Hans-Georg Hörter, CEO of ZF, expects the company's sales to reach a record high in 2011, breaking through 15.5 billion euros (about 20.2 billion U.S. dollars), a year-on-year increase of 20%.
For each market, ZF expects sales in the North American market to grow 40% year-on-year in 2011; South America market to increase 15% year-on-year; European market sales will increase 20% year-on-year, including Western Europe market growth of 30% year-on-year; Asia Pacific market sales The amount may increase by 10% year-on-year.
ZF expects that in 2011 the company will increase its investment in the construction of new factories, acquisitions of other companies, and investments in science and technology by up to 1 billion euros (about 1.3 billion U.S. dollars). In 2011, the number of ZF employees worldwide will increase by 7,500 to 72,100.
As for 2012, H?rter expects that in 2012 the company's sales will increase by 1 billion euros (about 1.3 billion US dollars) year-on-year; the total investment amount will reach 1.4 billion euros (about 1.8 billion US dollars); the number of employees will increase by 4,500.
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