Fast Connects with Eaton to Create High-End Clutch Products
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On July 25, the joint venture project of Faster Eaton (Xi'an) Power Transmission System Co., Ltd., a Sino-foreign joint venture high-tech enterprise jointly established by Shaanxi Fast Gear Co., Ltd. and Eaton Corporation of America, held a signing ceremony in Xi'an. The two parties announced that they will cooperate in the development, production, assembly, testing, sales and service of clutches and clutch-related components of commercial vehicles, passenger cars and other suitable application platforms, and make joint efforts to achieve win-win development.
This is another international cooperation in the new field after Fast has established good strategic cooperation with world-renowned brand companies such as Caterpillar, WABCO and UK Shell.
Faster Eaton (Xi'an) Power Transmission System Co., Ltd., a joint venture between Fast and Eaton, has a total investment of 100 million yuan (of which 50% of total equity is used by Fast, and Eaton’s total share capital 49%).
"The transmissions and clutches are the two most closely related products in the automotive transmission system. Fastett and Eaton form a joint-venture clutch plant that will maximize the synergy effect of transmissions and clutches." .