NEW ORDER VALUED AT MEUR 15 FROM TRUCK PRODUCER IN CHINA
Kongsberg Automotive strengthens its position in China
Last year KA signed a strategically important contract with a Chinese truck producer for the delivery of clutch actuation systems to their new vehicle platform for heavy trucks.
Due to increased demands and good market feedback, the customer has now decided to implement KA’s Clutch Actuation System on their entire fleet of high-end heavy trucks, effective already from 2010.
The contract value is estimated to MEUR 15.
“This is a major breakthrough for KA. The Chinese market for heavy duty trucks has increased rapidly, and our customer has achieved good growth in 2010”, says Trond Fiskum, Executive Vice President at Kongsberg Automotive. “Key drivers for the customer have been to enhance their overall product quality and strengthen their reputation in the Chinese high-end market for trucks. We are pleased to see that our products are acknowledged to support these drivers, and we believe this award will open interesting new opportunities in the region”.
FOR MORE INFORMATION, CONTACT:
Bård Klungseth, COO, Phone:+4732770500. Mobile:+ 4793037858
Ronny Lie, Director, Corporate Communications & Investor Relations, Phone : +4732770511. Mobile : +4791610798
Kongsberg Automotive is headquartered in Kongsberg, Norway and has 49 facilities in 20 countries. Kongsberg Automotive, with more than 9.000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com.
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