ZF has opened its first plant in Vietnam for an unnamed new customer in Hai Phong.
The EUR25m (US$28m ) facility, located in Vinfast’s 70-ha Supplier Park of Vinfast Manufacturing Automobile and E scooter Plant on the Cat Hai Island off the country’s northern shore, produces chassis modules.
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“This cooperation offers ZF the opportunity to get in on the ground floor of a new market”, said ZF Board of Management member, Michael Hankel. “We are proud to embark on this journey together with Vinfast right here in Hai Phong.”
Next to the customer’s facility, the plant is designed and equipped to produce chassis module sets just-in-time at a rate of 38 jobs per hour. Series production started at the end of July – only a little over a year after establishing the customer relationship.
“With the plant in Hai Phong we add another efficient chassis module assembly plant to our global business network,” added ZF Chassis Technology Division head, Peter Holdmann.
“This underlines the market leadership we have reached for chassis just-in-time deliveries globally. The ability to set up assembly plants in very close proximity to our customer’s operations at every place on earth is a must for just-in-time deliveries and clear core competence of our business.
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By GlobalDataThe Vietnamese car industry is one of the fastest growing in South East Asia.
Vinfast, founded in 2017 as the first Vietnamese automotive manufacturer, uses ZF as one of its main chassis technology suppliers.
