LUCKNOW, India, September 3, 2014 – WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies to improve the safety and efficiency of commercial vehicles, inaugurated today its fifth manufacturing facility in India, located in Lucknow. WABCO’s extended network in India helps both local and global commercial vehicle manufacturers to further grow their domestic and export business.
WABCO’s latest plant inauguration demonstrates the company’s continued ability to anticipate and align with the requirements of its customers in India through the supply of just-in-time, first-rate engineered, locally adapted safety and efficiency technologies for trucks and buses built in India. At Lucknow, WABCO will manufacture advanced technologies, including anti-lock braking systems (ABS), actuators and a range of braking valves for multiple global commercial vehicle makers operating in India.
WABCO’s new plant in Lucknow expands the company’s world-class manufacturing capacity in India beyond its four existing plants: two in Chennai, one in Jamshedpur and another in Pantnagar. The company’s new 11-acre (40,500 sq. meters) facility provides employment for around 150 people to-date. WABCO expects to employ an estimated 300 persons when this factory reaches its full production capacity by the end of 2015.
“Our new factory in Lucknow enables WABCO to further strengthen its partnership with commercial vehicle manufacturers operating in India while further enhancing the leading market position of WABCO INDIA,” said Mr. Jacques Esculier, WABCO Chairman and Chief Executive Officer. “This plant marks yet another milestone in the successful expansion of WABCO’s manufacturing network in India and worldwide. It is another industry-leading example of the lean manufacturing system which further differentiates WABCO globally.”
“As a strategic Tier 1 supplier, WABCO continues to support Tata Motors in the development and delivery of world-class, innovative technologies that help improve the safety and efficiency of Tata trucks and buses on India’s roads,” said Mr. Rajnish Julka, Plant Head - Lucknow, Tata Motors Limited, at the inauguration ceremony. “WABCO’s outstanding performance in product quality and excellence in execution continues to contribute to an enduring partnership that now spans five decades.”
“WABCO’s continuous investment in local engineering and manufacturing capabilities demonstrates our long-standing commitment to anticipate and fulfill the diverse and dynamic needs of truck and bus manufacturers in India, while continually delivering products and services that meet or exceed world-class standards of quality,” said Mr. P. Kaniappan, Vice President, WABCO INDIA.
Pictured here (from left to right): Mr. Rajnish Julka, Plant Head- Lucknow, Tata Motors Limited; Jacques Esculier, Chairman and CEO, WABCO; P. Kaniappan, Vice President , WABCO INDIA; Leon Liu, President, Truck, Bus and Car OEMs Division, WABCO; Mr. Vijeyandra Pandian, Indian Administrative Service and Additional Managing Director, Uttar Pradesh State Road Transport Corporation.
About WABCO INDIA
WABCO INDIA designs, manufactures and markets conventional braking products, advanced braking systems, and other related air-assisted products and systems. Over the past 50 years, the company has grown significantly in the Indian commercial vehicle market. WABCO INDIA serves its aftermarket customers through a wide national distribution network. With five world-class manufacturing facilities, two application engineering centers, a software design center, and a company-owned test track in India, WABCO INDIA excels in engineering and manufacturing. WABCO INDIA employs over 3,200 persons and reported Rs. 1138 Crores ($200 million) in sales in fiscal year 2013-14. For more information visit www.wabco-auto.com/en/wabcoindia/home
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 $2.7 billion in 2013, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com
Suryakanta Dash, +91 9884042193, firstname.lastname@example.org
Tobias Mueller, +49 89 470 277 112, email@example.com
Investors and analysts contact
Christian Fife, +1 732 369 7465, firstname.lastname@example.org