Weichai Holding Group and Kogel Sign a Cooperation Agreement

Weichai Holding Group and Kogel Sign a Cooperation Agreement PR Newswire HANOVER, Germany, Sept. 20, 2012 - Strategic cooperation in development and production of semi-trailers HANOVER, Germany, Sept. 20, 2012 /PRNewswire/ -- Weichai Holding Group Co. Ltd., one of the largest commercial vehicle and automotive manufacturers in China, and the German trailer brand Kogel signed a Letter of Intent (LOI) at the IAA Commercial Vehicle Exhibition. The two partners agreed to long-term collaboration in semi-trailer manufacturing where both partners will contribute with their respective strengths. The official ceremony took place today on the Kogel exhibition stand at the commercial vehicle exhibition IAA in Hanover, Germany. The Letter of Intent was signed by Tan Xuguang, Chairman and CEO of Weichai Holding Group and Ulrich Humbaur, owner of Kogel. "Today is another important milestone for Kogel, the renowned trailer brand. The cooperation with Weichai is an essential part of our global growth strategy," says Ulrich Humbaur. "Kogel has an excellent reputation in China for decades thanks to our innovative and high-quality semi-trailers. We are continuing to build on this. We have found the ideal partner in Weichai." "Weichai has a pioneering role in the market as a result of their resources and product diversity. Our core business is the production of entire drive trains, the so-called golden three section chain for heavy trucks, buses and ships.