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.