Allison Transmission Forms Strategic Partnership with SANY to Provide Transmissions for Mining Vehicles
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Collaboration with Chinese mining equipment OEMs drives significant global market share gains for Allison.
INDIANAPOLIS, January 23, 2024 – Allison Transmission is pleased to announce a strategic partnership agreement with SANY, a global heavy equipment manufacturer for the mining and construction markets. Allison will supply its family of
Off Road Series™ (ORS) and Wide Body Dump Series™ (WBD) transmissions for integration into their lineup of mining vehicles including the next-generation SANY SKT105 wide body mining dump (WBMD) truck, rigid dump trucks and articulated dump trucks
(ADT).
As part of this agreement, Allison will be the fully automatic transmission provider for generation two of SANY’s WBMD vehicles. Allison is the world’s largest independent manufacturer of fully automatic transmissions for the mining industry.
“We selected Allison’s ORS and WBD transmissions due to their unique ability to deliver powerful performance, faster acceleration and increased ease of operation over competitive models,” said Lu Shiwei, Heavy Commercial Director, SANY. “We look forward
to the enhanced productivity and maneuverability that Allison’s propulsion solutions will provide to our customers operating in severe duty-cycles and harsh mining conditions.”
“We’re proud to partner with SANY to integrate Allison transmissions into several of their vehicles, which are critical for successful mining operations,” said John Coll, Senior Vice President, Marketing, Sales and Service, Allison Transmission. “Our
agreement with SANY strategically aligns with Allison’s efforts to capture additional market share in the mining dump truck market in Africa, Asia and South America.”
For more information on the benefits of Allison transmissions and how they optimize the performance of mining vehicles, please visit allisontransmission.com.
23 Jan, 2024
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of vehicle propulsion solutions for commercial and defense vehicles, the largest global manufacturer of medium- and heavy-duty fully automatic transmissions, and a leader in electrified
propulsion systems that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach),
motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more
than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis,
Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has approximately 1,600 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
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This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plans," "project," "anticipate," "believe," "estimate," "predict," "intend," "forecast," "could," "potential," "continue" or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: risks related to our substantial indebtedness; uncertainty in the global regulatory and business environments in which we operate; our participation in markets that are competitive; the highly cyclical industries in which certain of our end users operate; the failure of markets outside North America to increase adoption of fully-automatic transmissions; the concentration of our net sales in our top five customers and the loss of any one of these; future reductions or changes in government subsidies for hybrid vehicles and other external factors impacting demand; U.S. defense spending; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments and changing customer needs; risks associated with our international operations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers; our intention to pay dividends and repurchase shares of our common stock; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
SOURCE Allison Transmission Holdings Inc.