WABCO Wins New Brake Actuator Business; Leverages Engineering in India and
Factory in Thailand to Help Major European Truck Maker to
Further Expand in Southeast Asia
BRUSSELS, BELGIUM -- (Marketwired) -- 08/14/14 -- 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 it has been awarded a new long-term
agreement by a major manufacturer of commercial vehicles
headquartered in Europe. WABCO will supply brake actuator
technologies for a new truck platform that will enter into new
markets in Southeast Asia. Series production is expected to begin in
2016 at the customer's plant in Thailand.
Superbly designed by WABCO engineers in India, these brake actuators
have been optimally adapted for the customer's local product
applications in the region of Southeast Asia. In addition, WABCO
engineers in India successfully address regulations requiring locally
produced content value in this region.
At the same time, WABCO will supply its products from its factory in
Rayong, Thailand. Opened in 2013, it is WABCO's newest factory within
its global manufacturing network in 11 countries on 4 continents.
Even though newly inaugurated, WABCO's factory in Rayong already
delivers superlative quality through zero defects for every million
"This new long-term contract demonstrates how we have further
leveraged the global power of WABCO through outstanding engineering
and design capabilities in India combined with newly established
world-class manufacturing capacity located in Thailand," said Leon
Liu, WABCO President, Truck, Bus & Car Original Equipment
Manufacturers (OEMs) Division. "What differentiates WABCO is the
power of our globalization and, as anticipated, we are helping a
major European commercial vehicle maker to further expand its success
in Southeast Asia."
In addition, under the extension of an existing long-term agreement,
WABCO's factory in Rayong will continue through 2021 to equip the
customer's standardized medium- and heavy-duty truck platform, which
is manufactured at its plants in Thailand, India and China.
WABCO has a well-established relationship with this customer in
Europe, India, Japan, and North and South America.
electronic control systems and solutions for braking, engine
transmission and chassis applications that improve vehicle safety and
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.
+49 89 470 277-112
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