Rassini, a Mexican industrial company engaged in the design and manufacturing of suspension and brake components for the automotive industry, expanded its suspension offerings to include leaf springs for the North American Heavy Commercial Truck market, the company announced. Previously only serving South America’s heavy truck industry, Rassini said it anticipates doubling its NA market share within the segment by 2018.
The growing forecast in the region’s commercial truck market has allowed Rassini to enter the market with a strong position, the company said. It added that it was recently awarded a contract from Ford Motor Co. to supply the front suspension technology for the next generation Ford F-650/F-750 Work Truck Series built at Ford’s Ohio Assembly plant.
“We are excited to extend our suspension solutions to a new group of customers. We are working closely with them to ensure we meet their needs and earn their trust,” said Eugenio Madero, president. “With extensive experience in the light truck market throughout North America and the heavy truck market in South America, we have worked hard to become an engineering leader in providing quality products and award-winning technology. Entering the commercial truck market in North America was a natural progression for us and we are already experiencing early success.”
According to a Frost & Sullivan market insight study of the commercial truck market, Strategic Outlook of the Global Medium-Heavy Duty Truck Market in 2015, sales last year saw moderate global growth of 3.3 to 3.6%. In North America specifically, 55% of sales comes from heavy trucks, while the remaining results from medium-duty offerings, the company reports.