On June 26, ZF Group, a globally recognized top 500 company, officially broke ground on ZF Drive Technology (Hangzhou) Co., Ltd., its 17th subsidiary in China. This marks a significant step in the company's long-term strategy to strengthen its presence and support the growing demand in the Chinese automotive market.
ZF (Hangzhou) Co., Ltd., a wholly-owned subsidiary of the German ZF Group, was established in 2005 with a total investment of $19.26 million and a registered capital of $7.71 million. The company specializes in manufacturing and selling self-operated manual gearboxes for commercial vehicles, along with related components. With an annual production capacity of 35,000 heavy-duty commercial vehicle gearboxes, it serves major Chinese automakers. The company aims to become a key player in the Chinese market by 2010.
Wolfgang Vogel, Executive Vice President of ZF Group’s Commercial Vehicles and Special Drive Systems division, emphasized that China's commercial vehicle market is experiencing rapid growth, and the transmission segment has been a stable and expanding area for many years. He noted that 12-speed and 16-speed synchronized gearboxes are becoming increasingly popular among automotive manufacturers. To meet this demand, ZF plans to introduce its most advanced products to China and position ZF (Hangzhou) as a leading local manufacturer. "To achieve our goals, win customer trust, and capture market share, we must fully localize our operations," said Vogel.
Joachim Holzner, General Manager of ZF (Hangzhou) Co., Ltd., also mentioned that the company plans to expand its product line in the near future to include gearboxes for light commercial vehicles.
Investors of ZF Transmission Technology (Hangzhou) Co., Ltd. include the ZF Group, which was founded in 1915 and has since become a global leader in automotive transmission and chassis technology. Its product range includes transmissions, drive systems, chassis components, and bearing systems. With 125 production facilities across 26 countries and nearly 54,500 employees worldwide, ZF Group generated sales of €10.8 billion in 2005. It ranked third among German auto parts suppliers and 15th globally among automobile manufacturers.
Air Preheaters (APH)
An air preheater (APH) is a device used to heat air, commonly used in industrial boilers, thermal power plants, and other thermal energy facilities. APH improves the thermal efficiency of the boiler by transferring heat from the flue gas to the air entering the boiler through heat exchange with it.
APH usually consists of a Heat Exchanger with a number of parallel pipes inside the exchanger through which smoke and air flow to allow heat exchange. In APH, the smoke flows on the outside of the heat exchanger and the air flows on the inside so that the heat between the smoke and the air can be transferred through the pipe walls.
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