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BRUSSELS, Belgium, May 14 /PRNewswire-FirstCall/ -- WABCO Holdings Inc. (NYSE:WBC) today announced the inauguration of two
manufacturing facilities located in India and the extension of an existing
software design center that are owned by WABCO-TVS (India) Ltd., an affiliate of
WABCO and its joint venture partner, a member of the TVS Group.
Currently manufacturing crankshafts, crankcases and vacuum pumps, one of the
new facilities is located in Mahindra World City (MWC), in the southern
outskirts of Chennai, one of India's first special economic zones. Recently, the
foundation stone for the second phase extension of the Mahindra manufacturing
facility was laid by Jacques Esculier, WABCO Chief Executive Officer, at a
ceremony attended by H. Lakshmanan, Executive Director, Sundaram-Clayton Ltd. (a
TVS Group company) and other senior executives of WABCO and WABCO-TVS (India)
Ltd. This extension will double capacity at the Mahindra facility, which is
dedicated to exporting products and serving WABCO customers worldwide.
Another new facility, located in Jamshedpur, supplies the production lines of
Tata Motors by manufacturing brake chambers, spring brake actuators and other
braking aggregate parts. The newest WABCO-TVS factories presently employ
approximately 150 people.
Situated at Tidel Park in Chennai, India's largest information technology
park, the WABCO Software Design Center has completed its expansion program,
doubling its capacity and upgrading its technology platform. This expansion will
support the center's expected innovation and growth of engineering capabilities.
Currently, approximately 85 engineers develop embedded software for automotive
applications in electronic braking, stability, transmission and climate
control.
Recently, the WABCO-TVS-owned, brake-manufacturing facility in Ambattur,
Chennai received the prestigious Total Productive Maintenance (TPM) Excellence
Award from the Japan Institute of Plant Maintenance. Combining operations and
maintenance, the TPM approach creates a production environment that performs at
world-beating levels of efficiency and quality.
"Innovation and manufacturing excellence will continue to contribute strongly
to our business growth in India and across Asia," said Jacques Esculier, WABCO
Chief Executive Officer. "By expanding engineering and production capabilities
in India, we can continually improve the supply chain and better serve customers
locally as well as globally. We expect our newest factories in India to join the
same world-class TPM excellence league as our brakes factory in
Ambattur."
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
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