Annual Report 2010 - Knorr-Bremse AG.

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ket also throttled back domestic truck production, so that
output volumes returned to normal.
Chinese manufacturers hold a dominant 98% share of the
domestic commercial vehicle market, which explains why
foreign manufacturers and suppliers are increasingly entering
into joint ventures in order to secure a share of the
growing market. By signing a joint venture agreement with
the Chinese company Chongqing CAFF Automotive Braking
& Steering Systems Co. Ltd. governing the production
of commercial vehicle brake system and drive train components,
Knorr-Bremse too has succeeded in taking an important
strategic step forward in the Chinese market. The
joint venture opened for business at the beginning of
2011. Knorr-Bremse‘s local presence in China through its
companies in Dalian and Shanghai already dates back several
years. The positive market development in 2010
brought Knorr-Bremse major orders in the compressor, torsional
vibration damper, disc brake and electronic brake
control system segments. For example, Knorr-Bremse won
the order to supply CNHTC with compressors for its D20/26
product line. In addition, Knorr-Bremse will be supplying
disc brakes to the Chinese OEM Yutong. To meet rising demand
for disc brakes in the Chinese market, Knorr-Bremse
also prepared the ground for setting up a disc brake assembly
line at its Dalian plant.
The commercial vehicle markets in India and Japan also
experienced an upswing in 2010. Truck production in India
increased 83% to 280,000 vehicles built. Japan, which was
hard hit by the global economic crisis in 2009, recovered to
step up its truck production by 55% to 155,000 units. In
2010, Knorr-Bremse Japan was able to obtain a major order
from vehicle builder Isuzu. For the first time, Knorr-Bremse
will be supplying drum brakes for a Japanese light truck. In
the past, these models have featured hydraulic brakes. The
scope of supply will comprise the complete wheelend
module, plus the electronics and specific valves. The Americas 22.3%
Asia/Australia 26.9%
Europe 50.8%
Consolidated sales by region