Delphi Corporation has already booked $US3.3bn in new steering and halfshaft business to date in 2006, and expects additional new business awards prior to year-end, company officials said on Wednesday.
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Most of the new business awards are approximately five years in duration.
Sixteen global customers are included among the new business awards, with no single customer representing more than 50% of the total business. More than half of the new business is for vehicles produced in Europe, Asia and South America.
The products sold include electric and hydraulic power steering systems, steering columns, gears, hoses and halfshafts.
“We’re showing remarkable strength during a turbulent time for the entire industry,” noted Bob Remenar, president, Delphi Steering division. “We expect that momentum to continue for the remainder of the year and into 2007.”
Remenar said he expects that 2006 will reflect more than a 50% gain compared with 2005.
He noted that more than 30% of the new business in 2006 is conquest business.
Delphi Steering now supports 64 customers worldwide and has 9,200 employees at 22 manufacturing plants, 11 customer support centres, and five regional engineering centres worldwide.
