"For both companies the new HELLA Pagid joint venture is an outstanding opportunity to expand their global market position," confirms Carsten Albrecht, Member of the HELLA Management Board, Business Division Aftermarket & Special OE. "Pagid brake friction is produced by TMD Friction, a group known for its excellent quality and cutting-edge technology. This brand with a range of products completing the full braking system is a natural fit within the HELLA product portfolio, perfectly meeting the high standards of our customers and our own product philosophy." Since 2006 TMD Friction and HELLA have been cooperating in the wholesale business in Scandinavia and the Baltics. In 2010 the two companies have begun to intensify their cooperation, mutually reinforcing their respective positions on the Chinese aftermarket. "As long-standing partners we have already achieved a great deal and have excellent experiences together.