Renewal of long term contract with global agricultural and off-highway equipment manufacturer
Rivoli, Italy – Pfäffikon SZ, Switzerland – May 14, 2013 – Oerlikon’s Drive Systems Segment announces a long term contract worth up to CHF 600 million with a major global agricultural and off-highway equipment manufacturer. The contract covers high performances gears, shafts, crown-wheel and pinions, shifting solutions and torque hub assemblies. The supply agreement also includes final drives and transmissions. “This order demonstrates significant customer confidence and extends our relationship into new businesses, applications and geographies”, said Heriberto Diarte, Segment CEO of Drive Systems.
The new agreement represents a renewal of Oerlikon’s business with this renowned equipment manufacturer that has been a customer for more than 50 years. The contract comprises new product development programs, new applications, customer production network reorganization and the complete outsourcing of certain products and production assets to Oerlikon. Under the new contract, the Drive Systems Segment will also supply final drives and transmissions specifically designed and manufactured for harvesting machinery and equipment. The contract runs until the end of 2015 and will be fulfilled by Oerlikon Drive Systems Segment production sites worldwide.