WABCO Wins Major Contract for Braking Systems From KAMAZ, Russia's Largest Manufacturer of Commercial Vehicles
July 07 2009 - 6:00AM
PR Newswire (US)
BRUSSELS and MOSCOW, July 7 /PRNewswire-FirstCall/ -- WABCO
Holdings Inc. (NYSE:WBC) (http://www.wabco-auto.com/), a global
technology leader and tier-one supplier to the commercial vehicle
industry, today announced that WABCO was awarded a major contract
to supply anti-lock braking systems (ABS) to KAMAZ, the largest
manufacturer of commercial vehicles in the Russian Federation. In
addition, KAMAZ has contracted WABCO to supply air disc brakes and
actuators for their commercial vehicles. One out of every two
trucks produced in Russia and the Commonwealth of Independent
States is made by KAMAZ, who WABCO has been supplying since 1992.
In addition to anti-lock braking systems, WABCO currently provides
KAMAZ with electronically controlled air suspension systems as well
as components for braking and gear box control. KAMAZ exports a
quarter of its production of commercial vehicles to more than 50
countries in Europe, the Middle East, Africa and Latin America. "As
a market leader, we value WABCO's ability to provide high quality
products while successfully adapting to the requirements of our
domestic and export markets," said Rishat Nafikovich Kaviev, KAMAZ
Purchasing Director. "WABCO understands and anticipates our needs.
WABCO's performance further strengthens our own quality system and
helps make KAMAZ a better competitor in the global commercial
vehicle industry." "We are proud to be chosen by Russia's largest
manufacturer of heavy duty trucks, buses and trailers as their main
supplier for ABS on commercial vehicles," said Jean-Christophe
Figueroa, WABCO Vice President, Vehicle Dynamics and Control. "Our
long-standing partnership with KAMAZ confirms our strategy of
continued technology leadership while expanding globally and
delivering customer satisfaction on a continual basis. This major
new contract demonstrates WABCO's track record and capability of
deeply understanding the specific needs of emerging markets." About
WABCO WABCO Vehicle Control Systems (NYSE:WBC) is a leading
supplier of safety and control systems for commercial vehicles. For
over 140 years, WABCO has pioneered breakthrough electronic,
mechanical and mechatronic technologies for braking, stability, and
transmission automation systems supplied to the world's leading
commercial truck, trailer, and bus manufacturers. With sales of USD
2.6 billion in 2008, WABCO is headquartered in Brussels, Belgium.
For more information, visit http://www.wabco-auto.com/ Media
contact Tobias Mueller, +49-69-7191-6834, Investors and financial
analysts contact Jason Campbell, +1-732-369-7477, DATASOURCE: WABCO
Holdings Inc. CONTACT: Media contact: Tobias Mueller,
+49-69-7191-6834, ; Investors and financial analysts contact: Jason
Campbell, +1-732-369-7477,
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