The 5-year analysis of ZF Steering Gear (India) Ltd's performance infers:
We analysed the performance of ZF Steering Gear (India) Ltd share prices over the last 10 years. Here is what we found out:
ZF Steering Gear started in 1981 to manufacture Mechanical - worm & roller and integral hydraulic power steering gears in financial and technical collaboration with ZF Friedrichafen AG Germany, the world's largest independent steering gears manufacturer.
The factory of the company has workforce of 700 persons out of which more than 500 are qualified and experienced engineers working in various departments such as production, quality control, product
The factory of the company has workforce of 700 persons out of which more than 500 are qualified and experienced engineers working in various departments such as production, quality control, product development, design, heat treatment, marketing, etc for meeting the quality standard of manufacturing.
The factory is equipped with advanced specially designed machinery from ZF Germany for manufacturing critical components and includes systematic cluster of wide range of CNC machines and special purpose machines.
The factory has its own in-house heat treatment facility consisting of Sealed Quench Furnaces,Pit Carburised Furnaces for case Carburising, nitriding etc. The Heat Treatment department also has well equipped metallurgical laboratory for material testing. Present installed capacity is 1,40,000 units of mechanical steering gears and 2,70,000 units of power steering gears per annum, and the sales-turnover of ZF India for the year 2007-2008 was Rs. 258 crore.
In view of the encouraging response from the automobile manufacturers of repute, expansion plans are in progress, for expanding the production capacity well in advance of mechanical steering gears to the level of 1,50,000 units and power steering gears 3,00,000 units.
Product range of the company includes:
The company is also engaged in new product developments
Different divisions of the company are : Research & Development Production Engineering Heat Treatment
Achievements/ recognition :1. Quality Certification - - ISO/ TS 16949 : 2002 TUV : Rheinland - DIN EN ISO - 14001:1996 TUV : Rheinland2. Awarded ISO 9001 Certification by BVQI.