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TAKATA LAYS CORNERSTONE OF €68.3M SAFETY PARTS PLANT IN HUNGARY

2014-03-14

Latest Step Toward Realizing Takata’s Dream of a World Without Traffic Fatalities

Nearly 1,000 employees at Takata Safety Systems Hungary Kft. will soon begin to produce lifesaving automotive technology at a new, state-of-the-art production facility in Miskolc. Hungarian Prime Minister Viktor Orbán and Takata Chairman and CEO Shigehisa Takada led the groundbreaking ceremony for the new 50.000 square meter facility, which will produce complete airbag modules and airbag components for car manufacturers across Europe.

Mr. Takada thanked representatives of the Hungarian government and the City of Miskolc for welcoming Takata to one of Hungary´s historical centers of manufacturing excellence.

“The airbag systems and other safety equipment you will make here will play a crucial role in maintaining our superlative quality as we meet the growing, global demand for lifesaving automotive safety systems,” Mr. Takada said.

“This facility will greatly strengthen our supply structure in Europe and help us meet the needs of our customers.”

“Our employees have produced hundreds of millions of airbags and other safety systems that have saved the lives of tens of thousands of people and prevented hundreds of thousands of serious injuries in traffic accidents,” Mr. Takada added. “We never lose sight of our dream of a world in which there are zero fatalities from traffic accidents.”

Takata Safety Systems Hungary Kft. was established in October, 2013. Its new plant is Takata´s first in Hungary and its 23rd in Europe. The facility will feature state-of-the-art systems for product development, testing, quality control and customer service.

Operations are scheduled to start in October, 2014.

About Takata:

Takata Corporation (“Takata”) is a leading global supplier of automotive safety systems, (products include steering wheels, airbag systems, seat belts, electronics, sensors, interior trim, child restraint systems) and supplies all major automotive manufacturers in the world. It is currently operating 56 plants in 20 countries with more than 36.150 employees. The headquarters are located in Tokyo (Japan).