CDTi And Hino Trucks Enter Into A Distribution Agreement
A part of Toyota Group Companies and a subsidiary of Hino Motors Ltd., Hino Trucks is located in West Virginia and has been the prime assembler of trucks for several years now. The company manufactures trucks under the brand name Hino by providing service parts and components for both Toyota and Hino products. Hino has established its name globally and is known for its high quality, durable heavy-duty, medium-duty trucks and buses. As to this date, the brand is 80-years-old and it is also the record holder for being the third largest truck manufacture globally. In the U.S., its customers know of it as being the fastest growing truck brand.
Recently, the company entered a distribution contract with Clean Diesel Technologies Inc., whose prime motive is to control the advanced emissions caused by the trucking industry. The supply agreement will enable Hino Motors to distribute CDTi’s DuraFit™ diesel oxidation catalysts (DOCs) and diesel particulate filters (DPFs) to company’s 300+ dealerships in North America. Clean Diesel Technologies is expected to send the agreed upon shipments during the mid of this quarter.
Eric Bippus, Executive Vice President of Sales and Marketing at CDTi, stated, “The agreement with Hino reflects continued commercial momentum in a key growth market for CDTi. Hino is one of the top medium truck manufacturers in the U.S., and its national network is an excellent fit as CDTi further expands its North American distribution footprint. This marks another critical milestone as CDTi partners with leading OEMs to pursue the multi-million dollar opportunity for replacement DPFs and DOCs.”
Manufactured and designed in North America, these DuraFit DOCs and DPFs are the fastest-development heavy duty aftermarket, set to replace novel equipment units. According to a research by Power System’s market analysts, OEMs in North America are producing an average of approximately 250,000 on-road, heavy-duty vehicles since 2007 that are equipped with DPFs and DOCs to abide by the U.S Environmental Protection Agency requisitions.
The market for DuraFit DPFs and DOCs is expected to grow up to $3 billion by the end of 2017, as reported in a 2012 industry report detailing the prospects of medium duty-and heavy-duty post-repair and maintenance costs. DPFs and DOCs, unlike many other OEMs, they are to be replaced only twice or thrice in a vehicle’s lifetime, which makes it cost-efficient with a promise of steady performance. – See more at: http://truckernews.com/cdti-and-hino-trucks-enter-into-a-distribution-agreement-p721-90.htm#sthash.2grDsTpt.dpuf