Contact
QR code for the current URL

Story Box-ID: 641205

Schaeffler AG Industriestraße 1-3 91074 Herzogenaurach, Germany http://www.schaeffler-group.com
Contact Mr Christoph Beumelburg +49 9132 825414
Company logo of Schaeffler AG
Schaeffler AG

Schaeffler strengthens regional setup in Asia

(PresseBox) (Herzogenaurach, )
.
- China to become a separate region
- Korea, Japan and South East Asia to be combined into new region Asia/Pacific
- India becomes part of new region EMEA


International Automotive and Industrial supplier Schaeffler has decided to strengthen its organizational setup in Asia. To emphasize the growing importance of China and the South East Asian markets for Schaeffler Group and to support future growth in Asia, the organizations in China, India and the remaining countries in Asia will be separated as of January 1, 2014. Up to now those countries were consolidated in one region Asia/Pacific.

China, one of the fastest growing countries for Schaeffler Group, generates approx. €1.1 billion of sales, thus making up for around 43 percent of the regions' sales. To reflect its strategic importance for Schaeffler Group, China will become a separate region headed by Dr. Yilin Zhang (50), currently Head of Automotive China, as Regional CEO China. Dr. Zhang will manage the region out of Shanghai.

Korea, Japan and the South East Asian countries together with Australia will be combined into a new region Asia/Pacific that will be headed by Andreas Schick (43), currently Head of the Business Division Transmission Applications, as Regional CEO Asia/Pacific. Andreas Schick will be located in Singapore.

India, after China and Korea the third biggest country for Schaeffler Group in Asia with approx. €300 million sales, will become part of a new region EMEA (Europe, Middle East, Africa, and India). India continues to be headed by Dharmesh Arora out of Pune.

Klaus Rosenfeld, CEO of Schaeffler Group, said: "With the decision to establish China as well as Korea, Japan and the South East Asian countries as two separate regions, we recognize the great progress Schaeffler Group has made in these countries over the past years. The new regional setup allows us to place an even higher focus on theses important growth regions."

As per September 30, 2013, Schaeffler Group generated around 23 percent of its global sales in the Asia/Pacific region. Given the region's future growth dynamics, the company expects to increase the region's sales share to over 25 percent by 2015. The new setup of the Asia/Pacific region is a first and important step in a fundamental realignment of Schaeffler Group's organizational structures.

Website Promotion

Website Promotion

Schaeffler AG

Schaeffler with its product brands INA, LuK and FAG is a leading provider of rolling bearing and plain bearing solutions and of linear and direct drive technology, as well as a renowned supplier to the automotive industry of high-precision products and systems for engines, transmissions, and chassis applications. The group of companies with operations around the world generated sales of approximately €11.1 billion in 2012. With more than 76,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies in family ownership. With 180 locations in over 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, distribution companies, engineering offices, and training centers.

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.
Important note:

Systematic data storage as well as the use of even parts of this database are only permitted with the written consent of unn | UNITED NEWS NETWORK GmbH.

unn | UNITED NEWS NETWORK GmbH 2002–2024, All rights reserved

The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.