ZF is planning a joint venture with the Chinese forklift producer Anhui Heli. The cooperative ZF-Heli Drivetech is planned to become a system provider for hydrodynamic and electrically powered forklifts, offering a wide range of products in future.
Currently, China is the largest market in the world for forklifts and the German supplier wants to take advantage of the growing market. ZF will maintain 51% ownership of the joint venture ZF-Heli Drivetech, and is planning to produce its products, namely transmissions and axles, in the Chinese factory at Hangzhou. Additionally, Heli will support the production of transmissions and axles with their own facilities and capacities.
ZF is planning to kill two birds with one stone; not only will the partnership offer them access to the protective Chinese market, but the added production capabilities will allow them to expand their product range as well. “With Heli, we have found a partner with an outstanding level of expertise in forklift trucks. This company is the market leader in China and the seventh largest company in the forklift truck segment worldwide. By combining ZF’s products in the premium and high-tech segments with Heli’s cost optimized products we are able to create a systems supplier with a comprehensive product range for hydrodynamic and electrically powered forklift trucks,” said Wilhelm Rehm, Member of the Board of Management of ZF and responsible for the Industrial Technology and Commercial Vehicle Technology Divisions.