Weichai Power & Kogel Sign Cooperation Agreement in 2012 IAA
2012-09-25 Source：www.chinabuses.org
Summarize：HANOVER, Germany, Sept. 20, 2012-- Weichai Holding Group Co. Ltd., and the German trailer brand Kogel signed a Letter of Intent (LOI) at the IAA Commercial Vehicle Exhibition. The two partners agreed to long-term collaboration in semi-trailer manufacturing where both partners will contribute with their respective strengths.
www.chinabuses.org: During the 64th IAA Commercial Vehicle Exhibition was held from Sept. 20th to Sept. 27th, Weichai Holding Group Co. Ltd., one of the largest commercial vehicle and automotive manufacturers in China, brought its three brand products in the exhibition, which were Weichai Euro 5 engine, 10-speed heavy-duty FAST gearbox and Hande single stage drive axles. Weichai Power engines include WP12.460E50, WP5.200E50, and WP7.300E50. And the latter two engines can be equipped on buses.
HANOVER, Germany, Sept. 20, 2012-- Weichai Holding Group Co. Ltd., and the German trailer brand Kogel signed a Letter of Intent (LOI) at the IAA Commercial Vehicle Exhibition. The two partners agreed to long-term collaboration in semi-trailer manufacturing where both partners will contribute with their respective strengths.
The official ceremony took place today on the Kogel exhibition stand at the commercial vehicle exhibition IAA in Hanover, Germany. The Letter of Intent was signed by Tan Xuguang, Chairman and CEO of Weichai Holding Group and Ulrich Humbaur, owner of Kogel.
"Today is another important milestone for Kogel, the renowned trailer brand. The cooperation with Weichai is an essential part of our global growth strategy," says Ulrich Humbaur. "Kogel has an excellent reputation in China for decades thanks to our innovative and high-quality semi-trailers. We are continuing to build on this. We have found the ideal partner in Weichai."
"Weichai has a pioneering role in the market as a result of their resources and product diversity. Our core business is the production of entire drive trains, the so-called golden three section chain for heavy trucks, buses and ships. Weichai is expanding its product line as a result of the cooperation with Kogel," says Tan Xuguang. "China offers a huge market and cost advantages in the production of trailers. Both companies will be strengthened and they expect growth in sales, together with expansion of international recognition."
About Kogel
Kogel is one of the three leading trailer manufacturers in Europe. Since its foundation in 1934 it has produced more than 500,000 vehicles. With its commercial vehicles and solutions for the forwarding and construction industries, the company can offer all the benefits of 75 years' worth of engineering quality "made in Germany". Since that time it has maintained its passion for transport and innovation, thus enabling it to offer proven long-lasting added value for freight forwarders. Company Headquarters and Main Production Facility of Kogel Trailer GmbH & Co. KG is in the Bavarian town of Burtenbach. In addition Kogel also has plants and premises in Neu-Ulm (Ger), Duingen (Ger), Chocen (Cz), Moscow (Rus), St. Petersburg (Rus) and in Turkey. By the efforts of its approximately 1,000 employees, it achieved a sales figure of about euro 250 million in 2011.
About Weichai Holding Group
Weichai was founded in 1946 and is one of the leading Chinese group of companies in the commercial vehicle and automobile supplier industry. The concern employs more than 50,000 staff all over the world and achieved an operative profit of 53.6 billion Yuan (700 million Euros) in 2011. The company is active in four main business sectors: Vehicles, drive trains, car parts and luxury yachts. This means that it has the most varied product range in the sector. The interdisciplinary sector-spanning and international company has subsidiary companies and branches in Europe, North America, South-East Asia and other areas.
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