MIC, the leading provider of GTM solutions in the automotive industry, wins ZF Friedrichshafen as a new customer

Central Classification | Origin Calculation | News 4 December 2014

According to a Global Trade Management study by the ARC Advisory Group in 2013 MIC not only defended its market leadership as a provider of GTM solutions in the automotive industry, but has also gained significant market share since the last study in 2010. MIC currently has more than 31% of the market share in the automotive industry. (Source: ARC Advisory Group, Global Trade Management / Global Market Research Study / Market Analysis and Forecast through 2017).

And market share continues to grow. MIC Customs Solutions is glad to represent ZF Friedrichshafen AG as a new client in our customer portfolio. ZF Friedrichshafen AG is one of the largest automotive supplier worldwide and one of the world's leading companies in the field of driveline and chassis technology with 122 production companies in 26 countries. After an acquisition of TRW Automotive Holdings Corporation, which has about 138,000 employees, ZF Friedrichshafen will improve its market position even further. This acquisition should be completed by the end of the first half of 2015 according to a ZF Press Release dated 15.09.2014.

ZF Friedrichshafen joins MIC's top customers in the automotive industry, such as PSA Peugeot Citroën, General Motors, Scania and also Tier One suppliers such as Delphi and Bosch.

The current focus of this project is on MIC's solution for efficient and automated calculation of origin, as well as the management of supplier declarations (MIC OCS), which allows the handling of more than 85 free trade agreements. MIC's classification tool MIC CCS | CTC is included in the project scope too. MIC CCS | CTC offers the possibility to classify products accurately according to the different national tariffs, while the workload is reduced through automation and thus cost savings and increased compliance can be achieved.

The MIC group currently employs approximately 220 people around the world. More than 700 international customers, many of whom are global players, rely on MIC Customs Solutions software products for their foreign trade management solutions.

If you want to learn more about MIC, please contact us via [email protected].