Global automotive supplier ZF Foxconn Chassis Modules (ZFFCN) expects to double its annual sales from actual USD4.4bn (Euro 4bn) to USD8.8bn (Euro 8bn) by 2029. Contrary to the situational decline in the global automotive market, ZFFCN is benefiting from a strong order intake of top tier OEM such as BMW, Mercedes-Benz and Stellantis.
ZF Foxconn Hero is a joint venture of Hero Motors, India and ZF Foxconn Chassis Modules, Germany, has a plant in Oragadam Chennai, catering to a prestigious global customer BMW. Furthermore, it is poised for growth through capacity expansion, new model launches to support
BMW’s car assembly and organic market increase of its current customer base and through catering to requirements of newer brands.
ZFFCN owns plants in Kulim and Pekan (Malaysia), two plants in Rayong (Thailand) as well as one plant in Haiphong (Vietnam) which cater to a diverse customer portfolio. Today, ZFFCN looks back on 30 years of axle modules assembly. The supplier legacy of the 50-50 joint venture between ZF Friedrichshafen AG and Foxconn (Hon Hai Technology Group) traces back to August 1994, when the first axle sets left the plant in Duncan (USA) towards customer BMW. Since then, the customer proximity, logistics
and assembly expertise are valued through long-lasting partnerships with the world’s leading OEM.
Eike Dorff, a proven senior executive with 30 years of automotive experience, is the CEO of ZFFCN and states: “Today we have two good reasons to celebrate. First, for thirty years, our valued teams around the world have proven that our chassis modules expertise is market leading. I feel grateful for our teams and trusting partners. Second, the recent strong order intake fuels our business growth also in the Asian-Pacific region and will enable us to double our sales by 2029. Experience, adaptability, unconditional
customer focus and passion remain our guarantors for the client’s success.”
During his recent visit in India, Eike remarked that “the Indian auto market is really buzzing.” He expressed his vision of positioning the company as the “next-door partner” for manufacturers in the Indian mobility industry, reflecting the company’s commitment to building strong, collaborative relationships and being a reliable partner in this dynamic market.
“We Are Excited About Opportunities In The Indian Automotive Market And Are Customer Focused As Patner Next Door”-— Eike Dorff, Ceo, Zf Foxconn Chassis Modules
Against The Trend:
Supplier ZF Foxconn Chassis Modules expects doubling of sales until 2029 celebrating 30 years of Global Chassis Modules Assembly and Logistics Excellence India: Since 2015 continuously serving its customer.
- A total of 40million axle sets globally produced since 1994
- A total of 1.9million car sets produced in AP Region and India since 2002
- Acquisition focus also on Asian NEV companies
- Continuous growth through strong order intake and outsourcing
- Sales increase expected from actual USD 4.4bn to USD 8.8bn by 2029
Thinus Steyn, ZF Foxconn Chassis Modules AP Region Vice President adds: “Celebrating 30 years of chassis modules excellence overall and 22 years of successful axle systems business in the Asia-Pacific Region is a remarkable testament of trusting customers and the best teamwork.” “ZFFCN’s orderbook stands strong underpinned by support from internationally renowned brands like BMW, Mercedes-Benz & Porsche. Our footprint in India and Malaysia has now been almost a decade, we have actively worked on expanding our plants’ capacity in response to the growing demand and we are committed to developing local talents pool for many more years to come. I am really happy to celebrate this legacy, backed by the high grade of adaptivity in our production processes here in Asia Pacific. Our successful market presence should support in motivating Asian NEV customers towards trustful partnerships in future,” he explains.
‘We are celebrating 22 years in the asia-pacific region and are committed to expanding capacity and development of local talent’ — Thinus Steyn, ap region vp
Agile Approaches For Renown And Disruptive Customers
With an unparalleled agile productions and logistics expertise, ZFFCN is able to cater to mass production aswell as to Completely Knocked Down (CKD) concepts ofits international customers. Proven tailor-made JIT/JISprocesses and a technology-open approach attract OEM andAsian NEV at the same time.
A customer-focused industrialisation and localization of production and logistics assets has made ZFFCN a preferred partner of BMW, Mercedes-Benz and Porsche in the AP region for two decades.
Leveraging Service Portfolio
ZFFCN strives to be at the forefront of the automotive industry, leveraging its expertise in logistics, operations, industrialization and engineering to deliver added value to a variety of different customers. Many years of portfolio experience and adaptability enable ZFFCN to support its customers globally in a technology-open manner offering services for Combustion Engine (ICE), Hybrid or Fully Electric/ Battery Electric (BEV) vehicles.
For more information about the ZFFCN,
please visit: https://www.zffcn.com/