Federal-Mogul Corporation : Federal-Mogul's Innovative IROX® Bearings
Experiencing Significant Market Growth
SOUTHFIELD, Michigan, April 25, 2013.Since launching IROX^® polymer-coated
engine bearings in 2010, Federal-Mogul Corporation's (NASDAQ: FDML) Powertrain
Segment has established an industry-leading position with this innovative
bearing technology. In less than three years, IROX bearings have launched with
four of the largest global OEMs on three continents. IROX is an innovative
polymer-coated engine bearing that enables reduced fuel consumption and CO2
emissions. It withstands high mechanical loads in efficient, heavily boosted
engines and also addresses thelubrication challenges associated with
frequentre-starts found in stop-start engines. In extreme duty applications,
the IROX coating can significantly extend bearing life. IROX has enabled
engine manufacturers to meet the needs of start-stop applications in downsized
engines, and as a result, Federal-Mogul is experiencing significant demand for
this new product.
Federal-Mogul expects to produce more than 70 million IROX bearings annually
beginning in 2016. In North America within the next 3 years, 30 percent of the
new engines assembled will feature IROX bearings, with applications for both
light- and heavy-duty vehicles. To accommodate this dramatic growth, the
company has planned for additional capacity at its manufacturing facilities in
North America, Europe and Asia. "We're extremely pleased with the rapid market
acceptance of IROX by light and commercial global vehicle customers
worldwide," said Richard Llope, senior vice president and general manager,
Bearings and Ignition, Federal-Mogul Powertrain. "IROX is a great example
of how innovation in fundamental base engine components can enhance the
efficiency and reliability of internal combustion engines and support customer
and market requirements for environmental responsiveness. "
IROX was also recently named a winner in the 2013 Automotive News PACE^(TM)
Awards, which recognizes automotive suppliers for superior innovation,
technological advancement and business performance.
Engineering for IROX is conducted at Federal-Mogul's technical facilities in
Wiesbaden, Germany and Plymouth, Michigan and manufactured at several global
Federal-Mogul Corporation (NASDAQ: FDML) is a leading global supplier of
products and services to the world's manufacturers and servicers of vehicles
and equipment in the automotive, light, medium and heavy-duty commercial,
marine, rail, aerospace, power generation and industrial markets. The
company's products and services enable improved fuel economy, reduced
emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business segments, each with a chief
executive officer reporting to Federal-Mogul's Board of Directors.
Federal-Mogul's Powertrain Segment designs and manufactures original equipment
powertrain components and systems protection products for automotive,
heavy-duty, industrial and transport applications. Federal-Mogul's Vehicle
Components Segment sells and distributes a broad portfolio of products through
more than 20 of the world's most recognized brands in the global vehicle
aftermarket, while also serving original equipment vehicle manufacturers with
products including braking, chassis, wipers and other vehicle components. The
company's aftermarket brands include ANCO^® wiper blades; Champion^® spark
plugs, wipers and filters; AE^®, Fel-Pro^®, FP Diesel^® Goetze^®, Glyco^®,
Nüral^®, Payen^® and Sealed Power^® engine products; MOOG^® steering and
suspension parts; and Ferodo^® and Wagner^® brake products.
Federal-Mogul was founded in Detroit in 1899. The company employs 45,000
people in 34 countries, and its worldwide headquarters is in Southfield,
Michigan, United States. For more information, please visit
# # #
Steve Gaut (248) 354-7826 for media questions
Federal-Mogul's IROX® Polymer-Coated Engine Bearing
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Source: Federal-Mogul Corporation via Thomson Reuters ONE
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