Carraro Group, Freudenberg Sealing Technologies plan a long-term future based upon service and success Companies sign partnership agreement to strengthen their business bond
LAS VEGAS, March 5, 2014 /PRNewswire/ -- When two companies share a decades-old relationship built on innovation, cooperation and trust, how do they do to take the association to the next level?
By renewing their commitment, so to speak, with a long-term agreement that builds on their past and lays out an even more prosperous future.
Carraro Group, a leading eco-compatible, power transmission systems manufacturer headquartered in Campodarsego, Padova, Italy, has signed multi-year partnership agreement with Freudenberg Sealing Technologies (FST) that will help the companies leverage their core development expertise in designing world-class power transmission systems that incorporate the newest seal innovations.
The agreement caps more than 30 years of successful work together manufacturing world-class axles, transmissions, drives and inverters for the construction, agricultural, automotive and renewable energy industries.
"Over the course of three decades, our two companies have developed a business relationship that goes far beyond the norm," said David R. Monaco, FST senior vice president, global mobile machinery sector. "This agreement continues to build on our success by establishing a partnership founded on our shared principles of excellence, customer service, innovation, technology, profitability and trust. We are delighted to celebrate the next step in our relationship with Carraro and look forward to years of prosperity with this team."
"Freudenberg has proven an invaluable and innovative supplier to Carraro, and we believe this agreement will only strengthen an already solid business relationship," agreed Alberto Negri, Senior Vice President Supply Chain & Operations – Carraro Drive Tech. "When two companies share the same business principles of sustainability, innovation, leadership and integrity – as Carraro and Freudenberg do – their capabilities and success become intertwined and effective. We are delighted by the future possibilities of such an enduring partnership."
Carraro's three business areas, Carraro DriveTech, Agritalia and Santerno, specialize in drivelines and components, vehicle engineering and contract manufacturing and electronics. Freudenberg Sealing Technologies provides seals, gaskets and elastomeric solutions to 32 different industries including aerospace, energy, agriculture, construction, power transmission and generation, fluid technologies and food and beverage.
Please visit Freudenberg-NOK at IFPE in booth #81330 (South Hall 3) on the show floor. Carraro is located in booth #85329 (South Hall 4) at the CONEXPO-CON/AGG show at the Las Vegas Convention Center.
For more information about the show, please visit: http://www.ifpe.com.
About Freudenberg-NOK Sealing Technologies
Freudenberg-NOK Sealing Technologies is the Americas joint venture between Freudenberg and Co. in Germany and NOK Corp. in Japan. Freudenberg-NOK is a leading producer – through its Automotive, Merkel, Process Seals and Simrit sales channels – of advanced sealing technologies for a variety of markets including: aerospace; agriculture; appliance; automotive; construction; diesel engine; energy; food and beverage; heavy industry; and pharmaceutical. Founded in 1989 under the legal name Freudenberg-NOK General Partnership, Freudenberg-NOK is headquartered in Plymouth, Mich. and operates more than 20 facilities across the Americas. For additional information, please visit www.fnst.com.
About Carraro Group
Carraro is a global leader in highly efficient and eco-friendly power transmission systems, with a consolidated turnover of over 874 million Euro in 2012. Three Business Areas report to the holding Carraro SpA: Carraro Drive Tech (specialised in transmission systems & components mainly for off-highway applications such as construction equipment and agricultural tractors, fork-lift trucks, light commercial vehicles, mining applications; Agritalia, specialised in design & manufacturing of light-utility tractors up to 100 HP; Santerno, specialised in inverters for industrial sectors and electronic power converters for photovoltaics. The Group's holding company, Carraro SpA, has been listed on the Italian Stock Exchange since 1995 (CARR.MI) and has its headquarters in Campodarsego (Padua). As at 31.12.2012 it had 4,010 employees – of which 1,843 in Italy – and manufacturing facilities in Italy (7), India (2), China (2), Argentina and Germany. For further information please visit www.carraro.com.
SOURCE Freudenberg-NOK Sealing Technologies