Very recently German auto-components manufacturer ZF conducted a press meet along with a drive event in Pune announcing their 100 years completion along with setting up of a new facility in India.
Here are the key details which ZF shared:
- The plant will be setup in Pune’s Chakan industrial belt.
- This new plant will cost about 150 crores
- The new facility is coming up at a 21-acre plot within the Chakan Industrial Park
- Plant is expected to go operational by first quarter of 2015
- It is expected to provide employment to around 300-350 persons.
ZF occupies a position among the top-ten auto component manufacturers in the world. It is one of the frontline players in drivetrain and chassis manufacturing technologies. ZF has its presence in 26 countries all over the world, and has about 73,600 people on its global payroll.
Specifically in Asia-Pacific, ZF has 7500 employees, capital expenditure of 84 million euros with sales of 3.0 billion Euros. Here, they have 61 authorised ZF service partners.
Once it undergoes completion, the new facility will deal with car powertrains and commercial vehicle technology. It will also house ZF Services, Engineering and Administration of ZF India. The R & D facility of ZF India will also be located in the same building to help in creating tailormade products for the Indian market. It represents ZF’s increasing commitment and interest towards the Indian market.