WABCO Reman Solutions Named 'Most Popular Remanufacturer' in China; Continues
as First and Only Licensed Supplier in China to
Remanufacture Air Compressors for Commercial Vehicles
BRUSSELS, BELGIUM AND SHANGHAI, CHINA -- (Marketwired) -- 07/30/14 --
WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), a leading
global supplier of technologies to improve the safety and efficiency
of commercial vehicles, today announced that its Remanufacturing
Solutions business has been named "Most Popular Remanufacturer" by
the China Association of Remanufacturing (CAR) in association with
Duxes, a leading remanufacturing consulting firm based in Shanghai.
The award, which was presented recently at a ceremony in Shanghai
attended by dignitaries from CAR and the Chinese National Development
and Reform Commission, among other government and industry officials,
recognizes WABCO Reman Solutions' well established local presence in
China as well as the company's significant contributions to support
the continued growth of China's remanufacturing industry.
As previously disclosed in June 2013, WABCO was granted a license by
Chinese authorities to remanufacture air compressors in China for
commercial and off-highway vehicles, the first and only supplier in
China authorized to conduct this type of remanufacturing activity.
WABCO Reman Solutions in China is remanufacturing air compressors for
China National Heavy Truck Corporation (CNHTC) and customers in the
independent aftermarket, among other vehicle manufacturers and
Separately, as reported in January 2014, WABCO Reman Solutions was
named "Heavy Duty Remanufacturer of the Year" by the Heavy Duty
Remanufacturers Group of the Automotive Parts Remanufacturers
Association based in the United States. The organization recognized
WABCO Reman Solutions for demonstrating the highest level of
leadership and vision in the industry, including dedication to
quality and innovation; outstanding customer service; technical
excellence across a diverse product portfolio, and global
"We are honored to receive this top Chinese remanufacturing industry
distinction," said Sujie Yu, WABCO Vice President, Asia-Pacific and
Business Leader, China. "The award recognizes WABCO's ability to
successfully deploy world-class remanufacturing processes and
standardized quality at our facilities to further differentiate WABCO
in China. We expect to expand our remanufacturing scope and product
"Receiving this major remanufacturing industry award in China marks
yet another major milestone for WABCO Reman Solutions as we extend
our value-based offering of high quality and diverse products," said
Salvador Munoz-Zarate, WABCO Reman Solutions Global Business Leader.
"Customers increasingly value our growing global footprint in key
markets such as Asia, Europe and North America. It further
differentiates WABCO as a provider of solutions for end-of-life
product management and remanufacturing while also enabling
Formed by WABCO in 2010, WABCO Reman Solutions specializes in
remanufacturing electronic and mechatronic components, as well as
traditional mechanical products that are made by WABCO and other
manufacturers. WABCO's remanufactured products serve original
equipment manufacturers as well as tier-one and tier-two suppliers on
a global basis. WABCO Reman Solutions has facilities in Rochester
Hills, Michigan, USA; Stanowice, Poland; Jinan, China; and a joint
operation in San Luis Potosi, Mexico.
Press photo caption: Press photo caption: Steven Guo (R), WABCO China
Aftermarket Leader receives the Most Popular Remanufacturer Award on
behalf of WABCO Reman Solutions from the president of Duxes, James
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 $2.7 billion in 2013, WABCO is headquartered in Brussels, Belgium.
For more information, visit www.wabco-auto.com.
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