Mitsubishi Fuso and SANY Heavy Machinery Signs Mutual Agreement on Expansion of Industrial Engine Business in Asia
Kawasaki - Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia’s leading commercial vehicle manufacturers, today announced it has agreed to expand its cooperative efforts with SANY Heavy Machinery Co., Ltd. (SANY), a large hydraulic shovel manufacturer in China.
Under the agreement, MFTBC will increase supply of engines specially designed for hydraulic shovels to SANY. Further, as a strategic partner, MFTBC will assist SANY in expanding its business through technological exchange in various areas, joint product development and committed after-sale service.
“We are very pleased to conclude this mutual agreement with SANY,” said Dr. Albert Kirchmann, MFTBC President & CEO and Head of Daimler Trucks Asia. “This milestone is a significant first step of a strong strategic partnership between SANY and MFTBC of on- and off-highway applications, thus, providing us a firm platform to further expand our industrial engine business in Asia.”
FUSO 2015 “Profitable Global Player”
With its growth strategy FUSO 2015, MFTBC has embarked on a clear company initiative aimed at increasing operational excellence in all aspects. It is based on 5 strategic pillars, including “Leader in Green Innovation,” “Profitable Global Player,” “Efficiency Leader,” “Customer Number One in Japan,” and “Employer Number One.”
Under “Profitable Global Player,” MFTBC aims for significant increase in global sales, including an overall target to significantly increase its international sales while ensuring a strong home base in Japan and Asia.
FUSO 2015 is a holistic improvement program, encompassing all parts of the business. It addresses major drivers to grow the business in all aspects, building on the cost and efficiency gains of its realignment program.
From Left: Mr. Hongfu Yui, SANY President, and
Dr. Albert Kirchmann, MFTBC President & CEO and Head of Daimler Trucks Asia
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About MFTBC
Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers. In 2012, the company sold a total of about 174,000 vehicles including light-, medium- and heavy-duty trucks and buses. Daimler AG owns 89.29% of MFTBC shares and various Mitsubishi group companies own 10.71% of MFTBC shares. MFTBC is an integral part of the Daimler Trucks Division of Daimler AG.
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