Wabco Completes Joint Venture Agreement with Fuwa
Wabco Holdings has completed its agreement with Guangdong Fuwa Heavy Industry Co. to form a joint venture for production of air disc brakes in China
Wabco Holdings has completed its agreement with Guangdong Fuwa Heavy Industry Co. to form a joint venture for production of air disc brakes in China.
Fuwa is a manufacturer of commercial trailer axles in China and the world.
Wabco will have a 70 percent holding and Fuwa will have a 30 percent holding in the joint venture, which will be located at Fuwa's newly established manufacturing facility in Taishan, Guangdong, China. The venture will encompass manufacturing, assembly and testing of air disc brakes for commercial trailers. Financial details are not being disclosed.
"This partnership enables Wabco to offer its latest-design air disk brakes with competitive advantages such as single-piston technology, light-weight design, and high performance at lowest weight to Fuwa and other commercial vehicle manufacturers," said Wu Zhiqiang, President of Fuwa.
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