RAYONG, Thailand, Sept. 11, 2018 /PRNewswire/ -- WABCO Holdings Inc. (NYSE: WBC), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, recently announced the inauguration of a new advanced production base in Rayong, Thailand, to support increased local demand for braking systems from major commercial vehicle manufacturers.
As the only full braking system provider for commercial vehicles in Southeast Asia, WABCO's new 5,692-square-meter facility provides an important strategic foothold in this rapidly expanding market. Remaining within the Eastern Seaboard Industrial Estate, the move to larger premises enables WABCO to optimize efficiency and expand its manufacturing footprint by more than 50 percent. With capacity for future growth, production at the new facility will include brake chambers, spring brake actuators, load sensing proportioning valve, multi-circuit protection valve and electronic braking systems (EBS).
"Our new Rayong facility is a clear demonstration of WABCO's continued commitment to the Southeast Asia market and our successful 'local-for-local' strategy," said Sujie Yu, President, WABCO Asia-Pacific and Business Leader, China. "Enabling WABCO to further build on its close local customer partnerships, this new facility will develop and deliver key advanced technologies and services that are key differentiators for WABCO in driving continued success in this important growth market."
"Since first establishing a base in Thailand in 2013, WABCO has grown rapidly and become a valued partner for many of the region's leading commercial vehicle manufacturers," said Hiroomi Tanno, General Manager of WABCO Thailand. "The rapid pace of growth in Southeast Asia and the significant opportunities presented have fueled the need for a much larger facility to support our world-class manufacturing capabilities. As a result, WABCO is well prepared to meet rising customer demand and to capture new opportunities for our advanced braking systems in the Southeast Asia market."
WABCO (NYSE: WBC) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Originating from the Westinghouse Air Brake Company founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations to enable autonomous driving in the commercial vehicle industry. Today, leading truck, bus and trailer brands worldwide rely on WABCO's differentiating technologies, including advanced driver assistance, braking, steering and stability control systems. Powered by its vision for accident-free driving and greener transportation solutions, WABCO is also at the forefront of advanced fleet management systems that contribute to commercial fleet efficiency. In 2017, WABCO reported sales of $3.3 billion and has nearly 15,000 employees in 40 countries. For more information, visit www.wabco-auto.com.
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