PHINIA INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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Item 2. Properties
As of December 31, 2023, the Company had 24 principal manufacturing, assembly and technical facilities worldwide, including our global headquarters and excluding unconsolidated joint venture and administrative offices. Our global headquarters is located in a leased facility in Auburn Hills, Michigan. In general, we believe our facilities to be suitable and adequate to meet our current and reasonably anticipated needs and do not anticipate difficulty in renewing existing leases as they expire or finding alternative facilities.
The Company, its subsidiaries and affiliates operate principal manufacturing, assembly and technical facilities in the following regions:
| Americas | Europe | Asia | Total | |
|---|---|---|---|---|
| Number of principal manufacturing, assembly and technical facilities(1) | 8 | 10 | 6 | 24 |
(1)Excludes unconsolidated joint venture and administrative offices.
Of the 24 facilities, 16 are leased sites, four of which contain Company-owned building and infrastructure with land lease contracts.
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