There is news from the Schaeffler Group: This Business result 2023 rose by 5,8% in line with the forecast USA A new production site is built and Herzogenaurach receives a new one training centre. The purchase of Aerosint will strengthen the additive manufacturing sector. These and others Schaeffler News can be found below:

Schaeffler news

 

Contents

Schaeffler Group financial results for 2023

05.03.2024/2023/XNUMX | Schaeffler AG's sales will be around in XNUMX 5,8% to 16,3 billion EUR increased. Currency-adjusted sales growth was 5,8 percent, which is within the forecast for the 2023 financial year.

This sales growth is due in particular to increases in volume. In addition, positive selling price effects had an impact on sales development. The EBIT before special items improved to EUR 1.187 million (previous year: EUR 1.046 million). The EBIT margin before special items was 7,3% (previous year: 6,6%).

The area Automotive Technologies significantly improves the EBIT margin before special items, during the Automotive Aftermarket recorded strong sales growth. The division Industrial increased its sales by 2023% currency-adjusted to EUR 3,9 million in the 4.288 financial year. The currency-adjusted sales growth resulted from the positive contribution from the Ewellix Group, which was acquired at the beginning of the year. 

The Prognosis For the 2024 financial year, it expects that the 2024% of Vitesco Technologies shares acquired in January 39 will be included by the third quarter of 2024. The merger with Vitesco Technologies is expected to be registered in the fourth quarter of 2024 and Vitesco Technologies will be included in the consolidated financial statements. On this basis, the stock corporation expects significant currency-adjusted sales growth for the 2024 financial year.

New automotive production site in the USA

26.02.2024/XNUMX/XNUMX | The Motion Technology Company Schaeffler will have a new automotive production site Production in the USA Remove. The new facility will be located in Dover, Ohio. The new, modern infrastructure is being built on an area of ​​more than 12.000 m². In the future, components and systems for automotive electromobility will be manufactured here. Construction of the new location will begin in mid-2024 and is expected to be completed in the third quarter of 2025.

The company invests in this by 2032 over USD 230 million in the construction of the new greenfield production site in Dover, Ohio, and in the further expansion of the existing plant in Wooster, Ohio. By 2032, 650 developers will be working on the mobility of the future.

20 million for a new training center

13.12.2023/XNUMX/XNUMX | The Schaeffler Group is investing 20 million euros to a new training center at the headquarters in Herzogenaurach, which is scheduled to be completed by the end of 2026.

The modern center will have a gross floor area of ​​around 5700 m² replace the previous training workshop. It offers training and seminar rooms as well as workshops for technologies such as milling, turning, grinding and Robotic.

Over 110 machines are housed here. Loud Klaus Rosenfeld, CEO of Schaeffler AG, the new building symbolizes the central importance of training in the company. Hanna Peter-Regar, head of the Schaeffler Academy, emphasizes that the center will align the training offerings with future trends.

The building will also offer further training for around 1000 trainees at 17 German locations and after DGNB Gold Sustainability Standard be certified.

Schaeffler buys Belgian start-up Aerosint SA

Oct 26.10.2023, XNUMX | The Motion Technology Company Schaeffler is strengthening its know-how in the field with the acquisition of Aerosint SA additive manufacturing. The company acquires the Belgian start-up from Desktop metal, a leading US manufacturer of innovative 3D Printsystems. Both parties have agreed not to disclose the details of the transaction.

The start-up will be the new location of Schaeffler Special Machinery under the company name Schaeffler Aerosint SA integrated into the Schaeffler Group.

“Schaeffler Aerosint SA offers the first industrial solution for simultaneous Multi-material printing. This expertise in combination with our high level of industrialization expertise and decades of know-how in the area of ​​innovative manufacturing technologies will give us a decisive market advantage. The acquisition is an important step towards the industrial use of metal-based, additive manufacturingprocedures in the area of ​​Industry 4.0,” commented Andreas Schick, Head of Production, Supply Chain Management and Purchasing at Schaeffler AG. 

Aerosint, based in Herstal, Belgium, was founded in 2016 and employs 19 people. Desktop Metal acquired Aerosint in 2021. According to Ric Fulop, founder and CEO of Desktop Metal, Aerosint's technology with laser-based systems could be commercialized within a short period of time, with Schaeffler being able to apply the technology immediately through the acquisition.

Schaeffler invests in AI-based software development

Sep 27.09.2023, XNUMX | On the way to becoming a digital factory, Schaeffler AG has been cooperating with the software start-up for several years Up2parts GmbH. The goal is to develop AI-based solutions for automating modern machines and a holistic manufacturing value chain that are used in an agile production environment.

Schaeffler has now acquired a stake in Up2parts. Thomas Krämer (49), in addition to his role as Head of Advanced Production Technology at Schaeffler, will take over joint management with the previous CEO, Marco Bauer

"Participation in Up2parts is the next logical step in transforming our 83 production plants towards semi-autonomous and sustainable factories with a strong partner," commented Andreas Schick, Head of Production, Supply Chain Management and Purchasing at Schaeffler AG.

In its ultra-modern Tool technologycenter in Höchstadt, Schaeffler is already relying on cooperation with Up2parts and its other shareholders dmg mori. Here, for example, For example, an integrated system for the digitalization of tool making with work plan creation based on artificial intelligence has been established.

Thomas Krämer says: “By using AI, Schaeffler will be able to calculate work schedules even more efficiently in the toolmaking area in the future, for example. In addition, we will have one cloud-based autocam-Develop a solution for the automated creation of machining programs for machine tools”.

In addition to Schaeffler is also investing Sandvik in Up2parts.

New development center opened in Kysuce

June 29.06.2023, XNUMX | Schaeffler AG is further expanding its global activities for the development of modern mobility solutions and is opening a think tank for the mobility of tomorrow.

In a new state-of-the-art development center in Slovak Kysuce, the company develops products and components for electromobility as well as chassis applications for automated driving. The global automotive and industrial supplier is also expanding its test center with new test benches, test and laboratory facilities.

In total, the Schaeffler Group is investing around 20 million euros in new construction and test facilities. Around 4300 employees From 20 nations are employed at the Kysuce site, including more than 350 in R&D teams. By 2025, around 500 developers are expected to be working on the mobility of the future at the site. Therefore, new positions are being created, especially for partially and fully electrified drives, such as for the development of e-axles and hybrid modules.

Cow 8000m2 include the newly built areas. After around one and a half years of construction, the first employees move into the new development center. The entire building was equipped according to the so-called "New Work Concept". This means modern office equipment, communication and collaboration zones as well as so-called gravity points for employee exchange.

Sascha Zaps is the new Chief Industrial Officer

26.05.2023/XNUMX/XNUMX | Of the Supervisory board Schaeffler AG has appointed Sascha Zaps (1) as a member of the Executive Board of Schaeffler AG and the new Executive Board Industrial with effect from May 2024, 48.

In this position he succeeds Dr. Stefan Spindler (61), who will not extend his contract beyond April 30, 2024 for reasons of age.

Sascha Zaps has been working for Schaeffler AG since 2019. He was appointed Regional CEO Europe in 2021. In this function he was already a member of the Executive Board of Schaeffler AG.

The successor to the management of the European business will be decided in good time before Mr. Zaps takes office in 2024. Before his appointment to Regional CEO Europe he was CFO Industrial and Head of Strategy & Business Development for the Industrial division.

Stefan Spindler will fulfill his contract until April 30, 2024 and train Sascha Zaps into the new role.

30.000 counterfeit bearings scrapped

28.03.2023 | Schaeffler takes regular action against counterfeit products. The globally active Automobile- and industrial suppliers in Schweinfurt 30.000 Rolling Have copies with a total weight of 10 t destroyed. After scrapping, the material is melted down in a steelworks so that the steel finds its way back into the material cycle.

To the post

Maria-Elisabeth Schaeffler-Thumann resigns from the Supervisory Board


03.03.2023 | Maria Elisabeth Schaeffler Thumann will resign from her supervisory board mandate at Schaeffler AG due to age at the end of the Annual General Meeting on April 20, 2023: “The last three decades of my life were characterized by my commitment to the Schaeffler company and the large Schaeffler family. “I will remain closely connected to the company as a partner in the future and am happy to leave a well-ordered house to the next generation,” says Ms. Schaeffler-Thumann, commenting on her decision.

Her son George Schaeffler, Chairman of the Supervisory Board of Schaeffler AG, said: “My mother's tireless commitment through the company's ups and downs was crucial to ensuring that Schaeffler is now one of the world's leading technology companies, predominantly in family hands. We owe her a lot and wish her all the best,” said Georg Schaeffler.

Juergen Wechsler, Deputy Chairman of the Supervisory Board of Schaeffler AG said: “During her active time, Ms. Schaeffler-Thumann shaped the company as a family business in an outstanding way. The concerns of the employees always had the highest priority for her. We thank her for her lifelong commitment and wish her all the best in her well-deserved retirement.”

At its meeting on February 24, 2023, the Supervisory Board unanimously decided to give Ms. Schaeffler-Thumann the title after her term of office Honorary member of the board of directors to be awarded to Schaeffler AG.

Katherina Reiche proposed as successor

The Supervisory Board of the Annual General Meeting proposes Ms. as a candidate for the successor Katherine Reiche, Chairwoman of the Management Board of Westenergie AG, for election.

As a member of the German Bundestag from 1998 to 2015, Ms. Reiche was from 2009 to 2013 parliamentary secretary of state at the Federal Minister for the Environment, Nature Conservation and Nuclear Safety. From 2015 to 2019 she headed the association of municipal companies.

In 2020, she will assume her current position at the West Energy AG accepted. Since 2019 she has held the honorary post of Chair of the Federal Government's National Hydrogen Council.

The Schaeffler Executive Board currently includes: Klaus Rosenfeld, Claus Bauer, Andreas Schick, Jens Schüler, Uwe Wagner, Corinna Schittenhelm, Dr. Stefan Spindler and Matthias Zink. (as of 29.06.2023/XNUMX/XNUMX)

Schaeffler acquires photovoltaic park in Franconia


12.01.2023/XNUMX/XNUMX | Schaeffler AG has acquired a photovoltaic park in Kammerstein, Franconia (Roth district) from BayWa re AG, a leading global company for Renewable energy.

The photovoltaic park extends over a total area of ​​10,7 ha and generates a total output of 9,9MW peak. This covers the electricity requirements of around 2% of the German locations. The acquisition is another important step in the company's decarbonization strategy: By 2025, 10% of the energy demand worldwide and by 2030 a total of 25% are to come from self-generated renewable energy.

To own production (Scope 1 and 2) climate-neutral from 2030 the company relies on reduction measures and the use of renewable energies in its plants. The conversion to the use of solar power is already in full swing: In September 2022, the company concluded a long-term electricity supply contract with Statkraft Markets GmbH in order to obtain 2023% of its electricity requirements in Germany from photovoltaics from 11.

New business area Livetime Solutions

Schaeffler Livetime Solutions12.05.2022/4.0/XNUMX | The Industry XNUMX business area becomes Lifetime Solutions. The renaming takes place as part of the realignment of the portfolio, which in recent years has gradually shifted from pure products to holistic services has been expanded. Under the subclaim "Keep your machines rolling", Lifetime Solutions symbolizes the claim to make the wishes and needs of maintenance and plant managers available over the entire service life of a machine.

"The challenges but also the opportunities are increasing: Higher productivity and more sustainability should be realized with the greatest possible efficiency," explains Dr. Stephen Spindler, Member of the Board of Management of the Industrial division at Schaeffler. “This requires comprehensive concepts – and this is exactly where we come in with Lifetime Solutions. Our customers are the focus, we support them along the entire route. The goal is clear: our products and services should make your work processes as plannable as possible and give you the certainty that your machines are running reliably and without unexpected failures.”

“The new name clearly shows the path we are taking,” adds Rauli Hantikainen, Head of Schaeffler Lifetime Solutions. "It is a promise of value: for fewer unplanned downtimes, longer service life for bearings and machines, for more sustainability and greater reliability in operation and, above all, for a stress-free and more predictable working day. For our customers, we are a partner at eye level, who accompanies them in every phase of their production and is ready with individual solutions."


Bearings for everyone in over 60 industries


The focus of the offer is the predictive, preventive maintenance, which is based on many years of experience in the design of storage, assembly and constant lubrication and monitoring. Sustainability is one of the most important cornerstones for the development and development of Lifetime Solutions. The focus is on preventive and efficient maintenance. 

Who is Schaeffler?

The Schaeffler Group is one of the world's leading listed German automotive and industrial suppliers based in Herzogenaurach. Schaeffler Technologies AG & Co. KG is part of the group. The product portfolio includes components and systems from the brands INA, FAG and LUK such as Rolling bearings and plain bearings for Motor, Transmission as well as chassis, machines and systems. Technologies, products and services cover future topics such as CO₂ efficient drives, electromobility, Industry 4.0, digitalization and renewable energies. In 2020, around 83.900 employees generated sales of 12,6 billion euros. With more than 1900 patent applications According to the DPMA, Schaeffler, operating under the motto "we pioneer motion", took second place in the ranking of the most innovative companies in Germany last year.

Value of Schaeffler AG shares EUR 5,92 (as of June 29.06.2023, XNUMX)

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Author information
Angela Struck

Angela Struck is editor-in-chief of the development scout and freelance journalist as well as managing director of Presse Service Büro GbR in Ried.