Strengthening in the forklift segment
ZF: Joint venture with Chinese company Anhui Heli
ZF Friedrichshafen will enter into a joint venture with the Chinese company Anhui Heli. The name of the company will be ZF-HELI Drivetech (Hefei) Co, Ltd. This joint venture will give ZF access to the largest and fastest growing forklift market in China. In addition, ZF rounds off its extensive product portfolio with the products of Anhui Heli.
China is a strategically important growth market for ZF Friedrichshafen. The ZF Industrial Technology Division, forklift systems business unit, is now to participate in this growth through the joint venture with the listed Chinese company Anhui Heli Co, Ltd.
"In Heli, we have a partner with outstanding expertise in forklift trucks. The company is the market leader in China and the seventh largest company in the forklift segment worldwide. The combination of our ZF products in the premium and high-tech segment with the cost advantages of Heli products creates a system provider with a comprehensive product range for hydrodynamically and electrically driven forklifts," says ZF Board of Management member Wilhelm Rehm, responsible for the Commercial Vehicle and Industrial Technology divisions.
ZF will contribute its forklift products (transmissions and axles) from the Chinese plant in Hangzhou to the joint venture, while Heli will contribute part of its transmission and axle production.
ZF holds 51 percent of the shares in the joint venture. This enables ZF to implement its "best choice" approach both in China and globally. The company offers customized products in the basic, highline and premium segments. The joint venture targets the customer Heli, as the company is currently already a supplier and customer as well as a manufacturer of complete forklift trucks. In addition, ZF will serve other customers from Asia and worldwide with these products. kp
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