Showing posts with the label ZF Foxconn Chassis Modules

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Against the trend: Supplier ZF Foxconn Chassis Modules expects doubling of sales until 2029

Celebrating 30 years of global chassis modules assembly and logistics excellence Malaysia: Presence since 2012 spread across two plants, serving diverse customer base. 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 diver...