The expansion will create 154 new good-paying engineering and manufacturing jobs in Buncombe County and will invest $55 million in facilities and equipment over the next five years.

The BorgWarner Turbo Systems facility in Arden opened in 1977 and currently employs over 650 full-time employees. Stringent emissions regulations and increasing demand for more fuel-efficient vehicles are driving significant growth in turbocharger production, which is expected to more than double in North American in the next five years. Engineered to improve fuel economy, emissions and performance, BorgWarner’s leading turbocharging systems boost a wide range of vehicles from commercial trucks and off-highway equipment to high-performance race cars. In fact, every car in the Verizon IndyCar® Series is equipped with a BorgWarner EFR (engineered for racing) turbocharger.

“As demand for our world-leading turbocharging technologies escalates, BorgWarner will continue to leverage the strong and talented local labor pool,” said Frédéric Lissalde, President and General Manager, BorgWarner Turbo Systems. “We are excited about our business prospects and look forward to working with North Carolina and Buncombe County to enhance the local economy.”

“It’s the great companies based in Buncombe County like BorgWarner, utilizing our highly skilled workforce, that keep our region on the leading-edge of manufacturing technologies,” said David Gantt, Chairman of the Buncombe County Board of Commissioners.

“Buncombe County’s sustainability ethic and strength in advanced manufacturing create huge opportunities for job and wage growth. Our workforce is committed to, and clever at implementing, new valuable technologies. BorgWarner is among our area’s most innovative manufacturers leading the world in research and development. The EDC is grateful for Buncombe County’s continuing support for the creation of high-quality jobs like those at this great local employer,” said EDC Chairman Paul Szurek.

For more information on BorgWarner Turbo Systems and employment opportunities, please visitwww.borgwarner.com.
The Economic Development Coalition Asheville-Buncombe County (EDC) is a public-private partnership committed to: creating and retaining high quality jobs, community leadership, and being a resource for better business decisions. The EDC accomplishes this mission through its four core services: business retention and expansion, small business and entrepreneurship, research, and marketing and recruitment. The EDC is funded by Buncombe County, the City of Asheville, the Town of Weaverville, the Asheville Area Chamber of Commerce and the AVL 5×5 Campaign. Visit www.EconomicDevelopmentAsheville.org.

The Asheville Area Chamber of Commerce is a member organization with over 1,800 member businesses and organizations. Chamber members collaborate with community organizations and coalitions to support the community and each other with the mission of building community through business. The Chamber is home to a 4,000 square foot Visitor Center which welcomes over 200,000 visitors per year. To get active in the Chamber, visitwww.ashevillechamber.org.

BorgWarner Inc. (NYSE: BWA) is a product leader in highly engineered components and systems for powertrains around the world. Operating manufacturing and technical facilities in 60 locations in 19 countries, the company delivers innovative powertrain solutions to improve fuel economy, reduce emissions and enhance performance.

IndyCar (and Design) are registered trademarks of Brickyard Trademarks, Inc., used with permission. Verizon is a registered trademark of Verizon Communications Inc., used with permission.