News: USA - ABCO forms remanufacturing business for vehicle components
WABCO Holdings Inc, a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that it has established WABCO Reman Solutions.
Thursday, 22nd July 2010
This operating unit will specialise in remanufacturing electronic and mechatronic components as well as traditional mechanical products for commercial vehicles and passenger cars. WABCO is targeting new revenues in the rapidly growing market for high quality, environmentally friendly remanufactured components.
WABCO Reman Solutions will initially serve original equipment manufacturers and tier-one suppliers of commercial, passenger and agricultural vehicles in Europe and North America while expanding into Asia in due course. Customers continue increasingly to seek cost-effective remanufactured components while also achieving benefits for the environment. WABCO Reman Solutions will remanufacture WABCO components as well as fully connect with original equipment producers to remanufacture their components, further extending WABCO's market reach.
"WABCO Reman Solutions represents an opportunity for significant growth as we will now participate in a $20 billion market which is expected to increase substantially in the coming years," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "Legislation around the world continues to drive higher standards for cleaner, greener vehicles, and at the same time, new commercial vehicles continue to increase their electronic and mechatronic applications as technologies for safety and control systems further advance."
Operating as part of WABCO's aftermarket organization, WABCO Reman Solutions has established remanufacturing facilities in Stanowice, Poland, and Rochester Hills, Michigan, U.S. A. Both factory sites are expected to be operational in September 2010.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 $1.5 billion in 2009, WABCO is headquartered in Brussels, Belgium. For more information, visit the website.