On April 30, 2014, ZF Group's annual press conference was held in Stuttgart. Dr. Sommer said: "Once again, we have achieved an increase above the market average, with outstanding performance in Europe, the United States and China. The ability and diligence of ZF employees are the key to our success. "At present, the ZF Group employs approximately 72,600 people worldwide, of whom 41,900 employees work in Germany. In 2013, the number of employees in the Group achieved a 6% increase. In 2013, the Group’s sales reached 16.8 billion Euros, which achieved an 8% growth, and the number of employees has maintained a steady increase as the Group’s sales. Dr. Sommer said: “The sales growth in the Asia-Pacific market reached 15%, which is obvious for the Group’s sales growth. In 2013, ZF established new passenger car axle systems in China and Malaysia. Base and get new orders." The sales in North America and Asia-Pacific markets have reached 3 billion euros, making ZF the most important market in addition to the European market. Sales in the European market increased by 8%, and sales growth in the North American market was 5%. Sales growth in the two regions was slightly lower than in the Far East market. In July 2013, ZF’s Gray Court transmission plant in South Carolina, USA, was officially put into operation and was responsible for the production of an 8-speed automatic transmission and a 9-speed automatic transmission. ZF is currently expanding this. Transmission factory to meet the growing market demand. Dr Sommer emphasized: "The US market is also one of ZF's key markets. With the official operation of Gray Court's new transmission plant, ZF will better meet customer needs." Dr. Murr estimates that ZF may start production of a nine-speed automatic transmission in China from 2017 to supply to the Asia-Pacific market. By implementing a production localization strategy, ZF will effectively avoid excessive reliance on a single market. In each product segment in 2013, ZF passenger car transmission technology and Chassis Technology Division performed very well, with sales increased by 15% and 11% respectively; Sales volume of Commercial Vehicle Technology Division increased 7%; Sales of Electronic Systems Division and ZF Sales Services also increased by 4% and 6% year-on-year. Compared with the very strong global demand in these areas, due to the severe market development status, the sales of the Industrial Technology Division decreased by 9% year-on-year. ZF has always been committed to the research and development of innovative products. In 2013, ZF invested 5% of its sales in innovative R&D. The investment was about 836 million euros for property assets, plants and equipment. The investment was 954 million euros, a decrease of 7% compared to 2012. While achieving continuous sales growth, ZF has effectively increased the Group's operating profit, operating profit increased from 597 million euros to 765 million euros, an increase of 27%, and sales yield rose from 3.8% to 4.5% . Dr. Konstantin Sauer, member of the Board of Directors of ZF Group and head of the company's finances, explained: "We have spent a lot of time on the adjustment of the cost structure. Now, the optimization of the cost structure is an effective increase in profits. Contributions have been made.†Through reorganization of material management and optimization of net working capital, ZF Group not only promotes the growth of corporate performance, but also enhances the capital liquidity status of the company. Dr. Sommer said: “ZF Group expects to achieve growth in major markets and industries in 2014. The output of new production-oriented companies that will be operational in 2013 will also be significantly increased.†According to Dr. Sommer’s expectations , Group sales will show a high single-digit percentage growth this year, and the group's performance will also be effectively improved. ZF Group will add 2,000 new jobs globally in 2014, and a quarter of its new employees will work in Germany. We have lot of hot rolled steel bar raw steel materials which is used to do futher processing such as cold drawn round bar, square bar, hex bar, flat bar, peeled steel bar, ground and polished steel bar and do heat treatment on steel bars such as annealing, normalizing, quenching and tempering and some other CNC machining steel bar. Hot Rolled Steel Round Bar,Carbon Steel Round Bar,Alloy Steel Round Bar,Chromium Nickel Molybdenum Steel SHANDONG LE REN SPECIAL STEEL CO., LTD. , https://www.sdcolddrawnsteelbar.com
Dr. Stefan Sommer, CEO of ZF Group
News original title: ZF's global performance growth creates more job opportunities for markets across the country