TRATON and Hino establish a procurement joint venture
- Procurement joint venture “HINO & TRATON Global Procurement” established as concretion of 2018 Strategic Cooperation Framework Agreement
- Hino President & CEO Yoshio Shimo: “Provide best products to customers through enhanced global optimum procurement capability”
- TRATON CEO Andreas Renschler: “Determinedly executing the Global Champion Strategy”
Munich / Tokyo, October 29, 2019 – Commercial vehicle manufacturers TRATON Group and Hino Motors, Ltd. have reached a further milestone in their strategic partnership aiming to offer customers the highest value: The two companies have established the procurement joint venture “HINO & TRATON Global Procurement GmbH” in order to maximize the global procurement synergies between the two companies. Operations will start with immediate effect. The joint procurement targets a wide range of parts and technologies whose purchasing contracts are made by the two companies or their respective affiliates. Through this partnership, Hino and TRATON anticipate an increased global footprint, in particular in Europe and Asia, resulting in an expanded supplier base.
Yoshio Shimo, President & CEO of Hino Motors, Ltd.: “The joint venture is a key milestone of our strategic partnership. It enables Hino to offer products that meet customers’ needs faster and appropriately priced. We are also in talks about additional areas of collaboration announced in September 2018, which also aims to join forces in the area of electric mobility.“
Andreas Renschler, CEO of TRATON SE and Member of the Board of Management of Volkswagen AG: “The partnership with Hino is important for our Global Champion Strategy which we continue to determinedly execute. Our customers are going to benefit from an even larger basis of suppliers.”
TRATON will hold a 51% stake and Hino 49%, and the company will have offices, both in Munich and Tokyo.
Back in 2018 Hino Motors, Ltd. and TRATON had signed an agreement, aiming for a mutually beneficial strategic long-term partnership on eye-level. Based on their shared value “offer customers the highest value”, both companies had agreed to explore each other’s capabilities to cooperate in existing and new technologies as well as in procurement.
Hino Motors, Ltd. is a Toyota Group company selling trucks and buses in more than 90 countries. Number of employees totals 34,000 globally, and produces vehicles in over 20 countries including the 4 major plants in Japan. Hino slogan is “Trucks and buses that do more”. To put “Trucks and buses that do more” into practice, Hino will provide “appropriate products with safety and environment technologies”, “ultimately customized total support for customers”, and “challenge new fields”.
With its brands Scania, MAN, Volkswagen Truck & Bus, Navistar, and RIO, TRATON SE is one of the world’s leading commercial vehicle manufacturers. Its offering comprises light-duty commercial vehicles, trucks, and buses. The Group aims to reinvent transportation — with its products, its services, and as a partner to its customers. For TRATON, sustainable economic growth always includes treating people and nature with respect. The People, Planet, and Performance triad will shape the future of our Company.