Press Release

2015-Mar-26

ZF in North America: Localization for an Important Market Region

  • The North American market is of great significance for ZF
  • ZF celebrates its centennial in 2015

Louisville, Kentucky. The technology company ZF presents its range of products and expertise for one of the most important market regions at the Mid-America Trucking Show 2015: With figures of €3.7 billion ($4.9 billion) in 2014, the company generated one fifth of the Group sales amounting to €18.4 billion ($24.4 billion) in North America. The planned acquisition of TRW Automotive and upcoming integration of the company are key topics for 2015.

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ZF in North America: Localization for an Important Market Region

“With the new plants in Gainesville, GA, and Gray Court, SC, we are pursuing the strategy of covering the growing demand for our products by localizing production in the market region itself,” said Dr. Stefan Sommer, CEO of ZF Friedrichshafen AG. In 2014, ZF sales in North America have risen by about one fifth compared to the previous year to €3.7 billion ($4.9 billion). This places North America second to Europe in the list of ZF sales according to market regions. In the U.S., ZF achieved a sales figure of €3.4 billion ($4.5 billion) in 2014 (2013: €2.8 billion/$3.8 billion). “The North American market is extremely important to us and showed a stable growth,” stated Sommer. The number of ZF employees in North America reached almost 8,300 at the end of 2014, with approximately 5,000 employees in the U.S.

According to Sommer, North America will continue to be a growth factor in the next years: “The planned acquisition of TRW Automotive will offer the enlarged company entirely new perspectives on the U.S. market.”

The business for commercial vehicle driveline components in the American market offers considerable potential. With the opening of the Gainesville plant in 2013, ZF laid the foundation for future growth. The location’s product range comprises of twin plate clutches, with diameters of 14 and 15.5 inches, for manual commercial vehicle transmissions. ZF also produces 17-inch clutches and the ConAct pneumatic actuator system – both products are suitable for automatic commercial vehicle transmission systems.

One hundred years of ZF, and more than 35 years in the U.S.

Furthermore, the year 2015 will be an important anniversary year for ZF: One hundred years ago, “Zahnradfabrik GmbH” – and thus the core of today’s company – was founded as a company “to produce gears and transmissions for aircraft, motor vehicles, and motorboats”. Despite an eventful history, ZF seized its entrepreneurial opportunities and developed into a worldwide leading company for driveline and chassis technology. ZF has been active in the North American market for more than 35 years. The company has a total of 21 locations in this region – 15 thereof in the U.S. and six in Mexico – and manufactures products for the automotive industry as well as for other sectors.

CONTACT

Bryan Johnson

Senior Manager, Marketing and Communications, ZF North America

+1 734 582-8011

bryan.johnson@zf.com