ZF Group (China) Business Report FY ended Dec. 2015
Recent Development of Parent Company
-In May 2015, the Company completed the acquisition of U.S.-based TRW for approximately USD 12,400 million.
-In January 2015, ZF Friedrichshafen AG sold all of its 50% stake in the steering systems joint venture ZF Lenksysteme to the joint venture partner Robert Bosch. The Chinese subsidiaries of ZF Lenksysteme would be merged into Robert Bosch, including ZF Shanghai Steering Systems Co., Ltd., ZF Shanghai Steering Systems (Yantai) Co., Ltd., ZF Shanghai Steering Systems (Wuhan) Co., Ltd., ZF Steering Jincheng (Nanjing) Co., Ltd., and ZF Commercial Vehicle Steering (Shandong) Co., Ltd.
-In September 2014, ZF Friedrichshafen AG sold its Rubber & Plastics business unit to Chinese rubber and plastic products manufacturer Zhuzhou Times New Material Technology (TMT). ZF Boge Elastmetall's Chinese subsidiary, ZF Boge Elastmetall (Shanghai) Co., Ltd., would be merged into Zhuzhou Times New Material Technology (TMT).
-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)
-BAIC ZF (Beijing) Automotive Chassis System Co., Ltd. was established by ZF Friedrichshafen AG and Beijing Automotive Industry Corporation (BAIC Group) in the Beijing Economic and Technological Development Area (BDA). The new joint venture's products are front/rear chassis modules, which would be supplied to the various cars of the BAIC Group.
-ZF announced that it is considerably expanding its headquarters for China and Asia-Pacific in Shanghai. The space for offices, laboratories, and test benches will almost be quadrupled from 11,000 to 54,000 square meters. Currently, approximately 400 employees work at the location at China's east coast; with the new area, the Company makes room for 900 employees. The building will be completed at the end of 2015. In the next five years, the Company will invest approximately EUR 50 million in this project. At the new building, the Company will be able to test products of car driveline and chassis technology as well as commercial vehicle or construction machinery transmissions. A test facility for the new 9-speed automatic transmission will also be installed in the new building; as of 2017, this new transmission will be produced in China as well. (From a press release on July 23, 2014)
-ZF TRW announced that it has opened a crash sled section at its Anting Technical Centre in China. This facility, ZF's fourth collision testing facility in the world, is equipped with the latest-generation servo sled and dummy calibration devices. The equipment provides advanced frontal crash testing with a yaw reproducing realistic 3D crash simulations, which exceeds US NCAP requirements for Oblique Moving Deformable Barrier at 90km/h. The equipment can test front seat collision only, rear seat collision only or a combination, and has the capability for multiple seat plan alterations. (From press release on April 14, 2016)
-ZF announced that it was considerably expanding its headquarters for China and Asia-Pacific in Shanghai. The new laboratories, and test benches would be able to test products of car driveline and chassis technology as well as commercial vehicle or construction machinery transmissions. A test facility for the new 9-speed automatic transmission would also be installed in the new building; as of 2017, this new transmission would be produced in China as well. (From a press release on July 23, 2014)
Investment in China
-ZF Friedrichshafen AG and Beijing Automotive Industry Corporation (BAIC Group) have founded a joint venture for developing and assembling passenger car chassis systems, which was named as 'BAIC ZF (Beijing) Automotive Chassis System Co., Ltd.'. The joint venture, in which ZF holds a 51-percent share, is located in the Beijing Economic and Technological Development Area (BDA). Starting in 2015, engineers and plant planners would kick off development work and prepare the installation of production equipment; the launch of chassis module assembly was scheduled for the next year. Then about 200 employees would assemble front and rear chassis modules with a starting capacity of 200,000 units for just-in-sequence delivery. The customers would be the various car brands of the BAIC Group. The two partners are investing more than EUR 10 million in the new plant, which will cover an area of 16,000 square meters. (From a press release on October 9, 2014)