ZF Group, an equipment supplier for passenger cars, commercial vehicles, and industrial technology, today announced plans to expand its manufacturing facility in Laurens County. The company's $500 million investment will create up to 400 new jobs. The site will be the company’s first North American flex manufacturing facility, serving both passenger car and commercial vehicle applications.
In addition, ZF Group announced a $200 million investment into an automatic transmission production line at the Laurens County facility. The company will make 200,000 transmissions per year by 2025 to supply U.S. commercial vehicle manufacturers.
Parker Poe's Business Expansion and Location Solutions Team was delighted to assist ZF Group with its projects. Parker Poe Consulting’s Azad Khan and Mark Simmons and Parker Poe attorneys Sam Moses, Madison Felder, and Jenny Lawson advised the company on state and local incentives and real estate-related issues.
For more information about the $500 million announcement, click here: ZF Plans $500 Million Investment, Brings Next Generation Mobility to Gray Court
To read more about ZF Group’s $200 million production line announcement, click here: Investing in America: ZF Launches US Production of PowerLine Commercial Vehicle Transmissions
ZF Group is headquartered in Germany. The company supplies systems for passenger cars, commercial vehicles, and industrial technology, offering products and software solutions for vehicle manufacturers and other mobility service providers.
Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investments and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs