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2nd
April 2008 - TMD
Friction Increases Capacity for Commercial Vehicle Market
TMD
Friction, the world's leading manufacturer of friction parts for
original equipment (OE) in the automotive and brake industries,
increases its capacities. Since 2002, approx. 37 million euros have been
invested in modernisation and expansion at its plants in Coswig and
Hamm, Germany, alone, focussed on the growing commercial vehicle (CV)
market.
Derek Whitworth,
CEO of TMD Friction, says: "This is our reaction to the global rise in
demand for brake friction parts for trucks. Thanks to investing early
and to our strong OE market position we were able to profit from a
booming market in 2007. We can now better meet customers' requests for
larger volumes, even at times of peak demand." The five CV locations of
TMD Friction in Coswig and Hamm/Germany, Langsele/Sweden, Indaiatuba/Brazil
and Shijiazhuang/China are capable of creating capacities at short
notice wherever the customer needs them.
In 2007, global demand for truck disc brake pads rose by approx. 15
percent. Following investment, the capacity of the TMD Friction
production plants in Germany now totals more than ten million disc brake
pads per year, making TMD Friction the world market leader in the CV air
disc brake pad segment.
TMD Friction also aims to strengthen its position in the segment for
CV drum brake linings. For instance at the TMD Friction plant in
Indaiatuba/Brazil, work is currently underway to increase annual
capacity from seven million to approx. ten million units.
About TMD Friction
TMD Friction Group is the world's leading manufacturer of brake
friction materials in the original equipment market of the automotive
and brake industry. Its product portfolio comprises disc brake pads and
drum brake linings for passenger cars and commercial vehicles together
with brake pads for racing and friction materials for industry. TMD
Friction also supplies the global aftermarket with its Textar, Pagid,
Mintex, Don, Cobreq, and Cosid brands. With locations in Germany and six
other European countries, the USA, Brazil, Mexico, China, Japan and
Malaysia, TMD Friction generated a turnover of 690 million Euros in 2007
and employed 4,500 people worldwide.
Source: TMD Friction Press Release |
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