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WABCO Reman Solutions Expands Global Capability; Becomes First and Only Licensed Supplier in China to Remanufacture Air Compressors for Commercial Vehicles

Jun 17 2013 12:00AM

Marketwire

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BRUSSELS, BELGIUM and AMSTERDAM, THE NETHERLANDS -- (Marketwired) -- 06/17/13 -- 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 continues to expand its global remanufacturing capability as the company has recently been granted a license by Chinese authorities to remanufacture air compressors in China for commercial and off-highway vehicles. WABCO is the first and only supplier in China authorized to conduct this type of remanufacturing activity.

WABCO made this announcement in Amsterdam at ReMaTec 2013, a leading global trade exhibition for remanufacturing in the automotive and heavy-duty vehicle industry.

WABCO Reman Solutions is remanufacturing air compressors locally for China National Heavy Truck Corporation (CNHTC) and for WABCO's customers in the independent aftermarket in China. WABCO expects to expand its remanufacturing scope in China to add other products, subject to government approvals.

Formed in 2010, WABCO Reman Solutions specializes in remanufacturing electronic and mechatronic components as well as traditional mechanical products made by WABCO and other manufacturers. WABCO's remanufactured products serve original equipment makers as well as tier-one and tier-two suppliers in North America, Europe and China.

"We are proud to be the first supplier in China with a unique capability to remanufacture compressors for heavy-duty vehicles using pneumatic braking systems," said Sujie Yu, General Manager, WABCO China. "Our ability to leverage WABCO's technical knowledge and remanufacturing experience from other areas of the world further differentiates WABCO in China as we successfully continue to anticipate and meet the diverse and dynamic needs of existing and new customers."

"Obtaining our industry's first license to remanufacture air compressors in China is a major milestone for WABCO Reman Solutions as it extends our offering across North America, Europe and China," said Salvador Munoz Zarate, Global Product Line Leader, WABCO Reman Solutions. "Customers increasingly value our growing global footprint as it further differentiates WABCO as a provider of solutions for end-of-life product management and remanufacturing while also enabling environmental sustainability."

WABCO Reman Solutions has facilities in Rochester Hills, Michigan, U.S.A.; Stanowice, Poland; and Jinan, China. It also operates a joint venture facility in Mexico.

About WABCO

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



Contacts:
Media contacts:
Tobias Mueller
+49 69 7191 6834
tobias.mueller@klenkhoursch.de

Dick Pacini
+1 248 276 1970
dpacini@millerschingroup.com

Investors and analysts contact:
Christian Fife
+1 732 369 7465
christian.fife@wabco-auto.com





Source: Marketwire