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Federal Signal Corporation Announces Establishment of Federal Signal Environmental & Sanitary Vehicle Company, Ltd., Based Near Shanghai, China.

OAK BROOK, Ill., June 27 /PRNewswire/ -- Federal Signal Corporation today announced the signing of a joint venture agreement establishing a new Chinese company, Federal Signal (Shanghai) Environmental & Sanitary Vehicle Company Limited, based near Shanghai, China. Investors in the joint venture include Federal Signal Corporation (50%); United Motor Works, based in Malaysia (15%); and Shanghai Environmental Sanitary Vehicle & Equipment Factory, a Chinese state-owned enterprise, (35%). The joint venture will build compact refuse trucks for the Asian market, with production expected to ramp-up through mid-2006.

Robert Welding, president and chief executive officer, stated, "I am excited about the opportunities the establishment of this joint venture offers Federal Signal and our partners. We have brought together some great strengths from three different companies and countries. We believe the products manufactured will have the most modern and efficient designs for refuse truck bodies anywhere in the world, with the quality and durability that should make them the most desirable choice for Chinese customers and other customers across the world. In addition, the joint venture will have the benefit of an established distribution network in the major cities in China, with expansion plans to other key cities already in the works."

Federal Signal Corporation is a global manufacturer of leading niche products in four operating groups: environmental vehicles and related products, fire rescue vehicles, safety and signaling products, and consumable industrial tooling. Based in Oak Brook, Illinois, the company's shares are traded on the New York Stock Exchange under the symbol FSS.

CONTACT: Stephanie K. Kushner of Federal Signal Corporation, +1-630-954-2020

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Publication:PR Newswire
Geographic Code:1USA
Date:Jun 27, 2005
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