BRUSSELS, Belgium / SAO PAULO, Brazil – July 8, 2008 – WABCO Holdings Inc. (NYSE: WBC) today announced that WABCO has been honored with a supplier award for “Commercial Excellence 2007” by Volkswagen (VW) Commercial Vehicles in Brazil where VW’s global headquarters for its truck and bus division are located.
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From left to right: Luiz Alvarez, VWCO Brazil Supply Office Manager; Reynaldo Contreira, WABCO South America Business Leader; Roberto Cortes, VWCO Brazil CEO; Alexandre Cury, VWCO Brazil Purchasing Manager, at VWCO’s Supplier Day award ceremony in Sao Paulo. |
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This award distinguishes WABCO for its commercial contribution throughout 2007 when worldwide sales of heavy duty commercial vehicles manufactured at VW’s factory in Resende increased by more than 26 percent to over 47,000 units. The only division of the VW group that manufactures trucks and buses, VW’s Brazilian subsidiary, Volkswagen Caminhões e Ônibus (VWCO), also continued its local market leadership in 2007.
WABCO began supplying VW Commercial Vehicles in Brazil in 1981 and currently provides air brake system devices such as compressors, brake actuators and control valves. The VW “Commercial Excellence 2007” award was presented to Reynaldo Contreira, WABCO South America Business Leader.
“Our commercial excellence award recognizes suppliers that have contributed most to keep VW on its track of continuous growth in all markets,” said Alexandre Cury, VWCO Brazil Purchasing Manager. “Making their facilities as flexible and competitive as possible, fast response time, and good commercial partnership are the fundamentals of this award for WABCO.”
“The long-term relationship between VW and WABCO shows the high level of partnership between our companies. WABCO and VW share the same definition of excellence, encompassing quality, product reliability, durability, innovative development, and market competitiveness,” said Paulo Alleo, VWCO Executive Director. “Based on these criteria, VW has the honor of granting our award “Commercial Excellence 2007” to WABCO, reconfirming the strategic commitment between our organizations.”
As of 2007, WABCO has reported that sales in South America have expanded rapidly at a compound annual growth rate of more than 20 percent over the past five years, propelled by continued strong growth in Brazil.
“This award from VW in Brazil is an outstanding achievement and another proof of WABCO’s commitment to customer satisfaction,” said Harald Kaess, WABCO Vice President, Original Equipment Sales and Customer Management. “We are proud to be valued so highly by VW in Brazil and we are passionate about moving forward together to achieve even greater results.”
About WABCO
WABCO Vehicle Control Systems is one of the world's leading providers of electronic braking, stability, suspension and transmission automation systems for heavy duty commercial vehicles. Customers include the world’s leading commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869 as Westinghouse Air Brake Company, WABCO was acquired by American Standard in 1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs more than 7,700 people in 31 countries worldwide. In 2007, WABCO’s total sales were $2.4 billion. WABCO is a publicly traded company and is listed on the New York Stock Exchange with the stock symbol WBC. Website: www.wabco-auto.com
Media contact
Tobias Mueller, +49 69 7191 6834, tobias.mueller@klenkhoursch.de
Investors and financial analysts contact
Mike Thompson, +32 (2) 663 9854, mike.thompson@wabco-auto.com
Jason Campbell, +1 732 369 7477, jason.campbell@wabco-auto.com
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