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South East Asia

ZF and AAC Announce
Dissolution of Joint Venture

ZF

ZF and AAC have announced that their current Joint Venture agreement officially dissolves.

ZF and AAC Announce Dissolution of Joint Venture

• ZF and AAC dissolve their existing Joint Venture agreement on 22nd December 2021

• AAC acquires ZF’s 51 percent share of the Joint Venture

ZF and the Automotive Asiatic (Thailand) Co, Ltd. (AAC) have announced that their current Joint Venture agreement will officially dissolve, following a mutual agreement to alter the structure of the existing partnership.

The new arrangement will come into effect on 21 December 2021 and will include AAC acquiring ZF’s 51 percent share of the Joint Venture.

After this date, ZF and AAC will continue to remain in close partnership, with the current Joint Venture companies TRW Asiatic., Ltd. (TAC) and TRW Asiatic (M) Sdn Bhd (TAC-M) to become the sole distributors in Thailand and Malaysia for TRW aftermarket products.

Within Thailand and Malaysia, all other ZF brands (ZF,Lemförder, Sachs) and products will be available through ZF Aftermarket.

For customers in ASEAN markets outside of Thailand and Malaysia, all ZF brands will continue to be available from ZF Aftermarket, including the TRW branded product ranges.

Media Contacts:

Subashni Bahsu

Marketing Manager ASEAN & TW

Email:subashni.bahsu@zf.com

ZF and AAC Announce Dissolution of Joint Venture

• ZF and AAC dissolve their existing Joint Venture agreement on 22nd December 2021

• AAC acquires ZF’s 51 percent share of the Joint Venture

ZF and the Automotive Asiatic (Thailand) Co, Ltd. (AAC) have announced that their current Joint Venture agreement will officially dissolve, following a mutual agreement to alter the structure of the existing partnership.

The new arrangement will come into effect on 21 December 2021 and will include AAC acquiring ZF’s 51 percent share of the Joint Venture.

After this date, ZF and AAC will continue to remain in close partnership, with the current Joint Venture companies TRW Asiatic., Ltd. (TAC) and TRW Asiatic (M) Sdn Bhd (TAC-M) to become the sole distributors in Thailand and Malaysia for TRW aftermarket products.

Within Thailand and Malaysia, all other ZF brands (ZF,Lemförder, Sachs) and products will be available through ZF Aftermarket.

For customers in ASEAN markets outside of Thailand and Malaysia, all ZF brands will continue to be available from ZF Aftermarket, including the TRW branded product ranges.

Media Contacts:

Subashni Bahsu

Marketing Manager ASEAN & TW

Email:subashni.bahsu@zf.com

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These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Analytics

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.