Lafayette-based Wabash National Corp. (NYSE: WNC) says it has forged a 10-year agreement with one of its key suppliers, which the trailer maker says should give it more certainty in sourcing materials. Wabash says the decade-long agreement with Norway-based Hydro will provide greater reliability in accessing aluminum products.
Wabash says Hydro has been a supplier of aluminum extrusions for more than 12 years.
“We selected Hydro as a strategic supplier partner because we share the same values and vision for where our industry is headed,” said Richard Mansilla, vice president, global supply chain for Wabash. “We believe this partnership with Hydro will help us address our aluminum supply needs in the near term to aid in Wabash National’s ability to increase production of dry van trailers and refrigerated trailers and truck bodies.”
Under this agreement, Hydro will be a key supplier for Wabash National’s demand for dry van trailers, truck bodies and refrigerated trailers with molded structural composite technology.
Wabash says MSC improves thermal efficiency by 25% and reducing weight more than traditional designs.
The agreement runs through 2031.
Mansilla says Wabash and Hydro intend to work together on developing new, innovative products.