ZF Launches Joint Venture with Chinese listed Company Anhui Heli Co., Ltd.

  • Cooperation supports ZF’s activity in the forklift truck segment; strengthens Heli’s core competitiveness in forklift trucks
  • The joint venture gives ZF access to the biggest and fastest growing forklift truck market in the world
  • ZF delivers forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou

Friedrichshafen/ Hefei. ZF Friedrichshafen AG will enter into a joint venture with Chinese company Anhui Heli Co., Ltd. The company, named ZF-HELI Drivetech (Hefei) Co., Ltd., will allow ZF access to the Chinese market, the biggest and fastest growing region for forklift trucks. In addition, ZF will strengthen its extensive product portfolio with Anhui Heli products.

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China is an important, strategic growth market for ZF Friedrichshafen AG. The ZF Industrial Technology Division and the Material Handling Systems Business Unit will now be able to participate in this growth via a new joint venture with Chinese listed company Anhui Heli Co. Ltd.

“With Heli, we have found a partner with an outstanding level of expertise in forklift trucks. This company is the market leader in China and the seventh largest company in the forklift truck segment worldwide. By combining ZF’s products in the premium and high-tech segments with Heli’s cost optimized products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered forklift trucks,” said Wilhelm Rehm, Member of the Board of Management of ZF and responsible for the Industrial Technology and Commercial Vehicle Technology Divisions.

ZF will deliver its forklift truck products (transmissions and axles) from its Chinese plant in Hangzhou to the joint venture. Heli will also contribute part of its own transmission and axle production.

ZF has 51-percent share ownership in the joint venture. As a result, it can now implement its “best choice” approach both in China and internationally. The company offers customized products in the basic, highline and premium segments.

This joint venture targets Heli as a customer, as the company is currently both a supplier and a customer as well as a manufacturer of complete forklift trucks. In addition, ZF will be able to meet customers’ wishes with these products, both in Asia and worldwide.

ZF Friedrichshafen AG

ZF Friedrichshafen AG, also known as ZF Group, and commonly abbreviated to ZF (ZF = “Zahnradfabrik” = “Gear Factory”), is a German car parts maker headquartered in Friedrichshafen, in the south-west German region of Baden-Württemberg.

Specialising in engineering, it is primarily known for its design, research and 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 such as construction equipment. It is also involved in rail, marine, defence and aviation industries, as well as general industrial applications. ZF has 230 production locations in 40 countries with approximately 138,000 employees. ZF Friedrichshafen is more than 90% owned by the Zeppelin Foundation, which is largely controlled by the town of Friedrichshafen.

About Anhui Heli Co., Ltd.

Anhui Heli is a Chinese construction equipment maker, primarily known for producing forklift trucks. With about 1 billion USD in turnover for forklifts, Heli is the largest maker in China and the 8th-largest in the world based on a ranking by 2011 sales revenue compiled by Modern Materials Handling.

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