Schaeffler Group

EQS-News: Schaeffler off to a good start in 2024

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金曜日, 5月 10, 2024
Schaeffler Group, CFO, Capital, Federal republic, Management, Capital expenditure, Knowledge, European, Environment, Acquisition, Workforce, Annual report, Person, Security (finance)

This change is mainly due to the successful financing of the acquisition of the Vitesco shares in the first quarter of 2024.

Key Points: 
  • This change is mainly due to the successful financing of the acquisition of the Vitesco shares in the first quarter of 2024.
  • The Schaeffler Group employed a workforce of 83,793 worldwide as at March 31, 2024.
  • Claus Bauer, CFO of Schaeffler AG: “In a persistently challenging environment, Schaeffler has once again demonstrated its solid profitability in the first quarter.
  • Moreover, Schaeffler AG and Vitesco entered into a merger agreement with the approval of their respective Supervisory Boards on March 13, 2024.

Schaeffler Applauded by Frost & Sullivan for Offering Integrated Condition Monitoring and Smart Lubrication with Its OPTIME Ecosystem

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火曜日, 5月 7, 2024
Internet of things, Schaeffler Group, USP, Ecosystem, Knowledge, Engineering, Automation, Data analysis, SAN, Maintenance (technical)

SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost & Sullivan recently assessed the condition monitoring equipment market and, based on its findings, recognizes Schaeffler Group with the 2023 Global Enabling Technology Leadership Award. The Motion Technology Company is an international leader in precision engineering and industrial component manufacturing and has significantly expanded its footprint in the condition monitoring equipment market through highly customer-centric innovation and engineering excellence. Schaeffler provides cutting-edge solutions tailored to the evolving needs of industrial maintenance and predictive analytics. The company enhances its existing products, such as OPTIME Ecosystem, with unique designs, the latest technology, and unparalleled capabilities to fill gaps and push the limits in the market.

Key Points: 
  • SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost & Sullivan recently assessed the condition monitoring equipment market and, based on its findings, recognizes Schaeffler Group with the 2023 Global Enabling Technology Leadership Award.
  • Schaeffler's OPTIME Ecosystem, a condition monitoring and smart lubrication solution, provides a seamless, user-friendly experience that simplifies complex data analysis and machine care.
  • Schaeffler's OPTIME Ecosystem revolutionizes maintenance practices by combining its condition monitoring system with an automated lubrication unit, all engineered for effortless implementation on the shop floor.
  • For its constant innovation, commitment to excellence, and strong overall performance across multiple smart manufacturing domains, Schaeffler earns Frost & Sullivan's 2023 Global Enabling Technology Leadership Award in the condition monitoring equipment market.

Schaeffler Applauded by Frost & Sullivan for Offering Integrated Condition Monitoring and Smart Lubrication with Its OPTIME Ecosystem

Retrieved on: 
火曜日, 5月 7, 2024
Internet of things, Schaeffler Group, USP, Ecosystem, Knowledge, Engineering, Automation, Data analysis, SAN, Maintenance (technical)

SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost & Sullivan recently assessed the condition monitoring equipment market and, based on its findings, recognizes Schaeffler Group with the 2023 Global Enabling Technology Leadership Award. The Motion Technology Company is an international leader in precision engineering and industrial component manufacturing and has significantly expanded its footprint in the condition monitoring equipment market through highly customer-centric innovation and engineering excellence. Schaeffler provides cutting-edge solutions tailored to the evolving needs of industrial maintenance and predictive analytics. The company enhances its existing products, such as OPTIME Ecosystem, with unique designs, the latest technology, and unparalleled capabilities to fill gaps and push the limits in the market.

Key Points: 
  • SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost & Sullivan recently assessed the condition monitoring equipment market and, based on its findings, recognizes Schaeffler Group with the 2023 Global Enabling Technology Leadership Award.
  • Schaeffler's OPTIME Ecosystem, a condition monitoring and smart lubrication solution, provides a seamless, user-friendly experience that simplifies complex data analysis and machine care.
  • Schaeffler's OPTIME Ecosystem revolutionizes maintenance practices by combining its condition monitoring system with an automated lubrication unit, all engineered for effortless implementation on the shop floor.
  • For its constant innovation, commitment to excellence, and strong overall performance across multiple smart manufacturing domains, Schaeffler earns Frost & Sullivan's 2023 Global Enabling Technology Leadership Award in the condition monitoring equipment market.

EQS-News: Artificial intelligence: Schaeffler and Siemens intensify collaboration

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金曜日, 5月 3, 2024
Invention, Schaeffler Group, Hannover Messe, Memorandum of understanding, AI, EUR, Artificial intelligence, Intelligence, Automation, Documentation, First officer (aviation), Medical device

Hannover/Herzogenaurach| April 22, 2024 | The Motion Technology Company Schaeffler and the technology company Siemens have signed a memorandum of understanding (MoU) at the Hannover Messe.

Key Points: 
  • Hannover/Herzogenaurach| April 22, 2024 | The Motion Technology Company Schaeffler and the technology company Siemens have signed a memorandum of understanding (MoU) at the Hannover Messe.
  • At the Hannover Messe, Schaeffler and Siemens are once again showing the successful collaboration with the “Siemens Industrial Copilot”, an industrial automation solution using AI.
  • The “Siemens Industrial Copilot” is operating in pilot mode on a robot cell from Schaeffler Special Machinery, the Schaeffler Group’s special machine construction unit.
  • Andreas Schick, Chief Operating Officer of Schaeffler AG, says: “We are now at the start of a decade of efficiency at Schaeffler.

Lazard Reports First-Quarter 2024 Results

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木曜日, 4月 25, 2024
Professional Services, Finance, Debt-to-GDP ratio, Sale, Avison Young, Service provider, Schaeffler Group, Enviva, Vitesco Technologies, Weather, CSR Limited, Lazard, AbbVie, Thomson Reuters, Francisco Partners, SVB, The Weather Company, Conference, Euronext Paris, Rubicon, Mars, Endo International, Tax, Silicon, Lumen Technologies, AUM, Acquisition, Mars, Incorporated, Massimo Zanetti Beverage Group, AFE, Share repurchase, Bank statement, Name, Asset management, GAAP, Sixth Street Partners, Note, Telescopic sight

On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.

Key Points: 
  • On April 24, 2024, Lazard declared a quarterly dividend of $0.50 per share on its outstanding common stock.
  • Beginning in the first quarter of 2024, Lazard has updated the names of certain non-U.S. GAAP ("non-GAAP") measures and metrics.
  • We believe that presenting our results on an adjusted basis, in addition to the U.S. GAAP results, is a meaningful and useful way to compare our operating results across periods.
  • ET on April 25, 2024, to discuss the company’s financial results for the first quarter of 2024.

County-level city in East China becomes hot destination for German investment

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金曜日, 4月 19, 2024
People's Daily, Investment, CNC, Beumer Group, Communication, Development, Schaeffler Group, Restaurant, Environment, Family, Commerce, Ministry, Government, Renewable energy

Why can this county-level city attract numerous German companies to settle and thrive there?

Key Points: 
  • Why can this county-level city attract numerous German companies to settle and thrive there?
  • The German Center Taicang was set up in the city in 2016, which provides one-stop business services for nearly 50 enterprises including those from Germany.
  • In the future, the group will continue to seize opportunities in China, increase investment in China, and deepen our presence in the Chinese market," Shen added.
  • We hope that more German companies can seize the opportunity and continue to invest in China," Assmann said.

EQS-News: Schaeffler Announces New Automotive Manufacturing Facility

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水曜日, 3月 13, 2024
CNC, Light, Research, USD, Investment, Welding, City, OSU, Growth, Original equipment manufacturer, Schaeffler Group, Research and development, Plant, Ohio State University, Development, Renewable energy

Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    Herzogenaurach, Germany / Fort Mill, S.C., USA | February 26, 2024 | Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • Schaeffler is investing over USD 230 million in building the new greenfield manufacturing facility, strategically located in Dover, Ohio, as well as future expansions in the state until 2032.
  • These jobs will lead to growth at the company’s current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • The new manufacturing facility location is in the proximity of Schaeffler’s customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company’s Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

EQS-News: Schaeffler publishes Sustainability Report 2023

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水曜日, 3月 13, 2024
CFO, Sustainability, Schaeffler Group, Friction, Education, Risk management, Targets, Plant, Carbon accounting, ESG, Social responsibility, CDP, Safety, Climate change, Health, Global warming potential, Automotive aftermarket, CO2, Guideline, Policy, Science Based Targets initiative, Electricity, Remuneration, Science, Workforce, Herzogenaurach, Renewable energy

With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.

Key Points: 
  • With the publication of the Sustainability Report 2023, the company is not only creating transparency for its stakeholders but also highlighting its progress.
  • As Schaeffler CEO Klaus Rosenfeld comments: “Sustainability is an integral part of our corporate strategy.
  • As part of the Roadmap 2025, “Sustainability & Engagement” is the subprogram under which Schaeffler will ensure the consistent implementation of its sustainability strategy and the achievement of its sustainability goals.
  • The Schaeffler Group’s Sustainability Report provides information on the company’s key areas of focus in 2023 and on developments in key figures and objectives within the Schaeffler Group.

China Commercial Vehicle Intelligent Chassis Industry Report 2023: Both OEMs and Suppliers Now have Made Layout of Standardized Intelligent Chassis - ResearchAndMarkets.com

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月曜日, 3月 4, 2024
Automotive, General Automotive, Automotive Manufacturing, Other Automotive, Manufacturing, Performance & Special Interest, EBS, Electric vehicle, PIX, King Long, CTP, Intelligence, Research, WABCO, China South Industries Group, XCMG, Long March, EMC, Sany, EHB, Original equipment manufacturer, BAIC, Schaeffler Group, CIIC, Cell, JMC, GWM, Yutong, Qingling Motors, JAC, CATL, FAW Jiefang, Tongji University, Dongfeng, REE, Cognition, AICO, Mercedes-Benz Actros, PACK, CSGC, CTC, Commercial vehicle, Printed circuit board

Commercial Vehicle Intelligent Chassis Industry Report, 2023, combs through and researches status quo and related product layout of OEMs and suppliers, and predicts future development trends of commercial vehicle intelligent chassis.

Key Points: 
  • Commercial Vehicle Intelligent Chassis Industry Report, 2023, combs through and researches status quo and related product layout of OEMs and suppliers, and predicts future development trends of commercial vehicle intelligent chassis.
  • Referring to the Electric Vehicle Intelligent Chassis Technology Roadmap, currently the development of commercial vehicle intelligent chassis in China focuses on four components, namely, brake-by-wire, steer-by-wire, drive-by-wire, and intelligent suspension.
  • In the trend for commercial vehicle electrification, connection and intelligence, intelligent chassis, as a development cornerstone of vehicle intelligence, has become a development priority of the industry.
  • Driven by national policies and market demand, OEMs and suppliers have quickened their pace of deploying intelligent chassis to solve the current problem of 'insufficiently flexible limbs' in commercial vehicle chassis and support intelligent upgrade of commercial vehicle chassis.

Schaeffler Announces New Automotive Manufacturing Facility

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月曜日, 2月 26, 2024
CNC, Light, Research, USD, Investment, Welding, City, OSU, Growth, Original equipment manufacturer, Schaeffler Group, Research and development, Plant, Ohio State University, Development, Renewable energy

Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned Investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    HERZOGENAURACH, Germany and FORT MILL, S.C., Feb. 26, 2024 /PRNewswire/ -- Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • These jobs will lead to growth at the company's current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • Once complete, the first phase of the facility will boast roughly 130,000 square feet of advanced manufacturing space dedicated to electric mobility solutions for the automotive industry.
  • The new manufacturing facility location is in the proximity of Schaeffler's customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company's Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.