Commercial vehicle manufacturers TRATON GROUP and Hino Motors, Ltd. have established the procurement joint venture ‘HINO & TRATON Global Procurement‘ in order to maximise the global procurement synergies between the two companies. The joint procurement targets a wide range of parts and technologies whose purchasing contracts are made by the two companies. Through this partnership, HINO and TRATON anticipate an increased global footprint, in particular in Europe and Asia, resulting in an expanded supplier base.

“The joint venture is a key milestone of our strategic partnership,” said Yoshio Shimo, president & CEO of Hino Motors Ltd. “It enables HINO to offer products that meet customers‘ needs faster and appropriately priced. We are also in talks with TRATON about additional areas of collaboration announced in September 2018, which also aims to join forces in the area of electric mobility.”

Andreas Renschler, CEO of TRATON SE and member of the board of management of Volkswagen AG, said their customers would benefit from an even larger basis of suppliers.

TRATON holds a 51% stake and Hino 49%, and the joint venture will have offices both in Munich and Tokyo.

Back in 2018 Hino Motors, Ltd. and TRATON signed an agreement, aiming for a mutually beneficial strategic long-term partnership on eye-level. Based on their shared value to “offer customers the highest value”, both companies agreed to explore each other‘s capabilities to cooperate in existing and new technologies as well as in procurement.