Traton Group and Hino Motors have established Hino & Traton Global Procurement.
The joint procurement targets a range of parts and technologies whose purchasing contracts are made by the two companies.
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Through the partnership, Hino and Traton anticipate an increased global footprint, in particular in Europe and Asia, resulting in an expanded supplier base.
“The joint venture is a key milestone of our strategic partnership,” said Hino Motors president & CEO, Yoshio Shimo.
“It enables Hino to offer products that meet customers` needs faster and appropriately priced. We are also in talks with Traton about additional areas of collaboration announced in September, 2018, which also aims to join forces in the area of electric mobility.”
Traton holds a 51% stake and Hino, 49%, while the joint venture will have offices both in Munich and Tokyo.
In 2018, Hino Motors and Traton signed an agreement, aiming for a long-term partnership.
Both companies have agreed to explore each other’s capabilities to cooperate in existing and new technologies as well as in procurement.
