Supplier of the Year: Volvo Awards the Schaeffler Group

Schaeffler recognized for excellence in quality, deliveries, costs and joy of innovation

Herzogenaurach, (PresseBox) - The Schaeffler Group is one of the top ten suppliers of automobile and truck manufacturer Volvo. This is confirmed by the "Best Supplier 2008" award, received from Volvo for the first time.

For 15 years now, Schaeffler has been the sole manufacturer worldwide to supply its wheel bearing units for front and rear axles to the truck plants of Volvo and other affiliated brands. These components are manufactured mainly at Schaeffler's Bern-dorf plant in Austria.

The main criteria for winning the award include excellent quality, delivery accuracy, customized product innovations, fair costs and continuous creative and positive collaboration.

"We are very proud to receive this recognition," said Dr. Jürgen M. Geißinger, Schaeffler Group President & CEO. "It shows that we are not only among the best bearing manufacturers worldwide, but that we are also able to create added value as a system supplier with expertise in complex technical solutions for engines, trans-missions and chassis. To be honored as Volvo's supplier of the year is recognition and incentive at the same time. We will continue to do everything in our power to develop sophisticated and cost-effective technological system solutions together with our customers."

Schaeffler AG

Volvo Trucks is one of Schaeffler's principal customers from the commercial vehicle sector. There is hardly an automobile manufacturer worldwide that does not rely on products from the Schaef-fler Group, which is present in about 180 locations around the globe.

The spectrum of automotive products ranges from classic rolling bearings through to complex systems solutions for engine, transmission and chassis applications.

The Schaeffler Group has a major share in the successes in modern automotive engineering, especially when it comes to improved energy efficiency and the minimization of fuel consumption and pollutant emissions.

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