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On January 8, 2014, CSR and ZF AG held a press conference in Osnabrück, Germany, and officially announced that CSR acquired ZF 's metal rubber product business unit, which is the largest in China's auto parts industry in Europe. Cross-border acquisitions.
According to reports, CSR's Zhuzhou Times New Materials signed a contract with German ZF Group on December 11 last year to acquire ZF Group's metal rubber product business unit. The core assets involved in this transaction are the well-known brands of automotive vibration damping systems, and German Borg, a 100-year-old company owned by ZF. Its global annual sales are approximately 700 million euros. The total number of employees worldwide is approximately 3,500, of which 3 plants are located in Germany. There are 1800 employees.
China South Locomotive has promised to continue its employment guarantee for the 3rd factory in Germany, and has increased its investment in R&D and production to account for 5% of sales, and has increased its investment in the entire Borg business by 50 million euros over the next five years.
Recovery straps and tow straps are sometimes used interchangeably, but it's important to note that both cannot be used for the same purposes. The main difference between a towing strap and a recovery strap is the fabric and its ability to stretch. These straps are made of a nylon fabrication so they can stretch. A vehicle tow strap is usually made of polyester which stretches less than nylon. A tow strap does just that: tows a vehicle behind another. You'll generally find a tow strap with hooks on each end. Traditional tow straps and chains are similar in their towing applications.
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