Takata and L&T Technology Services Establish Global Engineering Service Center in India

Mumbai, India, February 01, 2013 - L&T Technology Services inaugurated the new Global Engineering Service Center (GESC) in Chennai, India. Through this GESC, Takata continues to demonstrate its commitment to true globalization to best serve its worldwide customers through safety systems innovations and reducing time-to-market.

Over the next five-years, the GESC will focus on expansion and optimization of the facility to provide value, efficiency and support making it an advance Global Development Centre for Takata. During that period, L&T Technology Services will provide mechanical and electronics engineering services for Takata technical centers located in Japan, the United States and Germany . The center will enhance global engineering research and development capabilities for next-generation automobile occupant safety and protection systems.

While speaking on the occasion, Mr Claus Rudolf, Executive Vice President, Global Engineering, TAKATA, said, “We are continuously looking on a global basis to strengthen our commitment to improve and innovate engineering in automobile safety systems. What we are announcing here today in Chennai moves us closer to our dream of one day achieving a society with zero fatalities from traffic accidents.”

Acknowledging the new GESC as a one-of-a-kind in the specialized category of passenger safety equipment and processes, Dr. Keshab Panda, Chief Executive of L&T Technology Services said, “We are proud of this strategic global partnership . We appreciate Takata’s vision of one day eliminating fatalities from traffic accidents and their initiative for a progressive future,” Panda continued. “We are glad to partner with Takata through this venture and look forward to unified growth in the years ahead.”

■ Takata Corporation

•  Company name                   Takata Corporation
•  Founded                              1933
•  Head office                          Akasaka 2-12-31, Minato-ku, Tokyo, Japan
•  Representative                    Shigehisa Takada, President & COO
•  Capital                                 ￥41,862 million (as of March 2012)
•  Sales                                   ￥382,737 million (FY ended March 2012)
•  Employees                           36,858 (consolidated, as of March 2012)
•  Global network                     53 plants in 20 countries spanning Japan, Asia, Europe and the Americas
•  Main business                      Manufacture and sale of automotive seat belts, airbags, steering wheels, interior trim, fabrics and child restraint systems

Larsen & Toubro:

Larsen & Toubro is a USD 13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. It is ranked 4th in the global list of Green Companies by the reputed international magazine Newsweek, and ranked the world’s 9th Most Innovative Company by Forbes International. L&T is one of the largest and most respected companies in India’s private sector. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.

For additional information,

For Takata:

John Casey, jcasey@caseypr.com, (248) 935-2911, or

Alby Berman, Alby.Berman@Takata.com