In the coming years, the Schaeffler Group will invest approximately 300 million Euros in Asia to systematically further expand its existing production operations. On the one hand, the investment will be used to expand the existing production bases in China, India, South Korea and Vietnam; on the other hand, two new plants for rolling bearing, engine and transmission components will be built in China and a new one will be built in India. Production base. The purpose of the investment is to meet the growing demand from Asian customers for Schaeffler Group products and services. The construction of the new factory will be completed in 2012. In addition, in addition to existing R&D centers in China and Korea, it will build and expand R&D bases in India and Japan. Schaeffler Group President and CEO Dr. Joan M. Geisinger emphasized the importance of these investments: "In the long run, Asia will be one of the regions where we have the highest growth in global sales. In the past In the past few years, the growth rates of all business units have been very high.We are strengthening our strength in the Asian economic region by expanding our existing production bases and building three new factories.We are close to our customers and we develop and produce engines and transmissions for the automotive industry. High-precision products in the field, as well as system solutions for industrial applications, are important factors for our system to take advantage of the growth opportunities in the region." Mr. Wolfgang Denggag, President of the Schaeffler Group in Asia Pacific, said, “The demand for high-precision automotive products that save energy and improve efficiency, as well as for renewable energy applications such as wind power, is increasing. The current investment plan makes us In the past, I was more involved in the progress of Asian economic and technological progress." Feed Processing Machinery,Automatic Chute Feeder,Chute Feeder AIR JET LOOM Co., Ltd. , http://www.nsjetloom.com
Schaeffler Group to Further Expand Production Operations in Asia