Parker Hannifin, the global leader in motion and control technologies, has announced an agreement with Nabtesco Corporation of Japan to market and sell Nabtesco's range of advanced air dryers for use in commercial vehicles. These dryers are used in compressed air systems to improve the performance and safety of air braking units, and to reduce operators’ maintenance costs.
In the agreement, Parker's Racor Division and Nabtesco's Automotive Products Company will collaborate to introduce the latest air dryers into the medium- and heavy-duty truck market in North and South America.
Braking systems used in commercial vehicles normally use air generated by on-board compressors. The nature of the operating environment, however, can lead to the generation of moisture in air lines that, in turn, can freeze or cause rust to form on internal metal surfaces. Over time, these problems can lead to increased maintenance costs, reduced braking efficiency and potentially failure in braking systems. Installing a Nabtesco air dryer effectively removes moisture from the compressed air system and delivers clean, dry air into the brakes.
Peter Popoff, President of the Parker Filtration Group, explains that, "Nabtesco is recognised as the market leader for commercial vehicle air dryers in Japan. We welcome their technical expertise and innovative, high quality products that will allow Parker to expand its current business in the commercial vehicle sector.”
Mr. Takuma Segawa, Executive Officer and President of the Automotive Products Company, Nabtesco Corporation added, “For nearly 40 years, Parker Racor has been dedicated to advancing the technology of engine and mobile equipment filtration around the world. We are pleased that our state-of-the-
With annual sales exceeding $12 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs approximately 62,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information site at http://www.phstock.com.
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Parker Hannifin plc, European Product Information Centre, Parker House, 55 Maylands Avenue, Hemel Hempstead, Herts, HP2 4SJ. Tel: 00800 27 27 5374.
Email: epic@parker.com
This information was written by 4CM.
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