Dana Holding Corporation
) recently announced the launch of the new Spicer Rui Ma branded
axles and transmissions and also displayed a wide range of Spicer
mining axles and TZL series powershift transmissions. The new
Spicer Rui Ma, manufactured in Wuxi, Jiangsu Provence, China,
provides technological and qualitative advancement for the
company's Spicer brand.
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The Spicer Rui Ma branded products provides better performance
and reliability at affordable costs for the construction and
off-highway industries in China. The new drivetrain solution
possesses technical expertise to reduce vehicle downtime,
increases the working life of vehicles and improves operator
comfort, thus improving overall productivity. In addition, the
company's growing network of engineering, aftermarket parts and
service teams in China will significantly boost the performance
of the product.
Dana believes that with the diversification and sophistication in
the Chinese market, the suppliers must come up with upgraded
technologies, engineering capabilities, complete systems, and
responsive service offerings. The company will initially be
offering the TZL16 RM powershift transmission, the T08 RM
transmission, and the T39 RM tridem axle in China. The company
also plans to introduce more Spicer Rui Ma transmissions and
axles in the coming months.
Earlier, Dana expanded its operational capabilities in Wuxi by
opening a new aftermarket distribution center. The centre will
likely enhance product availability and improve delivery time to
the aftermarket customers. The company also plans to open a
12,000 square-meter technical center in Wuxi in 2013, which will
support the development of an advanced product through research,
design development and testing of drivetrain.
Maumee, Ohio-based Dana is one of the world's leading suppliers
of driveline, sealing, and thermal technologies, which improves
the efficiency and performance of passenger, commercial and
highway vehicles. The company's major competitors include
Magna International Inc.
American Axle & Manufacturing Holdings Inc.
Currently, Dana retains a Zacks #3 Rank, which translates into a
short-term (1 to 3 months) Hold rating.