Germany’s ZF Group bets on ASEAN

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Germany’s ZF Group is well known for its precision technology

German auto parts supplier ZF Group, one of the largest engineering companies of its kind globally, has said it will invest 1.5 billion euros in the ASEAN region, with key markets being Singapore, Malaysia, Indonesia and Thailand.

“Our key growth bets are on Singapore, Malaysia, Indonesia and Thailand. Much emphasis will also be placed on the marine industry in Vietnam and mining in Australia and Malaysia,” ZF Asia Pacific president Joseph McCorry told Malaysia-based Business Times.

He added that the group is anticipating 2.92 billion euros, or RM11.56 billion, in sales for the Asia Pacific region this year.

Specialising in engineering, ZF Group is primarily known for its design, research & development and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technology for cars and commercial vehicles, along with specialist plant equipment and construction equipment. It is also involved in rail, marine, defense and aviation industries, as well as general industrial applications. ZF currently has 121 production locations in 27 countries with approximately 71,500 employees.

ZF has helped to modernise regional public transport by providing better fuel efficiency and reduced emissions in cities across Asia Pacific, such as Singapore, Malaysia, Thailand and Taiwan, McCorry said. The group’s key partners include the Bangkok Mass Transit Authority, Singapore Mass Rapid Transit, Singapore Bus Services, Rapid KL and TransJakarta.

ZF Group recently has also diversified into power transmission using wind turbines and mud pumps used for onshore drilling in the oil and gas industry. The project has seen some success in Indonesia and the business model is now being brought in to Malaysia. The Germans also seek to partner with Malaysia’s oil major Petronas in offshore drilling.

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Reading Time: 1 minute

Germany’s ZF Group is well known for its precision technology

German auto parts supplier ZF Group, one of the largest engineering companies of its kind globally, has said it will invest 1.5 billion euros in the ASEAN region, with key markets being Singapore, Malaysia, Indonesia and Thailand.

Reading Time: 1 minute

Germany’s ZF Group is well known for its precision technology

German auto parts supplier ZF Group, one of the largest engineering companies of its kind globally, has said it will invest 1.5 billion euros in the ASEAN region, with key markets being Singapore, Malaysia, Indonesia and Thailand.

“Our key growth bets are on Singapore, Malaysia, Indonesia and Thailand. Much emphasis will also be placed on the marine industry in Vietnam and mining in Australia and Malaysia,” ZF Asia Pacific president Joseph McCorry told Malaysia-based Business Times.

He added that the group is anticipating 2.92 billion euros, or RM11.56 billion, in sales for the Asia Pacific region this year.

Specialising in engineering, ZF Group is primarily known for its design, research & development and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technology for cars and commercial vehicles, along with specialist plant equipment and construction equipment. It is also involved in rail, marine, defense and aviation industries, as well as general industrial applications. ZF currently has 121 production locations in 27 countries with approximately 71,500 employees.

ZF has helped to modernise regional public transport by providing better fuel efficiency and reduced emissions in cities across Asia Pacific, such as Singapore, Malaysia, Thailand and Taiwan, McCorry said. The group’s key partners include the Bangkok Mass Transit Authority, Singapore Mass Rapid Transit, Singapore Bus Services, Rapid KL and TransJakarta.

ZF Group recently has also diversified into power transmission using wind turbines and mud pumps used for onshore drilling in the oil and gas industry. The project has seen some success in Indonesia and the business model is now being brought in to Malaysia. The Germans also seek to partner with Malaysia’s oil major Petronas in offshore drilling.

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