Press release from Marketwire
WABCO Expands Relationship with Mercedes-Benz do Brasil, One of the Largest Makers of Commercial Vehicles in South America; Will Supply Air Processing Technology for Truck Braking Systems
Wednesday, October 16, 2013
WABCO Expands Relationship with Mercedes-Benz do Brasil, One of the Largest Makers of Commercial Vehicles in South America; Will Supply Air Processing Technology for Truck Braking Systems07:00 EDT Wednesday, October 16, 2013
BRUSSELS, BELGIUM and SÃO PAULO, BRAZIL--(Marketwired - Oct. 16, 2013) - WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that WABCO has further expanded its relationship with Mercedes-Benz do Brasil, one of the largest manufacturers of commercial vehicles in South America. WABCO will furnish air processing technology, on a sole supplier basis, to equip braking systems across Mercedes-Benz do Brasil's platforms of medium- and heavy-duty trucks. Series production is expected to start in the fourth quarter of 2014.
This long-term agreement represents new incremental business for WABCO with Mercedes-Benz do Brasil. It comprises air processing technology that is highly robust and reliable, protecting the braking system and improving vehicle safety. WABCO will supply Mercedes-Benz do Brasil from its world-class manufacturing facility located in Sumaré, Brazil.
"This major new business with Mercedes-Benz do Brasil further demonstrates how WABCO continues to deliver a world of difference through technology innovation, global connectivity, quality and service excellence," said Reynaldo Contreira, WABCO South America Business Leader. "As Mercedes-Benz do Brasil's sole supplier of air processing technology for braking systems for all of their medium- and heavy-duty trucks, we again show our ability to increase adoption of WABCO products, resulting in a higher value of WABCO content per vehicle."
WABCO supplies Mercedes-Benz do Brasil with conventional and advanced technologies for air compression, braking, suspension and transmission automation to support truck and bus production at two manufacturing sites. WABCO furnishes Mercedes-Benz's plant in São Bernardo do Campo, its largest commercial vehicle factory outside of Germany. WABCO also supplies Mercedes-Benz at its Juiz de Fora plant.
Mercedes-Benz do Brasil is the South American subsidiary of the Daimler Group, and Latin America's biggest manufacturer of commercial vehicles.
WABCO is South America's market leader for ABS, electronic stability control (ESC), conventional brake systems, air management systems, transmission automation controls and other safety and efficiency technologies. Established in 1980 and headquartered in Sumaré, near São Paulo, WABCO South America also serves as a major hub in the manufacturing and sales network of WABCO worldwide. It has a world-class production facility and a distribution center in the Campinas region. WABCO South America employs more than 500 people in product and applications engineering, sales, aftermarket service, supply chain management and manufacturing.
|WABCO at FENATRAN 2013 in São Paulo|
|Convention Center Anhembi|
|Hall Location: Official Press Conference Room|
|October 28 to November 1, 2013|
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 $2.5 billion in 2012, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com.
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