Nordström said, “Our main focus is on the development of advanced cooling systems for heavy and medium-duty trucks as well as for buses and diesel engines designed for the world’s power-producing utilities. Going forward our strategy is to grow globally with our key customer’s such as Daimler, Volvo and Scania and to consistently increase fuel efficiency by developing advanced engine and oil cooling systems to meet the growing demands for cleaner and leaner engines. Harmonisation in terms of environmental standards is taking place even in the emerging economies such as South America where legislation today is equal to ‘Euro 5’, whilst in China they are
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already at ‘Euro 4’ stage. In Japan standards’ development is closer to the development of the NA legislation. Nordström added, “Innovation is a key driver for sales as is our ability to provide an unrivalled service for our customers. This has meant investing in new plants, close to our clients’ facilities in the world’s emerging markets. Today, given a normal market development, we anticipate growth of more than 40 per cent over the next three to four years and this will also give us a market share in the Western World (Europe, North and South America) of over 30 per cent. As a result of the world recession, operators have been unable to replace their ageing vehicles after the usual 5-6 years of service, which has resulted in a surge in demand for new vehicles as the world comes out of the longest recession in history. In addition, the development of the Asian truck markets create a demand for more advanced engine and oil cooling technologies. “The next step in emission regulations starting in North America and Europe from around 2020 will for the first time include targets on CO2-reductions which means a clear link to overall reduction of fuel consumption. This in its turn means increased demand for advanced heat exchange solutions as customers are seeking solutions for e.g. Waste Heat Recovery (WHR). Apart from application engineering, we are therefore also developing purpose-built systems and are
driving forward advanced engineering options to develop radical, new heat-exchanger solutions within e.g. the field of WHR.
On-going expansion programme In December 2013 TitanX made the strategic decision to expand its global industrial footprint to include China and Mexico and this decision was backed by a strong order book. The new state-of-the-art manufacturing facilities are scheduled to become fully operational by the second quarter of 2015. China is the world’s largest market and the new factory will provide attractive growth opportunities over the long term for TitanX. In North America the combination of the company’s new factory in Mexico and its existing plant in Jamestown, USA, adds further impetus to its growth potential by enabling TitanX to serve different commercial vehicle OEMs in the most efficient way. The future for TitanX looks positive with our order books looking very strong indeed. For example, we are ‘home-free’ when it comes to the advance orders for our new plants in China, Brazil and Mexico. Furthermore, we are attracting new business opportunities from the indigenous commercial vehicle manufacturers in these growing global markets. Long-term our efforts within Advanced n Engineering also look very promising”. For further details of TitanX’s innovative products and services visit: www.titanx.com
