ZF Sachs AG Guide, Meaning , Facts, Information and Description
Sachs is a German manufacturer of motorcycles, mopeds, power-assited bicycles and ATVss.
At August 1, 1895 the Schweinfurter Präcisions-Kugellagerwerke Fichtel & Sachs oHG
was founded in Schweinfurt by the inventor Ernst Sachs and the investor Karl Fichtel.
At the beginning it produced ball bearings and bycicle hub.
In 1911 - the year Fichtel died - the company had approximately 7,000 employees.
In 1923 the oHG was changed to a stock corporation, the ball bearing division was sold to the swedish concern SKF with the condition that the production had to stay forever in Schweinfurt.
From 1929 until 1996 F&S also produced motors, first for bicycles, later also for motorbikes
and even for very small cars, e.g. Messerschmitt Kabinenroller.
Also in 1929 F&S starts production of components for cars, mainly couplings and shock absorbers.
Ernst Sachs died in 1932, in 1936 his son Willy Sachs donatad the sport arena Willy-Sachs-Stadion to Schweinfurt. This present is still contentious because of Willy Sachs's membership of Nazi party.
In 1987 the German Mannesmann AG got the majority of F&S stocks, in 1997 F&S was renamed to Mannesmann Sachs AG.
In 2001 Sachs was sold to ZF Friedrichshafen AG and renamed to ZF Sachs AG .
The bycicle division was sold to US-company SRAM Corporation,
so the Sachs group of ZF now concentrates on the production of car components for drive and chassis.
In 2003 the ZF Sachs AG had 16,511 employees in 19 countries and a volume of sales of 2,095 millions €.
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