Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Announce New Piston Joint Venture

SHANGHAI, March 26, 2018 /PRNewswire/ -- Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Co., Ltd. (Dong Feng Parts and Components Group), a subsidiary of Dong Feng Motor Corporation, today announced an agreement to establish a new piston joint venture in Shiyan, China, with Federal-Mogul being the majority shareholder. The new engine component joint venture will operate as a piston manufacturer for Dong Feng Motor Corporation and other customers; the current piston business under Dong Feng Pistons and Bearing Co., Ltd. will also be integrated into the new joint venture company.

"We have established over the years a significant partnership with Dong Feng," said Felix Cheng, Vice President and General Manager, China and Korea, Federal-Mogul Powertrain. "Today's announcement will further strengthen that relationship, as we work together to develop world-class piston solutions that support Dong Feng in meeting the increased demand for engine components that improve fuel economy and reduce emissions."

The new joint venture operation will be located in Shiyan, part of Hubei Province, China. As a global leader in piston technology, Federal-Mogul will design, engineer and manufacture high-performance pistons for passenger vehicles and commercial vehicles under the Dong Feng Motor Corp., helping them to meet current and future emissions regulations in China.

"Dong Feng Parts and Components Group is a subsidiary and key parts supplier to Dong Feng Motor Corp. We have nearly 50 years experience in research and manufacturing," said Chen Xinglin, General Manager, Dong Feng Parts and Components Group. "Our cooperation with Federal-Mogul Powertrain in pistons is a win-win strategy and takes full advantage of each other's strengths to drive rapid business growth for pistons and will bring innovative technologies and breakthrough products to Dong Feng vehicles. It also paves the foundation for both companies to further expand the business scope of the joint venture in the future."

Federal-Mogul established its first manufacturing operations in China in 1995. With globally networked engineering and localized production capabilities, the company has established itself as a leader in the Chinese OE market, providing sustainable, high-performance engine components for its customers there. Today, the company operates 12 wholly-owned or joint venture companies, with the Shiyan facility marking the second piston manufacturing center there. Federal-Mogul Powertrain's Shanghai Technical Center is one of the company's five globally networked engineering and technical centers, providing leading edge technologies and services to OEMs throughout Asia.

About Federal-Mogul

Federal-Mogul LLC is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.

Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors.

Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications.

Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, wipers and a range of chassis components. The company's aftermarket brands include ANCO^® wipers; Beck/Arnley^® premium OE quality parts and fluids; BERU^®* ignition systems; Champion^® lighting, spark plugs, wipers and filters; Interfil^® filters; AE^®, Fel-Pro^®, FP Diesel^®, Goetze^®, Glyco^®, National^®, Nüral^®, Payen^®, Sealed Power^® and Speed-Pro^® engine products; MOOG^® chassis components; and Abex^®, Ferodo^®, Jurid^® and Wagner® brake products and lighting.

Federal-Mogul was founded in Detroit in 1899 and maintains its worldwide headquarters in Southfield, Michigan. The company employs nearly 55,000 in 24 countries. For more information, please visit www.federalmogul.com.

*BERU is a registered trademark of BorgWarner

About Dong Feng Parts and Components Group

Dong Feng Parts and Components Group is one of the largest auto parts suppliers in China, winning trust from international and Chinese customers with innovative auto parts and system solutions. Located in Shiyan, Hubei, the group has16,000 employees and 34 companies and branch companies, and is committed to be the most competitive auto parts supplier, providing value-added service.

CONTACT:

Jane Yuan
Federal-Mogul Powertrain
86 21 6182 7515
[email protected]

SOURCE Federal-Mogul Powertrain