INDIANAPOLIS - Allison Transmission , a global leader in commercial propulsion solutions, and SANY, a heavy equipment manufacturing giant, have announced the integration of Allison's 4970 Specialty Series™ transmission into SANY's new STC5000 500-ton all-terrain crane. This latest development in their longstanding partnership underscores both companies' commitment to enhancing vehicle performance in challenging environments.
The STC5000 crane, designed for operation in China's remote desert and mountainous regions, will benefit from the 4970 SP transmission's ability to handle difficult terrain with increased productivity and maneuverability. "Our off-highway vehicles require a powerful transmission designed to meet the challenge of navigating difficult terrain," stated Du Jian, R&D Director of Crane Chassis at SANY.
Allison's Specialty Series transmissions are known for their extended torque range and ability to support higher gross vehicle weight, making them suitable for severe duty cycles and harsh conditions. The transmissions utilize patented torque converter technology to multiply peak engine torque at vehicle start, coupled with Continuous Power Technology™ for smooth propulsion. This ensures uninterrupted power delivery during gear shifts and enhances drivability, reliability, and driver control.
The collaboration extends beyond the STC5000 crane, as Allison also provides propulsion solutions for SANY's SAC600E 60-ton crane. "This latest collaboration with SANY...will drive further expansion of Allison's growth in the Off-Highway market Outside North America," said Kartik Ramanan, Executive Director, Global Off-Highway, Customer Support and Service Engineering at Allison Transmission.
Allison Transmission, founded in 1915 and headquartered in Indianapolis, Indiana, is renowned for its medium- and heavy-duty fully automatic transmissions. The company's products are utilized in a diverse range of applications, including trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.
With a market presence in over 150 countries, Allison operates manufacturing facilities in the USA, Hungary, and India and has a global network of approximately 1,600 independent distributors and dealers.
InvestingPro Insights
As Allison Transmission Holdings Inc. (NYSE: NYSE:ALSN) continues to innovate and expand its market presence through strategic collaborations, such as with SANY's new all-terrain crane, investors are taking notice of the company's robust financial health and market performance. With a market capitalization of $6.99 billion, Allison Transmission stands out with a P/E ratio of 10.64, reflecting its earnings power relative to its share price. The company's commitment to shareholder returns is evident through its impressive streak of raising dividends for four consecutive years, showcasing confidence in its financial stability and future prospects.
InvestingPro data highlights Allison Transmission's solid gross profit margins at 48.43% for the last twelve months as of Q1 2023, underscoring its efficiency in managing costs and generating revenue. This financial prowess is complemented by a strong return on assets of 13.88%, indicating effective utilization of its assets to generate profits. Notably, the company has delivered a remarkable one-year price total return of 76.71%, reflecting investor optimism and market confidence in its growth trajectory.
For those looking to delve deeper into Allison Transmission's performance and potential, InvestingPro offers additional insights. With a perfect Piotroski Score of 9, the company demonstrates strong financial health across multiple metrics. Moreover, Allison Transmission's ability to maintain dividend payments for 13 consecutive years is a testament to its financial resilience and commitment to delivering value to its shareholders. There are even more InvestingPro Tips available, providing a comprehensive analysis for investors seeking to make informed decisions. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a total of 12 InvestingPro Tips for Allison Transmission at https://www.investing.com/pro/ALSN.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.