WABCO Holdings Inc. (NYSE: WBC) inaugurated its fifth manufacturing facility in India, located in Lucknow. WABCO’s extended network in India helps both local and global commercial vehicle manufacturers to further grow their domestic and export business.
WABCO’s latest plant inauguration demonstrates the company’s continued ability to anticipate and align with the requirements of its customers in India through the supply of just-in-time, first-rate engineered, locally adapted safety and efficiency technologies for trucks and buses built in India. At Lucknow, WABCO will manufacture advanced technologies, including anti-lock braking systems (ABS), actuators and a range of braking valves for multiple global commercial vehicle makers operating in India.
WABCO’s new plant in Lucknow expands the company’s manufacturing capacity in India beyond its four existing plants: two in Chennai, one in Jamshedpur and another in Pantnagar. The company’s new 11-acre (40,500 sq. meters) facility provides employment for around 150 people to-date. WABCO expects to employ an estimated 300 persons when this factory reaches its full production capacity by the end of 2015.
“Our new factory in Lucknow enables WABCO to further strengthen its partnership with commercial vehicle manufacturers operating in India while further enhancing the leading market position of WABCO INDIA,” said Mr. Jacques Esculier, WABCO Chairman and Chief Executive Officer. “This plant marks yet another milestone in the successful expansion of WABCO’s manufacturing network in India and worldwide. It is another industry-leading example of the lean manufacturing system which further differentiates WABCO globally.”
“As a strategic Tier 1 supplier, WABCO continues to support Tata Motors in the development and delivery of world-class, innovative technologies that help improve the safety and efficiency of Tata trucks and buses on India’s roads,” said Mr. Rajnish Julka, Plant Head - Lucknow, Tata Motors Limited, at the inauguration ceremony. “WABCO’s outstanding performance in product quality and excellence in execution continues to contribute to an enduring partnership that now spans five decades.”