WABCO Announces JV with Fuwa to Manufacture Air Disc Brakes in China - aftermarketNews

WABCO Announces JV with Fuwa to Manufacture Air Disc Brakes in China

WABCO will have a 70 percent holding and Fuwa will have a 30 percent holding in the joint venture.

BRUSSELS, Belgium – WABCO has signed a letter of intent with GuangDong Fuwa Engineering Manufacturing Co., Ltd., (Fuwa) to form a joint venture for production of air disc brakes in China.

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 proposed joint venture will encompass manufacturing, assembly and testing of air disc brakes for commercial trailers.

The joint venture agreement is expected to be finalized by year-end.

 

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