Schaeffler plans to spend 65 million U.S. dollars to build a plant in Russia

In December 2012, Schaeffler Group, a German auto parts manufacturer, announced that it has signed an agreement with Ulyanovsk, Russia , to build a manufacturing plant in the country, which will also become Schaeffler’s The first manufacturing plant built in Russia.

Dr. Juergen M. Geissinger, CEO of Schaeffler Group, said: “I am very pleased with the upcoming construction of a factory in Russia. We will be able to directly supply products to local customers. Local operating conditions It is very good and our cooperation with the local authorities is also very constructive."

The Schaeffler Group stated that the construction cost of the new plant is approximately 2 billion roubles (about US$65 million). Construction is scheduled to start early next year and it will be put into operation in 2014. The plant is located in the Zawolzhje Regional Industrial Park. After the operation, a series of products will be produced for the Schaeffler Automotive and Industrial Division.

The city of Ulyanovsk, which has nearly 700,000 inhabitants and belongs to the Volga Federal District of Russia, has now developed into an important industrial center, especially in the automobile manufacturing, engineering machinery and aviation sectors. In addition, the area is still an important transportation hub. .

Schaeffler has been active in the Russian market since 1997. Its Russian business is headquartered in Moscow and has offices in St. Petersburg, Novosibirsk, Togliatti, Yekaterinburg, Krasnodar and Kazan.

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