On May 1, 2012, ZF Friedrichshafen AG announced that Dr. Stefan Sommer has officially assumed the position of CEO of the Group. For the Chinese market, Dr. Sommer emphasized the need to further consolidate ZF 's leading position among auto parts suppliers. In the first quarter of 2012, ZF's sales in China increased by 28% year-on-year. With this good start, in 2012 ZF expects its growth rate in the Chinese market to be 17%.
As one of ZF’s most important global markets, sales in the Chinese market already account for more than 10% of the Group’s sales, and ZF will further expand its business in the Chinese market. At the same time, more products will be developed locally at ZF Shanghai Engineering Technology Center in the future.
On April 27, 2012, at the annual news conference of ZF Group, Dr. Sommer and Hans-Georg Härter, former CEO of ZF, announced ZF Group sales in 2011. Amount - reached a record high of 15.5 billion euros, a year-on-year increase of 20%. Among them, ZF sales growth in China is also very strong, about 14 billion yuan, an increase of 14%.
Dr. Sommer said that ZF will further accelerate China's localization to consolidate its market position in China. "By setting up a new production base, we will continue to expand ZF's business in China. For example, we have announced that we will build a new passenger car axle manufacturing base in Beijing to better serve the Chinese market." Dr. Mur said. It is reported that after the new plant is completed and put into operation by the end of 2012, 350 employees will join the plant, and 200,000 sets of axles will be assembled each year, mainly for Beijing Benz Automobile Co., Ltd. (BBAC).
As a new year's development goal, ZF will pay more attention to the "localization strategy." ZF Shanghai Engineering and Technology Center will focus on the research and development of localized innovative products and will carry out localized manufacturing through ZF's production base in China. ZF has entered the Chinese market for more than 30 years. Currently, it has 21 production bases and 5,536 employees. Compared to 2011, it has more than 1,000 new employees (4,318 employees in 2010), an increase of 28% over the previous year.
Dr. Somer, 49, has a Ph.D. in mechanical engineering and joined ZF Group in 2008 as a director of the former ZF Saks AG. In 2010, he was appointed as the executive vice president of ZF Group, responsible for material management. In July 2011, the ZF Supervisory Board appointed him as the successor to Hans-Georg Härter, former CEO of ZF. Prior to joining ZF, Dr. Sommer served at ITT Automotive Europe GmbH and served as senior vice president of customer service at Continental AG and EBS projects.
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