Kirloskar Pneumatics to sell RoadRailer intermodal products in India.
Wabash National, India’s Kirloskar Pneumatic Co. Ltd. Sign RoadRailer(R) LAFAYETTE, IN (MARKET WIRE) 09/11/07 Wabash National Corporation (NYSE: WNC) today announced that it signed a license agreement with Kirloskar Pneumatic Co. Ltd. (KPCL) for Wabash’s RoadRailer(R) intermodal system.
Under the terms of the agreement, Wabash National has granted KPCL the rights to manufacture and sell RoadRailer intermodal products in India.
RoadRailer is a unique technology with the flexibility of an over-the- road trailer that is specially equipped for railroad intermodal service. It is particularly adaptable for countries that are developing freight infrastructures.
“Wabash National is pleased to provide a RoadRailer license to KPCL,” said Dick Giromini, president and CEO of Wabash National. “This agreement will allow Wabash National and KPCL to participate in the rapidly growing Indianmarket, and enable KPCL to provide India with this innovative technology asthe country modernizes its transportation infrastructure.” Kirloskar Pneumatic Co. Ltd., based in Pune, India, is part of Kirloskar Group of Companies, a multi-billion dollar engineering conglomerate driving critical industries. The Kirloskar Group of Companies specialize in areas such as power, construction, mining, Agriculture, transportation, oil and gas, and environment protection, with a range of world-class industrial products and turnkey services. KPCL, established in 1958, manufactures air- compressors, air conditioning, air refrigeration compressors, traction gears and transmission equipment. It has revenue of approximately $90 Million and approximately 900 employees.
Headquartered in Lafayette, Ind., Wabash National(R) Corporation (NYSE: WNC) is one of the leading manufacturers of semi trailers in North America.Established in 1985, the company specializes in the design and production of dry freight vans, refrigerated vans, flatbed trailers, drop deck trailers, and intermodal equipment. Its innovative core products are sold under the DuraPlate(R), ArcticLite(R), and Eagle(R) brand names. The company operates two wholly owned subsidiaries: Transcraft Corporation, a manufacturer of flatbed and drop deck trailers; and Wabash National Trailer Centers, a retail distributor of new and used trailers and aftermarket parts throughout the U.S. and Canada.
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