Federal-Mogul and NUCAP Industries Form Strategic Partnership for North American Friction Category
Resource from: GLOBE NEWSWIRE Likes:171
Sep 13,2016
Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporation (NASDAQ:FDML), today named NUCAP Industries as a strategic partner for its North American brake manufacturing programs, aligning the companies to raise the bar for product performance and safety across the aftermarket. The partnership provides Federal-Mogul Motorparts, a leading global manufacturer of original equipment and replacement friction products, the opportunity to more fully integrate NUCAP's range of innovative brake foundation technologies.
"The independent aftermarket was built on trust and there can be no compromise in the quality of safety-critical components such as brake products. This new strategic partnership will help us strengthen the market's standards for brake performance and speed the development of proprietary technologies that improve overall product safety, stopping power, noise reduction, durability and other important product characteristics," said Dan Ninivaggi, CEO, Federal-Mogul Motorparts. "We look forward to an even closer collaboration with NUCAP, a key supplier for many years, in producing and delivering the highest quality, North American-manufactured braking products for our North American customers at a competitive cost."
"We are proud to be a strategic partner to Federal-Mogul Motorparts and look forward to working together to set new standards for braking within the North American aftermarket," said NUCAP CEO, Montu Khokhar. "We believe that product safety and on-road performance are cornerstones in the market, which has driven NUCAP's 20 year history of product innovation. Just like Federal-Mogul, we are committed to the idea that the quality and capability of the parts going on a customer's car are critical."
NUCAP's status as a strategic partner to Federal-Mogul Motorparts is an evolution of the companies' long-standing relationship. NUCAP has supplied foundation components and advanced technologies to Federal-Mogul Motorparts for OE and replacement brake pad programs over the past 18 years. Both companies have a history of market leadership in the development of advanced technologies for the braking category, and both are past winners of the Automotive News PACE Awards for product innovation.
About Federal-Mogul
Federal-Mogul Holdings Corporation (NASDAQ:FDML) is a leading global supplier of products and services to the world's manufacturers and servicers of vehicles and equipment in the automotive, light, medium and heavy-duty commercial, marine, rail, aerospace, power generation and industrial markets. The company's products and services enable improved fuel economy, reduced emissions and enhanced vehicle safety.
Federal-Mogul operates two independent business divisions, each with a chief executive officer reporting to Federal-Mogul's Board of Directors.
Federal-Mogul Motorparts sells and distributes a broad portfolio of products through more than 20 of the world's most recognized brands in the global vehicle aftermarket, while also serving original equipment vehicle manufacturers with products including braking, wipers and a range of chassis components. The company's aftermarket brands include BERU®* ignition systems; Champion® lighting, spark plugs, wipers and filters; Interfil® filters; AE®, Fel-Pro®, FP Diesel®, Goetze®, Glyco®, Nüral®, Payen® and Sealed Power® engine products; MOOG® chassis components; and Ferodo®, Jurid® and Wagner® brake products and lighting.
Federal-Mogul Powertrain designs and manufactures original equipment powertrain components and systems protection products for automotive, heavy-duty, industrial and transport applications.
Federal-Mogul was founded in Detroit in 1899 and maintains its worldwide headquarters in Southfield, Michigan. The company employs nearly 50,000 in 34 countries. For more information, please visit www.FMMotorparts.com.
*BERU is a registered trademark of BorgWarner Ludwigsburg GmbH
About NUCAP Industries
NUCAP Industries Inc. is the global leader in the design, development and manufacture of industry leading brake components and specializes in attachment technologies for the automotive, industrial, rail, aerospace, and light to heavy-duty commercial vehicle markets. NUCAP's products focus on improvements in their customer's manufacturing process, in-use performance, and overall product safety.
With a 20 year history in product innovation for the automotive and commercial vehicle markets, NUCAP has developed and released a series of category-leading products, including disc brake backing plates, noise abatement shims, disc brake attaching hardware, caliper abutment hardware, electronic wear sensors, along with drum brake shoes and levers.
NUCAP's current technology offerings include NRS mechanical friction attachment system, FineBlank Plus O.E. Specification Backing Plates, NU-Lok Shims, E-Coated NRS Plates, Quiet Clip Abutment Hardware, Drag Reduction Clips (DRT), Brake Align, and NU-Lok Piston Cushion.
Privately held, NUCAP was founded in Toronto, in 1996, and today supplies the world's leading Original Equipment and Aftermarket manufacturers via locations in Canada, China, Spain and the United States. For more information, please visit www.NUCAP.com.
(GLOBE NEWSWIRE)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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