ZF Friedrichshafen AG has been deeply cultivating the Asia Pacific market for many years. At present, it has become one of the most important regional markets for the Group. Among them, China's single market is of great importance. In order to further enhance the Group’s R&D capabilities in the Asia-Pacific market and expand its market share in the Far East, the Group will expand its Asia Pacific regional headquarters in Shanghai, mainly adding new office areas, laboratories, and experimental stations. About 5 times now, it will expand from 11,000 square meters to 54,000 square meters.
ZF Shanghai Engineering Center Phase II expansion foundation laying ceremony
As ZF's Asia Pacific headquarters, Shanghai ZF (China) Investment Co., Ltd. is responsible for coordinating and managing the Group's business in China and the Asia Pacific region. Rudivon Meister, president of ZF Asia Pacific, stated: “In the future, we also hope to maintain growth momentum in the Asia-Pacific region. The expansion of ZF Asia Pacific headquarters will undoubtedly lay a solid foundation for the Group’s long-term development in the Asia Pacific region. "The number of employees currently working at ZF's Asia Pacific headquarters is about 500. After the expansion, the area will accommodate 900 employees. The expansion project will be officially launched after the groundbreaking ceremony and is expected to be completed by the end of 2015. In the next five years, ZF will continue to invest approximately EUR 50 million in the project.
In addition to adding corresponding office areas, the new building will be dominated by laboratories and test beds. In response, Dr. Stefan Sommer, CEO of ZF Group, who is also responsible for corporate R&D, stressed: "We will test products related to vehicle driveline and chassis technology in our newly built laboratory. Commercial vehicle transmissions and transmissions for Construction Machinery. It is worth mentioning that, after the expansion of the engineering technology center, engineers from different business units of the Group will have the opportunity to collaborate on R&D and test products in the same office building." This will undoubtedly Bring more benefits to engineers' R&D work. In the same area, mutual communication will become more convenient. The spark of knowledge and the source of creativity will be generated in the collision and communication. More importantly, engineers can adjust the product design according to the needs of the local market. Specially developed products for the Asia Pacific market. In addition, a new set of test equipment will be installed in the new building to specifically tune ZF's latest 9-speed automatic transmission. This transmission is expected to start production in China in 2017.
In 2013, ZF had sales of 3 billion euros in the Asia-Pacific region, an increase of 15% compared to 2012. It has 36 production-oriented companies in 14 countries in the Asia-Pacific region and employs 7,500 employees. ZF entered China in 1980. After setting up the first production-oriented enterprise in China in 1994, it remained active in the market. As the core of the Asia-Pacific market, the Chinese market generated 2 billion euros in sales for the ZF Group in 2013. ZF currently has 25 manufacturing companies in China and employs 5,700 employees. In 2014, ZF is expected to maintain stable growth in the China and Asia Pacific markets and will provide more jobs for the local market. The Shanghai-based engineering center was established in 2005 and is one of the eight major R&D centers of ZF. It is also an integral part of ZF's global R&D network.
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