Kautex Textron GmbH & Co. KG Celebrates Wuhan Facility Grand Opening

BONN, Germany, March 29, 2017

Kautex Textron GmbH & Co., KG (Kautex), a Textron Inc. (NYSE: TXT) company, held a grand opening ceremony for its newest facility in China located in the Wuhan Economic and Technological Development Zone (WEDZ) in China's Hubei Province.

Kautex will manufacture automotive plastic fuel tanks at the new facility, using its conventional and NGFS® technologies. NGFS® serves as an enabler to produce the lowest hydrocarbon (HC) emission fuel tank systems and to reduce carbon dioxide (CO2) emissions by reducing the weight of the tank. NGFS® is also the enabler for Kautex's all-plastic, lightweight hybrid fuel tank.

"The light weight and low permeation features of the NGFS® fuel tank help OEMs to meet the future China VI carbon dioxide emissions requirements," said Jörg Rautenstrauch, Kautex's president & CEO. "We see increasing demand from our customers to implement this technology, and we are delighted to further its use in China. Additionally, as NGFS® is the platform for our lightweight hybrid fuel tank, this investment helps ensure Kautex is able to offer the right solutions to meet the long-terms needs of our customers."

Announced in fall 2015, Kautex closely collaborated with the WEDZ in this greenfield development project. The initial facility is 3,800 sq. meters with the option to expand to 7,500 sq. meters. Trial production began in 2016, with formal production scheduled to begin in the near-term.

"Kautex Wuhan is delighted to share this celebratory day with the WEDZ, whose collaboration in this project was instrumental to our success," said Wayne Shen, president, Kautex Asia. "We also want to thank our fellow team members across Kautex for their hard work and dedication – it was truly a global team effort that made this opening day a success."

Founded in 1935, Kautex pioneered plastics processing and blow molding technologies. Today, the company is a Tier One supplier for numerous automotive OEMs worldwide. The company produces fuel systems, selective catalytic reduction systems, clear vision systems and camshafts as well as industrial packaging.