WABCO Reman Solutions Expands Global Capability; Becomes First and Only
Licensed Supplier in China to Remanufacture Air Compressors for
BRUSSELS, BELGIUM and AMSTERDAM, THE NETHERLANDS -- (Marketwired) --
06/17/13 -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a
global technology leader and tier-one supplier to the commercial
vehicle industry, today announced that WABCO continues to expand its
global remanufacturing capability as the company has recently been
granted a license by Chinese authorities to remanufacture air
compressors in China for commercial and off-highway vehicles. WABCO
is the first and only supplier in China authorized to conduct this
type of remanufacturing activity.
WABCO made this announcement in Amsterdam at ReMaTec 2013, a leading
global trade exhibition for remanufacturing in the automotive and
heavy-duty vehicle industry.
WABCO Reman Solutions is remanufacturing air compressors locally for
China National Heavy Truck Corporation (CNHTC) and for WABCO's
customers in the independent aftermarket in China. WABCO expects to
expand its remanufacturing scope in China to add other products,
subject to government approvals.
Formed in 2010, WABCO Reman Solutions specializes in remanufacturing
electronic and mechatronic components as well as traditional
mechanical products made by WABCO and other manufacturers. WABCO's
remanufactured products serve original equipment makers as well as
tier-one and tier-two suppliers in North America, Europe and China.
"We are proud to be the first supplier in China with a unique
capability to remanufacture compressors for heavy-duty vehicles using
pneumatic braking systems," said Sujie Yu, General Manager, WABCO
China. "Our ability to leverage WABCO's technical knowledge and
remanufacturing experience from other areas of the world further
differentiates WABCO in China as we successfully continue to
anticipate and meet the diverse and dynamic needs of existing and new
"Obtaining our industry's first license to remanufacture air
compressors in China is a major milestone for WABCO Reman Solutions
as it extends our offering across North America, Europe and China,"
said Salvador Munoz Zarate, Global Product Line Leader, WABCO Reman
Solutions. "Customers increasingly value our growing global footprint
as it further differentiates WABCO as a provider of solutions for
end-of-life product management and remanufacturing while also
enabling environmental sustainability."
WABCO Reman Solutions has facilities in Rochester Hills, Michigan,
U.S.A.; Stanowice, Poland; and Jinan, China. It also operates a joint
venture facility in Mexico.
WABCO (NYSE:WBC) is a leading global supplier of technologies and
control systems for the safety and efficiency of commercial vehicles.
Founded nearly 150 years ago, WABCO continues to pioneer breakthrough
electronic, mechanical and mechatronic technologies for braking,
stability and transmission automation systems supplied to the world's
leading commercial truck, bus and trailer manufacturers. With sales
of $2.5 billion in 2012, WABCO is headquartered in Brussels, Belgium.
For more information, visit www.wabco-auto.com
+49 69 7191 6834
+1 248 276 1970
Investors and analysts contact:
+1 732 369 7465
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