ZF-Algeria JV opened
ZF-Algeria, a joint venture between the German ZF Group and the National Industrial Vehicles Company (SNVI), officially opened Tuesday in Rouiba (Algiers). The ceremony was attended by the German ambassador in Algeria, general manager of ZF-Algeria, and vice-chairman of ZF-Germany. ZF-Algeria deals with assembling, gradual industrialisation, marketing and after-sale services of ZF gearboxes on lorries and buses.
Established in July 2003, following agreements concluded in April 2001, the new JV will receive the necessary industrial equipment to start production in 2005, APS reported.
ZF Group is a leading worldwide automotive supplier for driveline and chassis technology. With total sales of over Euro 8.9 billion and almost 53,500 employees at 119 locations in 25 countries, ZF is number 15 among international automotive suppliers. (menarepot.com)
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