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COOPER STANDARD AUTOMOTIVE OPENS NVH CONTROL SYSTEMS MANUFACTURING FACILITY IN KUNSHAN, CHINA

Novi Michigan, November 1, 2004 - Cooper Standard Automotive, a global supplier of automotive components, has begun operations in Kunshan, China for the manufacture and sales of automotive NVH control systems. The company will soon break ground for an expanded manufacturing, research and development facility in the city.

Cooper Standard Automotive is running current Chinese NVH operations in an existing facility in Kunshan. Construction of an expanded manufacturing facility which will include research and development operations will begin soon with completion scheduled for the 4th quarter of 2005. Full manufacturing will start at the end of 2005. This new facility will offer Cooper Standard's complete product portfolio of engine mounts, body mounts, bushings and other NVH control systems components. In addition to manufacturing, the company intends to establish full product development capability at this location to serve the Chinese automotive market and Asia in general.

The Kunshan location was chosen for its excellent logistics, the availability of qualified materials suppliers as well as the pool of readily available workers. The facility will be located in the China Kunshan Economic & Technical Development Zone in the eastern part of the Jiangsu Province. This operation is strategically located near the heart of the Chinese automotive market.

With the launch of this operation, Cooper Standard brings over 40 years automotive experience in the manufacturing of NVH control systems components to the Chinese automotive market. "The Kunshan facility is an important element of our ongoing Asian strategy," said Jim McElya, president of Cooper Standard Automotive. "We are now positioned to launch our NVH business in Asia to serve the component needs of our Chinese customers and other global OEM customers," he said.


About Cooper-Standard Automotive
Cooper-Standard Automotive Inc., headquartered in Novi, Mich., is a leading global automotive supplier specializing in the manufacture and marketing of systems and components for the automotive industry. Products include body sealing systems, fluid handling systems, and NVH control systems. Cooper-Standard Automotive Inc. employs approximately 19,000 people globally with more than 70 facilities throughout the world. For more information, visit the company's Web site at: www.cooperstandard.com.

Cooper-Standard is a privately-held portfolio company of The Cypress Group and Goldman Sachs Capital Partners Funds.

The Cypress Group is a private equity investment firm managing more than $3.5 billion of capital. Cypress has an extensive track record of making growth-oriented investments in targeted industry sectors and building equity value alongside proven management teams.

Founded in 1869, Goldman Sachs is one of the oldest and largest investment banking firms. Goldman Sachs is also a global leader in private corporate equity and mezzanine investing. Established in 1991, the GS Capital Partners Funds are part of the firm's Principal Investment Area in the Merchant Banking Division. Since 1986, Goldman Sachs' Principal Investment Area has formed 13 investment vehicles aggregating $56 billion of capital to date.




 


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