WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

March 25, 2015 10:00 ET

WABCO Invests $17 Million in New U.S. Manufacturing Facility in Charleston, S.C.; Localizes Air Disc Brake Production to Meet Increasing Customer Demand in North America

- Builds New 145,000-square-foot Facility and Will Relocate from Existing Production Site

- New Facility Will Produce Air Compressors, Air Disc Brakes, and other Components for Customers in North America

- Helps Sustain 175 Existing Jobs and Create Over 50 New Jobs

BRUSSELS, BELGIUM and LOUISVILLE, KENTUCKY--(Marketwired - March 25, 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, will expand its manufacturing capabilities in North America. The company will invest $17 million to build a state-of-the-art manufacturing site in Charleston, South Carolina (USA) to meet increasing customer demand for its advanced air disc brakes (ADB), energy-efficient air compressors and related systems.

Earlier today, WABCO announced that it had signed a long-term supply agreement with Hendrickson Trailer Commercial Vehicle Systems to provide an advanced air disc brake (ADB) system for trailers in North America. As part of the agreement, WABCO will launch its innovative MAXX22T™, the most optimized ADB system for trailer applications in the region. The new system combines WABCO's leading braking technologies with Hendrickson's premier medium- and heavy duty suspension and axle systems. The company made the announcement at the 2015 Mid-America Trucking Show (MATS) held in Louisville, Kentucky (USA).

Responding to increasing customer demand, WABCO will localize its air disc brake production in the United States while continuing to manufacture air compressors, actuators, and other braking system components in Charleston. WABCO started to manufacture air compressors in South Carolina in 1996.

Construction of the new, 145,000-square-foot facility is expected to be completed by the end of the year. The company will then relocate from its exiting Charleston site to the new facility. WABCO anticipates the new production facility to be fully operational by the first quarter of 2016. The company's investment is expected to create more than 50 new jobs and help sustain approximately 175 existing jobs.

"In 2014, we have experienced significant growth in North America and are excited to expand our manufacturing capabilities in the United States to better serve our local customers," said Nik Varty, WABCO President, Americas. "For the first time, we will localize the production of our advanced air disc brakes which will allow us to continue to capitalize on the dynamic growth opportunities of the North American market place."

WABCO at MATS 2015

Booth 32805 in the South Wing, Kentucky Exposition Center, Louisville, Kentucky, March 26-28, 2015

Meritor WABCO Ride-N-Drive

OnGuard collision mitigation system and OnLane departure warning "Ride-N-Drive," March 26-28, 2015. Interested parties may sign up for the demonstration at WABCO booth 32805.

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.

About Meritor WABCO

Meritor WABCO is a North American joint venture focused on the development and delivery of proven, integrated safety technology and efficiency components. These include braking systems and controls, active safety systems, and suspension and control systems for commercial vehicles in North America. Two leading parent companies back Meritor WABCO, each with more than 100 year legacies. Meritor, Inc. (NYSE:MTOR), a supplier of drivetrain, mobility, braking and aftermarket solutions for commercial vehicle and industrial markets, provides Meritor WABCO the industry's most extensive service and support network; while WABCO Holdings, Inc. (NYSE:WBC), is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles, pioneering breakthrough electronic, mechanical and mechatronic technologies for braking, collision mitigation, stability control and transmission automation systems. For more information, visit www.meritorwabco.com.

Contact Information