ZF TRW Group (China) Business Report FY ended Dec. 2017
-TRW's R&D Center in Asia-Pacific Region
|TRW Automotive R&D (Shanghai) Co., Ltd.
|-Provide technical support to the factories of Group and customers in the Asia-Pacific region.
-Conducted road test at the Winter Road Testing Field in Heihe, Heilongjiang Province
|TRW Anting Technology Center
|-With R&D, design, application, testing and verification capabilities for all TRW products.
Investment in China
-On March 27, 2018, ZF TRW Automotive Holdings Corp. laid the cornerstone of its electric power steering system plant to commemorate the start of the second-phase construction. The total investment is USD 90 million. The company has raised USD 30 million from foreign investors and acquired a new site of 66,667 square meters for the plant construction. The construction work began in May 2018, and the official production launch is scheduled in 2019. The new plant is expected to generate sales of USD 600 million a year when operating at full capacity. (From some releases on May 14, 2018)
-In December 2017, ZF TRW signed a formal contract with Zhangjiagang Economic and Technological Development Zone that ZF TRW will build the Phase II Electric Hydraulic Power Steering System at Zhangjiagang Production Base. The total investment of this project is about US$ 90 million, the newly registered foreign investment is about US$ 30 million, and the newly acquired industrial land is 100 acres. And the project is scheduled to start construction in May, 2018 and officially put into operation in 2019, after the project is completed, it is expected to achieve annual sales of about US$ 600 million. The Phase I ZF Zhangjiagang Production Base Project will be invested in the automotive brake control system and production line of occupant protection systems, the total investment has reached US$150 million so far, it had been officially put into operation in November 2015, the sales revenue in 2016 was US$ 120 million, It is estimated that the sales revenue will exceed US$ 320 million in 2017, and expected sales revenue will reach US$ 910 million. (From a press release on December 14, 2017)
-In April 2017, ZF’s Phase II Engineering Center in Songjiang District, Shanghai was officially put into use during the 2017 Shanghai International Automobile Industry Exhibition. The existing plant of the Company has been expanded to 54,000 square meters with a total investment of approximately 50 million Euros. The new engineering center enable the application development of drive and chassis system technology, the covered business areas include passenger cars, commercial vehicles, rail vehicles and special vehicles. The electrification and EV technology will be its main points of development, as well as the comprehensive testing equipment for ZF’s product mix in the increasing electronic control units (HMI-Human Machine Interface). (From a press release on April 21, 2017)
-On August 30, 2016, ZF TRW Automotive Holdings Corp. signed a memorandum of understanding with the Wuhan Economic & Technological Development Zone (Hannan) on its additional investment project in Wuhan. ZF TRW is planning to invest USD 30 million over the next five years to increase capacity and expand the product line at its existing plant. The plant will construct new lines to produce automotive components like disc brakes, electric parking brakes, airbags, and seatbelts. Its output is expected to reach CNY 3.3 billion by 2021, and this expansion project is expected to create 1,500 new jobs. The Wuhan Plant was constructed in May 2011. It currently produces brake calipers, vacuum boosters, brake master cylinders, and other products. (From news releases issued by multiple sources on September 2, 2016)
-ZF TRW announced that its two new plants, one for brake systems and the other for occupant safety systems, in Zhangjiagang, Jiangsu began operating. The brake system plant, constructed on 23,000 square meters of land, produces electric parking brakes, front brake calipers, and vacuum boosters, and assembles brake housings, carriers and actuators. The plant expects to hire over 750 people in 2016. The safety system plant with a land area of 16,000 square meters produces driver airbags, front passenger airbags, side airbags, and curtain airbags. It also assembles FS1 and SPR4 retractors, lock systems, and hood lifters. The plant intends to employ more than 500 people by the end of 2016. (From news releases issued by multiple sources on November 2, 2015)