ZF launches joint venture with Chinese firm

Posted on 26 Feb 2018 and read 337 times
ZF launches joint venture with Chinese firmZF Friedrichshafen AG (www.zf.com) has entered into a joint venture (JV) with the Chinese company Anhui Heli Co Ltd (www.helichina.net) to form ZF-Heli Drivetech (Hefei) Co Ltd.

This JV will give ZF access to the Chinese market, the biggest and fastest-growing region for fork-lift trucks; it will also strengthen ZF’s extensive product portfolio with Anhui Heli products.

ZF board member Wilhelm Rehm said: “With Heli, we have found a partner with an outstanding level of expertise in fork-lift trucks.

“This company is the market leader in China and the seventh-largest company in the fork-lift truck segment world-wide.

By combining ZF’s products, in the premium and high-tech segments with Heli’s cost-optimised products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered fork-lift trucks.”

ZF will deliver its fork-lift truck products to the JV from its Chinese plant in Hangzhou. Heli will contribute part of its transmission and axle production. ZF has a 51% share in the JV.

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