Gates Launches New G-Force WorkHorse CVT Belt For Off-Road Vehicles
Portfolio Pulse from Happy Mohamed
Gates (NYSE:GTES), a global manufacturer of power transmission and fluid power solutions, has announced an expansion to its G-Force product portfolio with the launch of the G-Force WorkHorse CVT belt for off-road vehicles. The new belt is designed for high performance and durability in tough conditions. It is compatible with a range of UTV & ATV models and more vehicles will be added throughout 2023. Gates will also be gradually sunsetting the original G-Force and G-Force C12 product lines.
August 01, 2023 | 2:45 pm
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POSITIVE IMPACT
Gates' launch of the G-Force WorkHorse CVT belt could potentially boost its revenues as it expands its product portfolio. The sunsetting of the original G-Force and G-Force C12 product lines could also streamline its offerings and reduce costs.
The launch of a new product typically leads to an increase in revenues, especially if the product is innovative and meets market needs. The sunsetting of older product lines could also lead to cost savings, as the company can focus its resources on promoting and improving the new product.
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