Stemco to Focus on Core Product Lines, Exits Others
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Commercial vehicle supplier Stemco announced a series of changes to its product lines in an effort to refocus resources on its core products, which are its wheel-end and king pin product lines.
It will exit the brake products category and cease production of the Motor Wheel brake drum and Crewson brake adjuster product lines.
After exploring alternatives, Stemco was unable to find a partner to carry the Motor Wheel brake drum and Crewson brake adjuster brands forward. Orders will be taken until July 31 and shipped based on customer demand. Stemco will honor warranty needs going forward, according to the Longview, Texas-based company.
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Additionally, it entered into an agreement to sell the Lunar air disc brake product line and manufacturing facility back to Commercial Vehicle Components. The transaction is subject to regulatory approval in China, which is expected to take four to six weeks. From now and until regulatory approval is received, there will be no change to ordering, shipping or invoicing. Customers will continue to place orders with and receive orders from Stemco.
Additionally, Stemco will no longer distribute Stemco Gaff polyurethane products.
In an email distributed to customers, Stemco President Eric Vaillancourt wrote, “We have a rich history of manufacturing the best seals, hub caps, bearings, axle fasteners, king pins, and air springs in the industry. As we diversified our product offering, we got away from what made us a wheel end innovator. With this announcement, we have chosen to focus our resources on continuing to do what we do best; world class manufacturing and engineering, as well as launching innovative and exciting new products.”
He added: “Together, we press on to brighter days ahead for Stemco as we continue our mission of making the roadways safer. We truly thank you for your business and support.”
Stemco is an EnPro Industries company. — Transport Topics
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