WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

August 19, 2015 02:00 ET

WABCO Enters Into Long-Term Supply Agreements With New Customer Based in China; Supports JMCH to Expand Into Heavy-Duty Truck Segment

BRUSSELS, BELGIUM--(Marketwired - Aug. 19, 2015) - WABCO (NYSE:WBC) (www.wabco-auto.com), a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles, today announced that it has entered into several long-term supply agreements with JMCH, a new customer and an established major truck manufacturer based in China that is expanding into the heavy-duty truck segment.

WABCO's new business involves wheel-end solutions, including air-disc brakes, as well as conventional brake valves, other brake components and clutch servo technology. WABCO will support two new and separate platforms for the customer's different brands of medium- and heavy-duty trucks. Series production is planned to begin in three years for the Chinese market and expected export to Southeast Asia. WABCO China further differentiated its offering for this customer through highly cost-effective wheel-end solutions specially designed to satisfy local market requirements.

Among other vehicle safety and efficiency technologies, WABCO will supply JMCH with industry-leading MAXX™ air disc brakes (ADB) - the industry's lightest and highest performing single-piston ADB for commercial vehicles. Superbly engineered and compactly designed, WABCO's MAXX air disc brake technology fits any wheel size from 17.5 to 22.5 inches across light-, medium- and heavy-duty applications for trucks, buses and trailers. As a result, WABCO's game-changing MAXX braking technology fits virtually every wheel size of commercial vehicles around the globe.

In addition to utilizing its world-class engineering and production capabilities in China, WABCO is serving JMCH by leveraging WABCO's global engineering, supply chain and manufacturing resources in Europe, Turkey and Brazil. Located in Taiyuan, in Shanxi province, JMCH is a wholly owned subsidiary of Jiangling Motors Corporation.

"WABCO is proud to become JMCH's new supplier of choice as we had fully anticipated their vehicle safety and efficiency needs for their different platforms serving the Chinese market and other potential economies in Southeast Asia," said Sujie Yu, WABCO Vice President, Asia Pacific. "WABCO is further differentiated by delivering the most cost-effective solutions at industry-leading standards for quality, reliability and service to help improve the competitiveness of our customer's own range of products, particularly as they enter the heavy-duty segment."

"Winning this new business further demonstrates how WABCO creates a world of difference for customers through technology leadership, global engineering and manufacturing, and excellence in execution in the face of diverse and dynamic market demands," said Yu.

About WABCO

WABCO (NYSE:WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world's leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit www.wabco-auto.com.

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