Auto Supplier ZF Friedrichshafen AG Announces Financials For 2000 and First Quarter 2001

Apr 25, 2001, 01:00 ET from ZF Friedrichshafen AG

    FRIEDRICHSHAFEN, Germany, April 25 /PRNewswire/ -- ZF Friedrichshafen AG
 (ZF), the world's largest independent supplier of transmission and chassis
 technology, reported continued growth during 2000 and the first quarter of
 2001.
     ZF announced that total worldwide sales had increased by 23 percent to $7
 billion worldwide and that the company's workforce increased by nine percent
 to more than 37,000.
     In addition, ZF invested its highest figure ever, $432 million worldwide
 -- six percent of company sales -- in plants and facilities for the expansion
 of
 research and development activities.
     One quarter of the company's sales ($1.8 billion) came from North American
 operations -- an increase of 47 percent over 1999.  Sales in Asia and South
 America saw increases of 51 and 44 percent, respectively.
     "During the past few years, ZF has significantly expanded its global
 presence and it is paying huge dividends," said ZF Chief Executive Officer,
 Dr. Klaus Bleyer.  "In addition to the high motivation and service goals of
 our workforce, our secure international market position and favorable overall
 trend in the world economy helped deliver the satisfying increases this past
 financial year."
     The first quarter of 2001 saw significant increases as well, with global
 sales totaling $1.9 billion, an increase of 14 percent over 2000.  The
 workforce increased by six percent, bringing the total of ZF worldwide
 employees to more than 37,000.
     Despite the economic downturn in the automotive industry, ZF anticipates
 an overall increase of 10 percent in 2001, due to expansion in the Asian and
 South American markets and investment in development capacities, product
 innovation and E-business initiatives.
     "Though a slower growth rate is anticipated, ZF will continue to drive
 forward the development of its global presence, worldwide research and
 development activities and the foundations of its technical leadership and
 strong market position," Dr. Bleyer said.
     The global ZF Group, a leading automotive systems supplier of driveline
 technology, steering and suspension components, is headquartered in
 Friedrichshafen, Germany.  It employs more than 37,000 people worldwide and
 operates 60 facilities in 17 countries.  In 2000, the ZF Group posted
 worldwide
 sales of $7 billion.  With sales of $1.6 billion in 1999 and sales of $1.8
 billion in 2000, the ZF Group in NAFTA expects annual sales of over $2 billion
 by the year 2002.  ZF Group North American Operations is headquartered in
 Cincinnati, Ohio and operates 17 production sites in the NAFTA region.
 
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SOURCE ZF Friedrichshafen AG
    FRIEDRICHSHAFEN, Germany, April 25 /PRNewswire/ -- ZF Friedrichshafen AG
 (ZF), the world's largest independent supplier of transmission and chassis
 technology, reported continued growth during 2000 and the first quarter of
 2001.
     ZF announced that total worldwide sales had increased by 23 percent to $7
 billion worldwide and that the company's workforce increased by nine percent
 to more than 37,000.
     In addition, ZF invested its highest figure ever, $432 million worldwide
 -- six percent of company sales -- in plants and facilities for the expansion
 of
 research and development activities.
     One quarter of the company's sales ($1.8 billion) came from North American
 operations -- an increase of 47 percent over 1999.  Sales in Asia and South
 America saw increases of 51 and 44 percent, respectively.
     "During the past few years, ZF has significantly expanded its global
 presence and it is paying huge dividends," said ZF Chief Executive Officer,
 Dr. Klaus Bleyer.  "In addition to the high motivation and service goals of
 our workforce, our secure international market position and favorable overall
 trend in the world economy helped deliver the satisfying increases this past
 financial year."
     The first quarter of 2001 saw significant increases as well, with global
 sales totaling $1.9 billion, an increase of 14 percent over 2000.  The
 workforce increased by six percent, bringing the total of ZF worldwide
 employees to more than 37,000.
     Despite the economic downturn in the automotive industry, ZF anticipates
 an overall increase of 10 percent in 2001, due to expansion in the Asian and
 South American markets and investment in development capacities, product
 innovation and E-business initiatives.
     "Though a slower growth rate is anticipated, ZF will continue to drive
 forward the development of its global presence, worldwide research and
 development activities and the foundations of its technical leadership and
 strong market position," Dr. Bleyer said.
     The global ZF Group, a leading automotive systems supplier of driveline
 technology, steering and suspension components, is headquartered in
 Friedrichshafen, Germany.  It employs more than 37,000 people worldwide and
 operates 60 facilities in 17 countries.  In 2000, the ZF Group posted
 worldwide
 sales of $7 billion.  With sales of $1.6 billion in 1999 and sales of $1.8
 billion in 2000, the ZF Group in NAFTA expects annual sales of over $2 billion
 by the year 2002.  ZF Group North American Operations is headquartered in
 Cincinnati, Ohio and operates 17 production sites in the NAFTA region.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X01521688
 
 SOURCE  ZF Friedrichshafen AG