Fast again in the industry chain layout, will enter the clutch market!
On July 25th, following the joint venture with Caterpillar of the United States, the largest heavy-duty transmission enterprise in China, Shaanxi Fast Gear Co., Ltd. (hereinafter referred to as Fast), once again teamed up with the international parts giant, Eaton Corporation. Invested RMB 100 million to establish “Fast Eaton (Xi'an) Power Transmission System Co., Ltd.†with a share of 51:49, committed to the development, manufacture, assembly, testing and sales of clutches and related clutch components for commercial vehicles. service.
Why did Fast choose to enter the clutch? Why did you choose to join forces with Eaton?
Why enter the market clutch <br> <br> It is understood that Fast's core business is heavy-duty transmission, its sales for eight consecutive years ranked first in the world, we have a complete transmission family, which is related retarder, synchronization, etc. The product development is also very fast, but the clutch market has not been involved before.
According to Li Dakai, chairman of Fast Group, “The transmission and clutch are the two most closely related products in the automotive transmission system. Fast and Eaton form a joint-venture clutch plant that will maximize the synergy effect of transmissions and clutches. â€
That is to say, after Fast has dealt with clutches, it will not only expand its own industrial chain layout. At the same time, since clutches and transmissions are the two most closely integrated powertrains for heavy-duty vehicles, after cooperating with Eaton, Fast can combine its strong advantages in the transmission field to better integrate the power chain.
Li Dakai revealed that the joint venture company currently manufactures and sells Eaton’s existing products, and that in the future there will be a common new product launch that will not appear as a unilateral and independent product. "In the brand, the joint venture's products will use the "Faster Eaton" dual brand, the product will be marked with a dual-brand LOGO, the future does not rule out the introduction of a new brand."
Da Wenkai, president of Eaton Vehicle Group, said that the joint venture will produce diaphragm spring clutches for the Chinese manual transmission market. “In the initial stage, we will focus on the introduction of 395mm push-type clutches and 430mm pull-type clutches specially designed by Eaton for the Chinese market. After that, more clutch products suitable for the future Chinese market will be developed.â€
Eaton clutch has been taking the high-end route since entering China, supporting the high-end transmission, the market is difficult to pick up, but this joint venture means that Eaton market strategy has changed. "The joint venture company will provide technology that is suitable for the Chinese clutch market. It will also consider factors such as price, so that the effective combination of technology and price." Dai Wenkai clearly pointed out that the technology that fits the Chinese clutch market is the best.
Why Eaton <br> <br> Fast This joint venture, following the success of a joint venture with the US company Caterpillar transmission change, and again in new areas of cooperation with the international parts giant selection.
Why choose a joint venture with Eaton? Li Dakai said that Eaton clutch products have a large number of independent patents, and they are among the world's leading players in terms of automatic adjustment, materials, longevity and reliability. "Eaton clutches account for almost 100% of the heavy vehicle market in the United States and are absolutely dominant in the North American market."
It is reported that Eaton Corporation is a global leading power management company with sales of USD 22 billion in 2013. It has a number of unique technology patents in the field of commercial vehicle transmissions, clutches, engine superchargers, and engine valves, and is at the top level in the world.
"Fast and Eton have a 30-year history of cooperation, and both sides have a solid foundation for cooperation. The cooperation is a snap." Li Dakai stressed that the two parties once again joined forces to build high-end clutch products, not only reflecting both parties. The mutual trust and support will also give full play to Eaton clutch technology leadership, quality brand advantage and Fastest's comprehensive competitive advantage in manufacturing, cost control, customer development, market branding and sales services.
In cooperation with Fast, Eaton can also use Fast's advantages in the domestic market to quickly open the Chinese market. Dai Wenkai said, “We are very pleased to cooperate with Fast in the clutch field. Through joint ventures between the two parties, we will benefit each other in the development of the clutch market. Through cooperation with Fast, we can better serve our customers and better serve them. China Clutch Market."
Fast is more than 51% of the shares in the company <br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br><br> The joint venture practice has a stronger say.
Li Dakai said that the reason why Eaton let Fast Holdings was because Fast had a strong brand in the commercial vehicle field and had a relatively complete product line, strong research and development capabilities and service capabilities. "If any foreign product can't adapt to China's national conditions according to local conditions, it will be very difficult for China to achieve great development. We must use the advantages of both sides and combine strengths to better open the clutch product market."
"Eaton will fully open their technology to us, including patented technology." Li Dakai said that Fast has always been in control of their own right to speak, and a joint venture with Caterpillar also received their full open technology.
"Eaton will no longer keep independent clutch products and factories in China." Li Dakai said that because the joint venture company's Xi'an plant is under construction, the current production of clutches will be temporarily put on Eaton's original Wuxi plant. The future Xi'an plant will be Eaton's. China's only clutch production base.
Li Dakai also disclosed that “the joint venture’s current annual production capacity is 30,000 sets, but after one year its production base will be relocated from Wuxi to Xi’an factory, and then the annual production capacity will reach 200,000 units in the first phase, and the second-phase annual production capacity may exceed 500,000. According to the annual production capacity planning table, the joint venture between Fast and Eaton, both companies, is bound to have a great impact on the domestic commercial vehicle clutch market, and thus change the original industry structure.
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