China is a strategically important growth market for ZF Friedrichshafen AG. ZF's Industrial Technology Division, Forklift Systems Business Area, will now participate in this growth through the joint venture with the listed Chinese company Anhui Heli Co.
"With Heli, we have a partner with outstanding expertise in forklift trucks," says ZF Board member Wilhelm Rehm, responsible for the Commercial Vehicle and Industrial Technology divisions. "The company is the market leader in China and the seventh largest company in the forklift segment worldwide. The combination of our ZF products in the premium and high-tech segment with the cost advantages of helicopter products creates a system provider with a comprehensive product range for hydrodynamically and electrically powered forklifts."
ZF is contributing its forklift truck products (gears and axles) from the Hangzhou plant in China to the joint venture, while Heli is contributing part of its transmission and axle production.
ZF holds 51 percent of the shares in the joint venture. The company offers customized products in the basic, highline and premium segment.
Heli is currently a supplier and customer as well as manufacturer of complete forklifts. In addition, ZF intends to use these products to serve additional customers from Asia and around the world.