SORL Will Supply 70% of Brake Systems to Zoomlion Crane Trucks In 2012
12th January, 2012
ZHEJIANG, China, Jan. 10, 2012 -- SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or "the Company"), a leading supplier of brake and control systems to the global commercial vehicle industry, today announced that its subsidiary, Ruili Group Ruian Auto Parts Co., Ltd., was awarded a "Class A Supplier" designation from Zoomlion Mobile Crane Branch ("Zoomlion") and it will supply approximately 70% of the brake systems and related components to Zoomlion's crane truck fleet in 2012. SORL is the only brake system supplier to achieve the Class A Supplier title by Zoomlion. Zoomlion Mobile Crane Branch is a division of Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd., China's leading manufacturer of construction machinery equipment.
As a Class A Supplier of Zoomlion, SORL will receive large volume orders, preferential payment terms, and strategic cooperation. In 2011, SORL started to supply Zoomlion crane trucks with braking air processing unit (APU) technology. As the relationship progressed and evolved, SORL moved to provide Zoomlion's crane trucks with the entire brake system and related components to upgrade the braking technology and safety.
Mr. Tao Baojian, Chief Operating Officer of SORL, commented, "We are very pleased to win another vote of confidence from Zoomlion, a leading construction vehicle OEM in China. This award acknowledges our excellent product quality and customer service, and our advanced management skills. Winning this title not only enables our current braking products to further penetrate Zoomlion's product portfolio, but also increases the chance of our upcoming new products to enter Zoomlion's component shopping list. We continue to expand our presence in the construction and engineering vehicle market."
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to the commercial vehicle industry, SORL Auto Parts, Inc. ranked No. 1 for market share in the segment for commercial vehicles brake system, such as trucks and buses in China. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 65 categories with over 2000 specifications in brake system and others. The Company has four authorized international sales centers in UAE, India, the United States and Europe. SORL is working to establish a broader global sales network.
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Automotive - Manufacturer