UK: Visteon Corporation secures development site for U.K. office expansion
Visteon Corporation (NYSE: VC); has announced that it has secured a 14-acre site adjacent to the Pipps Hill Business Park, where an office building will be constructed to help meet the growing needs of Visteon's U.K. operations. The site is in close proximity to Visteon's Basildon plant and will be the new location for Visteon's Southeastern U.K. operations. Phase one for the project will begin with the construction of a 60,000-square-foot facility. Completion of phase one is scheduled for early 2002. After this initial phase is complete, nearly 400 Visteon employees will occupy the building.
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