Valeo Inaugurates Two New Sites in China: an Electronics Development Center in Shenzhen and a Wiper Systems Plant in Wenling

Paris (ots/PRNewswire) - Valeo has inaugurated two new
sites in China this week: a global Electronics Expertise Center in
Shenzhen and a wiper systems production plant in Wenling, China.

"The opening of the new Electronics Expertise Center and the new
wiper systems plant are a further demonstration of Valeo's strategy
to accelerate its development in fast growing markets, in particular
in China where the Group aims to double its sales by 2015," said
Jacques Aschenbroich, Valeo CEO. "The R&D activity is key to support
this development. The number of our engineers in China will more than
double from 1,300 in 2010 to 3,000 in the next five years. Beyond
China, Asia is a key market for Valeo, which represented 19% of its
total sales in 2010 and should increase to represent around 30% in
2015."

The new Electronics Expertise Center, which will be staffed by a
highly qualified team of more than 100 engineers by the end of the
year and 200 by 2015, will be dedicated to electronic hardware
development and services for all Valeo Group entities. It will also
play a major role in the future development of electronic components
for electric vehicles.

The center will provide electronics engineering services, CAD
(computer-aided design) layout engineering and supplier quality
support for all Valeo product lines. It is equipped with
state-of-the-art hardware test benches, thermal chambers and EMC
(electromagnetic compatibility) test equipment. It will ensure global
around-the-clock engineering services to all Valeo entities, in order
to satisfy the demand of the Group's customers worldwide.

The new center is located within Valeo's Shenzhen production
plant which has just been extended by 5,000 sq.m., enabling it to
significantly increase its production of top column modules, switches
and control panels, and ultrasonic systems.

Valeo has also inaugurated a new wiper systems site in Wenling.
This new production plant of 15,600 sq.m., replacing the former plant
opened in 1994, employs around 800 employees and allows the Group to
significantly increase its production of wiper and washer systems for
its customers in China and worldwide. This facility complements
another Valeo wiper systems site in Shanghai (in partnership with
SAIC - Shanghai Automotive Industry Corporation) and contributes to
Valeo's leadership position in wiper systems worldwide.

Valeo is present in China through its 4 Business Groups -
Powertrain Systems, Thermal Systems, Comfort and Driving Assistance
Systems, and Visibility Systems - as well as the Valeo Service
aftermarket activity. In 2010, the Group employed nearly 8,000 people
in China in 15 production sites, 3 R&D centers, 8 engineering centers
and an aftermarket distribution center.

Valeo is an independent industrial Group fully focused on the
design, production and sale of components, integrated systems and
modules for the automotive industry, mainly for CO2 emissions
reduction. Valeo ranks among the world's top automotive suppliers.
The Group has 109 plants, 20 Research centers, 38 Development
centers, 10 distribution platforms and employs 58,000 people in 27
countries worldwide.

For more information about the Valeo Group and its activities,
please visit our web site http://www.valeo.com

ots Originaltext: Valeo
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For additional information, please contact: Fabienne deBrebisson,
Group Communications Vice-President, Tel. +33-1-40-55-20-65;Christian
Marsais, Group Vice-President Valeo China, Tel.+86-215-17-13-500