A total of 40million axle sets globally produced since 1994
A total of 1.9million carsets 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
Malaysia: Capacity expansion and new model launches to support Porsche’s car assembly in Malaysia
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.
ZFFCN has two plants in Malaysia which are located at Kulim and Pekan, catering to a diverse customer portfolio. Furthermore, the Malaysian operations is poised for growth through organic market increase of its current customer base and through catering to requirements of newer brands.
ZFFCN celebrates 30 years of chassis modules excellence in all its 25 international locations. 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, CEO of ZF Foxconn Chassis Modules explains: “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 really 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.”
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 Malaysia’s orderbook stands strong underpinned by support from internationally renowned brands like BMW, Mercedes-Benz & Porsche. Our footprint in Malaysia has now been over a decade, we have actively worked on expanding our Malaysian plants’ capacity in response to the growing demand and we are committed to developing the local talent 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 South East Asia. Our successful market presence should support in motivating Asian NEV customers towards trustful partnerships in future,” he continues.
Agile approaches for renown and disruptive customers
With an unparalleled agile productions and logistics expertise, ZFFCN is able to cater to mass production as well as to Completely Knocked Down (CKD) concepts of its international customers. Proven tailor-made JIT/JIS processes and a technology-open approach attract OEM and Asian NEV at the same time.
A customer-focused industrialisation and localisation 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 ZFFCN's website.
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