Oshkosh Corporation expands global footprint with third office in China
Oshkosh, Wis. - Oshkosh Corporation (NYSE:
OSK), a leading designer, manufacturer and marketer of specialty vehicles and vehicle bodies, announced today that it had opened an Asia Procurement Center in Shanghai, China, as part of its global growth strategy.The Oshkosh Corporation also has offices in Beijing and Hong Kong, which illustrates the Company's strong outlook for continued strength in its expanding global business.
"Aggressive international growth leads our business strategy. Opening a procurement office in Shanghai allows us to support our global manufacturing efforts by leveraging a local supply of parts, which enhances our long term competitiveness and strengthens our leadership position in the markets we serve," said Robert Bohn, Oshkosh Corporation chairman and chief executive officer.
"Broadening our global footprint with local offices increases the scale of our operations, which is key to fueling our future growth."
Oshkosh Corporation employees and business partners gathered at the new Shanghai office for a celebratory ribbon-cutting ceremony.
Company leaders spoke to guests about the company's plan for conducting and growing business in China, and stressed the importance of strengthening strategic partnerships with suppliers.
The new corporate office is located at 1601, Yongda International Building; 2277, Long Yang Road; Shanghai, PRC.
The company currently has manufacturing facilities in 11 countries and additional service operations in 16 countries.
Oshkosh Corporation's products and services are sold in more than 130 countries across the globe.
About Oshkosh Corporation
Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies. Oshkosh Corporation manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, CON-E-CO, London and IMT.
The Oshkosh brands are valued worldwide in businesses where high quality, superior performance, rugged reliability and long-term value are paramount. For more information, log on to www.oshkoshcorporation.com.
Forward-Looking Statements
This press release contains statements that the Company believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact, including statements regarding the Company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.
These factors include the cyclical nature of the Company's access equipment, commercial and fire & emergency markets, especially during a recession, which the U.S. economy may be entering; risks related to reductions in government expenditures, the uncertainty of government contracts; and the Company's ability to turnaround its Geesink Norba Group business.
Additional information concerning these and other factors is contained in the Company's filings with the Securities and Exchange Commission.
Oshkosh CorporationFinancial:Patrick DavidsonVice President, Investor Relations+1 920.966.5939 or Media:Ann StawskiVice President, Marketing Communications+1 920.966.5959
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