ZF plans to increase production by RMB 200 million in Han

On August 30, 2016, Wuhan Economic and Technological Development Zone (Hannan District) and ZF Tianhe Automotive Components Co., Ltd. signed a memorandum of cooperation. In the next five years, the latter will increase investment in the Economic Development Zone by US$30 million ( About 200 million yuan (RMB) to upgrade existing production capacity.

Tianhe Automotive Parts Wuhan Branch settled in Wuhan Economic Development Zone in May 2011 and mainly produces automotive parts and components such as calipers, vacuum boosters and brake master cylinders. In September 2014, ZF Group of Germany and Tianhe Automotive Holdings Corporation reached an M&A transaction, becoming the second largest auto parts manufacturer in the world.

The cooperation memorandum shows that after the capital increase and production expansion, the ZF Wuhan plant will add new products such as automobile disc brakes, electric parking brakes, airbags and seat belts. It is expected that the total annual output value of RMB 3,300 million will be realized in 2021. Increased 1,500 jobs.

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