Eaton and Shaanxi Fast Gear Move to a New Level of Cooperation
Not so long ago, it has transpired that Eaton and Shaanxi Fast Gear (SFGW) have entered into a joint venture agreement to produce manual gearboxes for light commercial trucks. The structure of the joint venture is formed in accordance with official endorsements and conditions of the deal closure.
According to the agreement, a new manufacturing enterprise will be located in China (Baoji City). It will be generally specialized in development, production, realization and aftersales service of manual gearboxes for rapidly developing Chinese market of light trucks. However, the new enterprise will not be limited to activity only in one country – it is expected that the product distribution network will also include APAC members, Eastern European, and African countries. Eaton officials hope that company’s effective gearbox technologies, backed by SFGW’s infrastructure and existing gearbox portfolio, will be very useful in achievement of the main objective – help manufacturers of light trucks to comply with growing restrictions related to fuel efficiency and performance parameters. It is known that the controlling interest (51%) in the new joint venture will belong to SFGW, while the remaining part of shares will be owned by Eaton.
It is worth mentioning that the abovementioned joint venture is not the 1-st experience of cooperation between two companies. For years, Eaton and SFGW have been successfully collaborating within the framework of another joint venture, Fast Eaton Clutch, that designs, produces, and services clutches and related clutch mechanisms. Since its foundation (4 years ago), this business has achieved significant commercial success.
ABOUT Shaanxi Fast Gear
Fast Gear specialists at work
Shaanxi Fast Gear Co., Ltd. is considered to be one of the leading production complexes in China which manufactures gearboxes and other parts for trucks and other heavy-duty vehicles. Advanced production machinery and great production testing capacities ensure high quality and durability of Shaanxi Fast Gear Co., Ltd products which comply with high world standards. The product portfolio of the company includes gearboxes, brake units, axles, and clutch mechanisms which are installed on a wide range of domestic and imported trucks.
Learn more about Shaanxi
Fast Gear Shaanxi
Many well-known Chinese manufacturers of
tractive vehicles, trucks, dump trucks use products, manufactured by Fast Gear,
for development and production of trucks. The main advantage of the company’s
products is their modular structure, allowing prompt removal and replacement of
damaged parts. Possibilities of modifying and making changes to the gearbox mechanism
make such gearbox solutions adaptable to any tasks emerging for trucks.
Currently, Fast Gear Co., Ltd continues to grow
strongly, extending its network of industrial facilities and expanding the
output of products which proved to be fail-safe and effective solutions on a
global scale.
About EATON
Eaton is one of the dominant industrial corporations mainly specialized in manufacturing of gearbox solutions for trucks. Eaton employs more than 65,000 professionals; products of the company are sold in more than 150 countries. The enterprise was established in 1911 in the US. Nowadays, the company’s enterprises are located in 30 countries around the globe. A wide range of truck components, manufactured by Eaton, includes numerous mechanisms, units, and specials parts: gearboxes, reduction units, intelligent control systems, clutch systems, chassis and suspension units, electronic vehicle stability control (EVSC) systems.
Eaton products are presented on the global market under several trademarks, including such well-known names as Fuller. Transmission solutions, produced under Fuller brand, significantly contributed to fuel economy, cost reduction and enhanced efficiency of truck services.
