Schaeffler Establishes a New Manufacturing Location in China
Schaeffler has expanded its production capacities by investing in a new manufacturing location in Xiangtan, in the Chinese province of Hunan. This move serves to highlight the depth of Schaeffler’s trust in the Chinese market.
Schaeffler has signed a cooperation agreement with the Hunan provincial government in Anting, where the Schaeffler Group’s Chinese headquarters are situated. This agreement includes the investment in a new production campus in Xiangtan, in the country’s Hunan province, in order to expand the company’s production capacity in the Greater China region and thus improve its delivery capability for customers on both the domestic and international markets.
The expansion of this new location is planned in stages and will begin with the construction of a manufacturing plant that will cover 20 hectares and produce automobile parts and precision bearings, with initial operation planned for the end of 2018. An additional phase of expansion will see a second plant constructed together with a logistics center and a training facility.
“Since 1995, when Schaeffler began investing in manufacturing plants and in research and development facilities in China, we have established ourselves on the Chinese market and our market share has consistently increased”, said Dr. Yilin Zhang, CEO of Schaeffler Greater China during the signing ceremony of the cooperation agreement.
About Schaeffler AG
The Schaeffler Group is one of the world’s leading integrated automotive and industrial suppliers. The company stands for the highest quality, outstanding technology, and strong innovative ability. The Schaeffler Group makes a decisive contribution to “mobility for tomorrow” with high-precision components and systems in engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The technology company generated sales of approximately 13.2 billion euros in 2015. With around 85,000 employees, Schaeffler is one of the world’s largest companies in family ownership. It has a worldwide network of manufacturing locations, research and development facilities, and sales companies at approximately 170 locations in over 50 countries.
Since its investment in China in 1995, Schaeffler Greater China has become an important supplier and business partner to the automotive and industrial sectors in China. Upholding the concept of “in the region, for the region”, Schaeffler Greater China is committed to providing products at the best quality and zero distance services to customers. Currently, Schaeffler Greater China has around 11,000 employees, one R&D center in Anting, eight production plants in Taicang, Suzhou, Yinchuan, and Nanjing, and 22 sales offices in mainland China, including Peking, Shanghai, Hong Kong, and Taiwan. Schaeffler Greater China was honored with the “China Top Employer 2016” award and has been named as an outstanding company with regard to social responsibility.
For more information, visit www.schaeffler.com.