PSI and MAT to Bring Cleantech Engine Production to Asia
The joint venture will draw on relationships that both companies have already established in the region. PSI sells a large number of engines to customers based in
PSI currently supplies engines to Chinese forklift manufacturers and other material-handling equipment manufacturers from its US base of operations. According to
"PSI's existing and prospective customers have requested that we establish operations in
PSI's leadership believes that the company's emphasis on leading-edge technologies and investments in personnel will give the joint venture a significant advantage over competing Asian businesses. Along with its existing product line, PSI will contribute engineering resources, customer service tools, and key financing to the endeavor.
MAT and its subsidiaries utilize global manufacturing and logistics to supply high-quality products in three main areas, including automotive hard parts, power equipment, and hardware.
The joint venture will begin by supplying 2.0 liter and 2.4 liter engines to PSI's material-handling customers based in
Current trends in the
1 Based on internal data together with data from the World Industrial Truck Statistics (WITS) organization.
2 Per the Research In
3 "Medium-Term Gas Market Report 2012," released at the
4 As reported in the
CONTACT: For more information about this release, please contact:Source:
Jeremy LessarisDirector of Marketing Power Solutions International 201 Mittel Dr. Wood Dale, IL60191 www.psiengines.com Phone: +1 (630) 350-9400 E-mail: firstname.lastname@example.org Bob CraigMedia Contact MAT HoldingsPhone: +1 (847) 383-8595
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