HOWELL, Mich., June 27, 2011 /PRNewswire/ — MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm serving some of the world’s leading automotive manufacturers, announced today that it has begun the process of expanding its production and assembly facility in Baroda, to further increase its production capacity.
Based on the rapidly increasing demand for its products and services, the large number of new and upcoming projects and the nature of the industrial projects currently in the last stages of negotiation, MWW is in the process of adding a third complete production line, to its already existing two production lines, increasing the capacity to three complete “Class A” prep, paint and assembly lines. MWW has also increased the length of the two already existing paint lines adding an oversized paint booth and established additional oven capacity for increased production throughput and the processing of oversized components.
To accommodate this increased production capacity, the Company has also placed into operation two new pro mix paint systems for greater color consistency, installed new computerized color matching system and will be launching a second production shift to increase capacity. To stay on the leading edge of production technology and accommodate new customers and processes, the Company has added Waterborne Paint Processing. This new paint system will allow MWW to add products, which require this kind of environmentally friendly paint and processing, to MWW’s product portfolio.
“The increasing number of programs that have been awarded to us along with those still in negotiation for production to begin in the near and midterm future, have made this step necessary,” states Chuck Pinkerton, the CEO of MWW Automotive. “Fortunately we have been preparing for this expansion for some time and have secured the necessary resources, such as the required equipment and skilled personnel far in advance. Accordingly, we are able to get this rather large expansion project up and running without having to spend significant resources and are able to commence production with a 2nd and if necessary 3rd production shift on a second production line quickly and when needed.”
Chuck Pinkerton states further: “We have expedited this expansion in light of our advanced negotiations with our new industrial clients, whose products will not only require oversized production lines, but also a large percentage of our production capacity. We expect to finalize the negotiations and begin with the start-up procedures soon. We will make another announcement about the substantial size of these new projects as soon as we commence with production.”
About MWW Automotive Group
Headquartered in Howell, Michigan, with a “Class A” painting/assembly facilities in Baroda, Michigan, MWW Automotive Group (OTCQB: MWWC) delivers its in-house designed accessory products and Class A painting and assembly services directly to major global automobile and/or their Vehicle Processing Centers (VPC) and assembly lines in the United States, Canada and Europe. The manufacturers and the VPCs install the MWW products in a variety of vehicle types that are delivered to them directly by the domestic and foreign automobile manufacturers for distribution and delivery into the dealer channels in North America. MWW’s industrial products are delivered directly to the manufacturers for installation in their facilities. Noted for its adherence to the highest quality requirements and its advanced logistics capabilities, MWW products meet and exceed customers’ expectations and requirements. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Hyundai, Kia Motors, GM, Ford, Deere and Whirlpool. For more information please visit www.mwwautomotive.com or e-mail investorrelations@mwwautomotive.com.
Safe Harbor Statement: Certain statements in this press release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under “Search for Company Filings.”
