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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. This announcement represents the company’s commitment to innovation and growth in the Americas region.
Schaeffler recently displayed its automotive aftermarket solutions at the AAPEX show, hosted at the Venetian Expo in Las Vegas. Under the theme, “Your business is our focus,” Schaeffler hosted customers and industry partners at its booth, showcasing products and service solutions that enhance the vehicle’s life cycle, as well as technologies that support the transition to electric mobility.
Schaeffler AG and GKN Powder Metallurgy announce their joint commitment to advance the development of the permanent magnet industry in Europe and North America through a memorandum of understanding. GKN Powder Metallurgy will supply Schaeffler locally with permanent magnets with the aim to ensure a stable, local supply whilst improving sustainability and transparency in the supply chain.
Schaeffler, the motion technology company, and Swedish startup H2 Green Steel have decided to intensify their already close partnership. The two companies made the decision in the course of a recent equity funding round, in which Schaeffler agreed to invest a further 65 million euros, a significant increase that takes its total stake to 100 million euros. That’s the most equity Schaeffler has ever put into a minority stake in another company. As a strategic technology partner of H2 Green Steel, Schaeffler will channel its know-how into the development of new steel products, such as green e-steel for electromobility. In addition, the two companies will jointly develop new applications for the use of sustainable rolling bearing solutions in production. The aim is to maximize the efficiency of production through the use of first-rate components and integrated condition monitoring solutions. The two companies will also benefit from each other’s expertise in the areas of digitalization and circular economy.
Schaeffler introduced a Wind Power Standard for wind turbine bearings more than ten years ago, which considers the high demands on the reliability of turbines and associated components. This standard for products and processes ensures that wind turbine bearings are subject to the highest quality standards, as also implemented, for example, in the automotive industry, and in the aviation and aerospace sectors. The start of the year marked the manufacture and delivery of the millionth bearing by Schaeffler in accordance with the Wind Power Standard.
Designers of robotics and automation solutions are often faced with a choice: cycloid or planetary gears? In the last few decades, the answer has often been cycloidal drives. But the planetary gears have caught up and are now superior in many ways. The Hamelin company Schaeffler Ultra Precision Drives (previously Melior Motion) has revolutionized the planetary gear and with its PSC series, produces extremely precise, quiet and durable drive units.
Showcasing its engineering capabilities in e-mobility technology, power density optimization and mechatronics as well as state-of-the-art bearings for off-road vehicles, conveyor systems and vibratory applications, global industrial and automotive supplier Schaeffler is presenting a comprehensive portfolio of advanced solutions for the construction and aggregates industries at the 2023 CONEXPO-CON/AGG trade show in Las Vegas.
The Science Based Targets initiative (SBTi) has validated the Schaeffler Group’s targets for reducing greenhouse gas emissions as being in conformity with SBTi criteria and recommendations and hence in line with what the latest climate science considers necessary in order to meet the goals of the Paris Agreement. The global automotive and industrial supplier is committed to cutting its absolute Scope 1 and Scope 2 greenhouse gas emissions by 90 percent by 2030, with 2019 as its base year. The company has also set itself the target of reducing its absolute Scope 3 greenhouse gas emissions from purchased goods and services, fuel- and energy-related activities, and upstream transportation and distribution by 25 percent over the same period.
At the beginning of this year, the automotive and industrial supplier Schaeffler acquired Melior Motion GmbH, an innovative manufacturer of precision gearboxes for robotics and automation applications, among others. As of December 1, 2022, Melior Motion GmbH will operate under the name of Schaeffler Ultra Precision Drives GmbH. The aim of the acquisition is to continuously expand the Industrial division’s portfolio of precision gearboxes and to secure a strategically strong position in the dynamically growing market for industrial automation.
The automotive and industrial supplier Schaeffler has signed a contract with the CERATIZIT Group for the acquisition of CERASPIN. Based in Livange, Luxembourg, CERASPIN has over 25 years’ experience in the development and production of premium ceramic products, the majority of which are processed into rolling elements for various bearing applications.