Haldex, Kansas City, Mo., announced it has signed a license and manufacturing agreement with a subsidiary of ASIMCO Technologies Ltd., located in Beijing, China, to manufacture a new Haldex designed twin-cylinder compressor.

Haldex will market and service its new compressor in markets outside China.
Initial deliveries of the compressor from Haldex to a major global customer will begin in late 2005 as previously announced. The arrangement allows the partners to combine the strengths of ASIMCO’s position as the leading manufacturer of vehicle compressors in China with the capabilities of Haldex in product development, sales and after sales service. The partnership provides customers an economical, modern compressor design of high quality and capabilities.
With the highest drive-through torque capacity and highest turbo-charged inlet pressure capability in the industry, the new high output twin-cylinder compressor is designed to meet the most demanding present and future requirements of the commercial vehicle industry.
Haldex is headquartered in Stockholm, Sweden.
For more information, go to www.haldex.com.