WABCO Holdings Inc. announced it has reached a strategic agreement with China National Heavy Truck Corporation (CNHTC), the largest heavy-duty truck maker in China, to supply air management products, braking systems including anti-lock braking, and transmission control products.
WABCO has been a supplier to CNHTC since 1997 and the new agreement, said to be worth several hundred million U.S. dollars in cumulative sales, extends the relationship through 2016. The new agreement also makes WABCO the sole supplier of automated manual transmission (AMT) systems to CNHTC, which is the first OEM in the world to use AMT in volume production.
“Over the past decade, WABCO has transformed from a European export company into a global organization that successfully adapts to the requirements of the Chinese market,” said Cai Dong, CNHTC President. “WABCO’s local management team also has the ability to rapidly align sourcing and manufacturing capabilities with market conditions in China, further enhancing the flexibility, cost effectiveness and value that WABCO offers CNHTC.”
Added Jacques Esculier, WABCO CEO: “We are proud to be chosen by China’s largest truck maker as their long term partner in a highly competitive market. Partnering with CNHTC confirms our strategy of pursuing technology leadership while globalizing our capabilities in engineering, sourcing and manufacturing. CNHTC also recognizes WABCO as a local manufacturer, focused on local customer needs and powerfully connected to the Chinese market.”
