ZF is a global technology company and supplies systems for passenger cars, commercial vehicles, and industrial technology, enabling the next generation of mobility.
With its comprehensive technology portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF continually enhances its systems in the areas of digital connectivity and automation to allow vehicles to see, think and act.
In 2018, ZF achieved sales of €36.9 billion, and annually the company dedicates around 2.5 billion euros to research and development.
The company has a global workforce of 149,000 with approximately 230 locations in 40 countries. ZF invests over six percent of its sales in research and development annually.
Business in Serbia
ZF Friedrichshafen AG officially opened the plant in the city of Pancevo on 12th June 2019 after only one year of construction works.
It is a factory of automotive components in the industrial zone of Pancevo, where over 1.000 people will be employed, plus additional 300 in the planned R&D centre.
This factory produces electric motors for hybrid and electric cars as well as controlers for gearboxes and micro switches. The demand for these products is high, which is why already the plant’s premises are being expanding from 25.000 to 60.000 m2.
In addition to the factory, ZF is building a state of the art 5.000 m2 research & development centre, where about 300 engineers will perform complex performance and durability testing of electric motors and electric drives.
- Number of employees – over 1.000
- 5,000 m2 Research & Development Center is under construction
A manager at ZF Friedrichshafen, Michael Hankel, stated that numerous factors had contributed to the choice of Serbia as the country for an investment of EUR 160 million, Tanjug reports.
"Numerous factors have influenced the decision where to build the factory, and we picked Pancevo thanks to the excellent infrastructure. We have plenty of room to expand the factory, potentials for its development, several transportation roads, and there's also the proximity of the capital of Serbia", Hankel said.
Mr. Michael Hankel (at the opening ceremony in Pancevo, 12th July 2019.)
Responsible for: Corporate Production, Car Powertrain Technology, Car Chassis Technology, Electronic Systems