Eaton, a leader in the North American heavy-duty commercial vehicle transmission market and the Brazilian and other South American light and medium-duty commercial vehicle transmission markets, combines its expertise in the field with the largest transmission manufacturer in China, Fast. The joint venture company is located in the high-tech zone of Baoji City, Shaanxi Province, China. It aims to develop, manufacture and sell manual transmissions for the fast-growing Chinese light truck market and provide after-sales services. In addition, the joint venture will also sell manual transmission products for the joint venture in Asia Pacific, Eastern Europe and Africa. Eaton and Fast have a joint venture in China that sells clutch products and have achieved outstanding results over the years. Eaton expects the light manual transmission joint venture to be further successful on this basis. “We are pleased to form a new joint venture with Fast Company to leverage the expertise and experience of both companies to manufacture the industry's leading light-duty transmission. Eaton has a long history as a leader in the commercial vehicle transmission market in North and South America. The combination of Fast will further provide light transmission products for China and other fast-growing markets,†said Fang Jie, President of Eaton Vehicle Group. About the Fast Eaton Clutch Joint Venture Eaton and Fast are currently partners in another joint venture, the Fast Eton Clutch Joint Venture. The company develops and manufactures clutches and other related clutch components in China. The Fast Eaton Clutch Joint Venture is located in Xi'an, China and has seen significant growth in sales since its inception in 2014. About Eaton As a leading global power management company, Eaton is committed to improving the quality of human life and the quality of the environment by providing more reliable, efficient and safe power management technology. In 2017, Eaton’s sales reached $20.4 billion, bringing together approximately 98,000 employees worldwide and covering more than 175 countries and territories. Eaton offers a variety of energy efficient solutions to help customers manage power, fluid power and mechanical power more efficiently, safely and sustainably. Eaton has been in the Chinese market for more than 20 years and has entered the Chinese market since 1993. Since then, it has rapidly developed its business in China. In 2004, the company's Asia Pacific headquarters moved from Hong Kong to Shanghai. Greater China has approximately 10,000 employees, 29 manufacturing bases and 6 R&D centers. Today, all of Eaton’s products are manufactured in China, and our energy-efficient products and solutions help customers achieve safer, more efficient, and more sustainable business operations. About Fast (SFGW) Founded in 1968, Fast has more than 10 holding and shareholding subsidiaries. It has a wholly-owned factory in Thailand and a distribution company in the US, Russia and other countries. It is the first year in China's gear industry. Enterprises that produce and sell over 10 billion yuan. The company's various business indicators ranked first in the Chinese gear industry for 15 consecutive years. The annual production and sales volume of heavy-duty vehicle transmissions ranked first in the world for 12 consecutive years. Fast is committed to the development and production of eight series of new products such as AT hydraulic automatic transmission, AMT automatic transmission, S transmission, passenger transmission, light truck transmission and hydraulic retarder, clutch and reducer, as well as wheel reducer and pure electric vehicle. New energy products such as transmission systems.
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Power management company Eaton and Shaanxi Fast Company joint venture company
The professional field combined with Eaton and Shaanxi Fast to jointly complete the formation of the joint venture company.
Power management companies Eaton (ETN) and Shaanxi Fast Company (SFGW) recently announced the completion of the formation of their joint venture, which will produce manual transmissions for light commercial vehicles.