share_log

Reported September 18, 2024: Allison Transmission Expands Its Footprint In Vietnam With New Dealership Agreement With MIFU Joint Stock Company

Benzinga ·  Sep 19 22:28

Allison Transmission, a global leader in manufacturing conventional, electric hybrid and fully electric vehicle propulsion solutions and the largest producer of fully automatic transmissions for medium- and heavy-duty commercial vehicles, is pleased to announce the appointment of MIFU Joint Stock Company as an Allison Authorized Dealer in Vietnam. This partnership reflects Allison's commitment to strengthening its presence in the Southeast Asian market and delivering exceptional service to its customers in the region.

MIFU, established in 2019, has quickly become a trusted name in the supply of machinery, equipment and services for the transportation and port industries in Vietnam. As part of this new dealership agreement, MIFU will focus on port tractors at seaports across the country, providing overhaul maintenance and original spare parts for Allison's 1000–4000 Series transmissions. Allison 3000 Series in particular will be a key highlight of this partnership, catering to the specific needs of Vietnam's port industry.

Vietnam has launched an ambitious plan to modernize its seaport system, aiming to increase cargo capacity to 1.42 billion tons annually by 2030 and position itself as a major shipping hub in Southeast Asia. Amid this growth, MIFU, a leading provider of port equipment in Vietnam, is well-placed in the expanding market. As the distributor of Terberg yard trucks, which hold a 70% market share in the country, MIFU supplies tractors equipped with Cummins engines and Allison 3000 Series automatic transmissions, known for their durability, reliability and low maintenance needs, crucial advantages for the rigorous demands of 24/7 port operations.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment