WABCO INDIA Wins Prestigious Total Productive Maintenance Excellence Award From Japan Institute Of Plant Maintenance

BRUSSELS, Belgium, July 17, 2017 (GLOBE NEWSWIRE) -- WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today announced that WABCO INDIA Limited has been honored with the 2016 Total Productive Maintenance (TPM) Excellence Award from the Japan Institute of Plant Maintenance (JIPM ).

WABCO INDIA received the prestigious TPM Excellence Award for its Mahindra World City lean manufacturing facility in Chennai, India. WABCO INDIA’s Mahindra World City plant, which produces advanced braking and innovative control technologies, is also a world-class export hub serving major commercial vehicle manufacturers and passenger car makers globally.

Established in 1964 by the Japan Institute of Plant Maintenance, the TPM Excellence Award rigorously evaluates a company-wide commitment to sustain superlative production capabilities and world-class quality standards. The award has been instrumental in strengthening the improvement of enterprises and contributing to the development of industry by promoting the modernization of plant maintenance and the development of plant maintenance technologies.

“This industry-leading recognition of WABCO INDIA’s capabilities is a powerful testament of the differentiation and maturity of WABCO’s global infrastructure,” said Jacques Esculier, WABCO Chairman and Chief Executive Officer. “In India, where we fully leverage five world-class factories, WABCO produces frugally-engineered, high-quality and cost-effective technologies to meet local customers’ requirements and to export to commercial vehicle manufacturers in the Americas, Europe and Asia.”

"This recognition is an extremely proud moment for all of us at WABCO INDIA particularly as a world-renowned independent expert organization such as JIPM has certified that we have attained a benchmark standard for most effective production systems,” said P. Kaniappan, Vice President, WABCO INDIA. “At WABCO INDIA we leverage TPM to continuously improve our productivity, product quality, cost effectiveness and work culture, which sustains WABCO INDIA as a Center of Excellence.”

WABCO INDIA’s manufacturing sites in Ambattur, Jamshedpur, Mahindra World City, Pantnagar and Lucknow collectively possess an extensive track record of industry and customer awards for various parameters of manufacturing excellence and total quality management.

Previously, WABCO INDIA’s factory in Ambattur won the TPM Excellence Award from the Japan Institute of Plant Maintenance. WABCO INDIA has also been recognized as a global benchmark for implementing lean manufacturing, according to the Lean Enterprise Institute. Other multiple platinum and gold honors have been granted by the Automotive Component Manufacturers Association of India.

WABCO INDIA designs, manufactures and markets conventional braking products, advanced braking systems, and other related air-assisted products and systems. The company has grown significantly in the Indian commercial vehicle market and also serves its aftermarket customers through a wide national distribution network. With five world-class manufacturing facilities, technology center, and a vehicle testing facility near Chennai, WABCO INDIA excels in engineering and manufacturing serving customers locally and through WABCO internationally. WABCO INDIA employs over 4,400 employees and reported Rs. 2103 Crores in sales in FY 2016-17. For more information, visit www.wabco-auto.in.

WABCO (NYSE:WBC) is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation and aerodynamics. Partnering with the transportation industry as it maps a route toward autonomous driving, WABCO also uniquely connects trucks, trailers, cargo, drivers, business partners and fleet operators through advanced fleet management systems and mobile solutions. For five consecutive years, Institutional Investor named WABCO among the “Top 3” in its sector for “Best CEO.” WABCO reported sales of $2.8 billion in 2016. Headquartered in Brussels, Belgium, WABCO has 13,000 employees in 40 countries. WABCO’s 2016 Annual Report is available at www.ar.wabco-auto.com. For more information, visit www.wabco-auto.com.

WABCO INDIA media contact
Meghant Parmar, +91 99621 95392, mparmar@perfectrelations.com

WABCO global media contact
Nina Friedmann, +49 69 719 168 171, wabco@klenkhoursch.de

WABCO investors and analysts contact
Alexander De Bock, +1 248 270 9287, investorrelations@wabco-auto.com 

Primary Logo

Comments on WBC stock