|By Marketwired .||
|July 30, 2014 02:00 AM EDT||
BRUSSELS, BELGIUM and SHANGHAI, CHINA -- (Marketwired) -- 07/30/14 -- WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), a leading global supplier of technologies to improve the safety and efficiency of commercial vehicles, today announced that its Remanufacturing Solutions business has been named "Most Popular Remanufacturer" by the China Association of Remanufacturing (CAR) in association with Duxes, a leading remanufacturing consulting firm based in Shanghai. The award, which was presented recently at a ceremony in Shanghai attended by dignitaries from CAR and the Chinese National Development and Reform Commission, among other government and industry officials, recognizes WABCO Reman Solutions' well established local presence in China as well as the company's significant contributions to support the continued growth of China's remanufacturing industry.
As previously disclosed in June 2013, WABCO was granted a license by Chinese authorities to remanufacture air compressors in China for commercial and off-highway vehicles, the first and only supplier in China authorized to conduct this type of remanufacturing activity. WABCO Reman Solutions in China is remanufacturing air compressors for China National Heavy Truck Corporation (CNHTC) and customers in the independent aftermarket, among other vehicle manufacturers and suppliers.
Separately, as reported in January 2014, WABCO Reman Solutions was named "Heavy Duty Remanufacturer of the Year" by the Heavy Duty Remanufacturers Group of the Automotive Parts Remanufacturers Association based in the United States. The organization recognized WABCO Reman Solutions for demonstrating the highest level of leadership and vision in the industry, including dedication to quality and innovation; outstanding customer service; technical excellence across a diverse product portfolio, and global capabilities.
"We are honored to receive this top Chinese remanufacturing industry distinction," said Sujie Yu, WABCO Vice President, Asia-Pacific and Business Leader, China. "The award recognizes WABCO's ability to successfully deploy world-class remanufacturing processes and standardized quality at our facilities to further differentiate WABCO in China. We expect to expand our remanufacturing scope and product portfolio in-country."
"Receiving this major remanufacturing industry award in China marks yet another major milestone for WABCO Reman Solutions as we extend our value-based offering of high quality and diverse products," said Salvador Munoz-Zarate, WABCO Reman Solutions Global Business Leader. "Customers increasingly value our growing global footprint in key markets such as Asia, Europe and North America. It further differentiates WABCO as a provider of solutions for end-of-life product management and remanufacturing while also enabling environmental sustainability."
Formed by WABCO in 2010, WABCO Reman Solutions specializes in remanufacturing electronic and mechatronic components, as well as traditional mechanical products that are made by WABCO and other manufacturers. WABCO's remanufactured products serve original equipment manufacturers as well as tier-one and tier-two suppliers on a global basis. WABCO Reman Solutions has facilities in Rochester Hills, Michigan, USA; Stanowice, Poland; Jinan, China; and a joint operation in San Luis Potosi, Mexico.
Press photo caption: Press photo caption: Steven Guo ®, WABCO China Aftermarket Leader receives the Most Popular Remanufacturer Award on behalf of WABCO Reman Solutions from the president of Duxes, James Zhu (L).
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.
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