Eaton and Shaanxi Fast Gear Form Joint Venture to Manufacture Light-Duty Manual Transmissions for Asia-Pacific, Eastern Europe and Africa
Eaton Corporation, PLC Ordinary Shares (ETN)
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am
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Source: Business Wire
DUBLIN--(BUSINESS WIRE)-- Power management company Eaton (NYSE:ETN) and Shaanxi Fast Gear (SFGW) have formed a joint venture to develop, manufacture, sell and service light-duty manual transmissions in Asia-Pacific, Eastern Europe and Africa. “We are pleased to commence our new joint venture with SFGW, which will leverage the expertise of both partners to manufacture industry leading light-duty transmissions,” said João Faria, president, Eaton’s Vehicle Group. “Our partnership with SFGW brings our transmission designs to the large and fast-growing light-duty truck market in China and other rapidly growing markets.” Faria added, “Eaton and SFGW formed a joint venture in 2014 for the sale of clutch products in China, which has achieved considerable growth over the last few years. Eaton expects to build on this success with the new joint venture in the light-duty manual transmission space.”
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