DAEJEON, South Korea,
Dec. 2, 2014 /PRNewswire/ -- Halla
Visteon Climate Control Corp. (KS: 018880), a full-line supplier of
automotive thermal management solutions, expects 2014 to be a
record year for new business awards and is introducing breakthrough
technology that is expected to drive further growth.
HVCC reported recently that it expects incremental new business
wins, combined with rewins of business awards that were up for
renewal, to increase as much as 17 percent this year compared with
2013 – to between $1.2 billion and $1.4
billion. Driving this growth are high-quality products in
the traditional heating, ventilation and air conditioning (HVAC);
compressor; powertrain cooling; and fluid transport segments – as
well as innovative thermal systems that support electric, hybrid
and fuel cell vehicles.
"These new awards create a foundation for our future, as most of
the business we have won this year will launch in the 2017-2020
time period," said YH Park, HVCC president and CEO. "I am
particularly enthused that a broad range of global vehicle
manufacturers are choosing to partner with HVCC, especially on
future thermal management solutions."
HVCC plans to continue its growth by introducing "disruptive"
technologies that have the potential to significantly change the
way vehicles are designed, heated and cooled. The recently released
HV iCool™ is a prime example and reflects the company's focus on
eco-friendly and efficient solutions that deliver driver
comfort.
HV iCool is the first integrated climate control system
combining the HVAC, compressor and condenser into one unit. By
design, HV iCool creates interior space by enabling the heating and
cooling system to be located away from the instrument panel in
non-traditional places such as under the driver's seat or in the
luggage compartment. This patented technology is particularly
appealing in electric vehicle applications with its potential to
improve the vehicle drive range up to 30 percent (at 20 degrees C)
by eliminating the electric heater – a significant electric current
draw.
"Through new products such as HV iCool, HVCC is continuously
focusing on technical development to quickly respond to the needs
of the market today and tomorrow," Park said.
He added: "HVCC will finish 2014 with its strongest balance
sheet ever, and is poised to explore various growth and new
business opportunities in the future. With anticipated growth over
the next two to three years, HVCC will continue to pursue value
creation for customers and investors by rapidly bringing new,
innovative products to the automotive market."
About Halla Visteon Climate Control
Halla Visteon
Climate Control (HVCC) is a full-line supplier of automotive
thermal management solutions. Products include heating ventilation
and air conditioning; compressors; powertrain cooling; fluid
transport; and electric, hybrid and fuel cell vehicle thermal
systems. With 36 manufacturing sites supported by four global
technical centers in 19 countries, HVCC employs nearly 15,500
people.
HVCC is a 70 percent-owned subsidiary of Visteon Corporation
(NYSE: VC) and is traded on the Korea Stock Exchange. Learn more at
www.hvccglobal.com.
About Visteon
Visteon Corporation is a global
automotive supplier that designs, engineers and manufactures
innovative products for nearly every vehicle manufacturer
worldwide. Visteon delivers value for its customers and
shareholders through two technology-focused core businesses:
vehicle cockpit electronics and thermal energy management. With
corporate offices in Van Buren Township,
Mich. (U.S.); Shanghai,
China; and Chelmsford, UK;
Visteon has approximately 26,000 employees at facilities in 29
countries. Visteon had sales of $7.4
billion in 2013. Learn more at www.visteon.com
Forward-Looking Information
This release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not guarantees of future results and
conditions but rather are subject to various factors, risks and
uncertainties that could cause our actual results to differ
materially from those expressed in these forward-looking
statements. Caution should be taken not to place undue reliance on
our forward-looking statements, which represent our view only as of
the date of this release, and which we assume no obligation to
update. New business wins and re-wins do not represent firm orders
or firm commitments from customers, but are based on various
assumptions, including the timing and duration of product launches,
vehicle production levels, customer price reductions and currency
exchange rates.
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SOURCE Halla Visteon Climate Control Corp.