RNS Number : 9420X
23 February 2012
23rd February 2012
BODYCOTE AND ZF LENKSYSTEME (JINAN / CHINA) SIGN 5-YEAR AGREEMENT
MACCLESFIELD (U.K.) - Bodycote (LSE:BOY), the world's largest thermal processing services provider, today announces the signing of a five year contract with ZF Lenksysteme, a joint venture between Robert Bosch GmbH and ZF Friedrichshafen AG.
Bodycote will provide ZF Lenksysteme (ZFL) with premium heat treatment services in China for heavy truck steering components, all of which are consumed within the local Asia market. ZFL's advanced truck steering mechanisms are much in demand in Asia due to their proven ability to safely control very heavily-loaded trucks under variable road conditions.
The new contract involves direct support for the ZFL manufacturing facility in Jinan, Shandong Province. The services for ZFL were developed and proven at Bodycote's plant in Wuxi, Jiangsu province as a precursor to establishing a new Bodycote greenfield site in Jinan, near the ZFL facility. The work will be transferred to the Bodycote Jinan facility, once construction of this new site has been completed later this year. This will make way for further business development at Wuxi, while at the same time helping the expansion of Bodycote's services to other customers in the region of Jinan.
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With more than 170 accredited facilities in 27 countries, Bodycote is the world's largest provider of thermal processing services. Through heat treatment, metal joining, surface technology and Hot Isostatic Pressing (HIP), Bodycote improves the properties of metals and alloys, extending the life of vital components for a wide range of industries, including aerospace, defence, automotive, power generation, oil & gas, construction, medical and transportation. Customers in all of these industries have entrusted their products to Bodycote's care for more than 30 years. For more information, visit www.bodycote.com.
For further information, please contact:
Stephen Harris, Chief Executive +44 (0) 1625 505300
David Landless, Group Finance Director +44 (0) 1625 505300
Susanne Yule +44 (0) 20 7269 7291
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