European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
European Business
No Result
View All Result
Home < INDUSTRIES Industrial

Schaeffler Group celebrates company anniversary – in motion for the last 75 years

by Marie Weil
December 1, 2021
A A
Share on LinkedinShare on Twitter
  • The global automotive and industrial supplier Schaeffler is celebrating its 75th anniversary with an online anniversary ceremony
  • Company history newly configured on the Schaeffler homepage
  • Publication of a book on the family and company history by Professor Dr. Gregor Schöllgen
  • Establishment of the Schaeffler Foundation to mark the 75th anniversary of the company

It is one of the greatest “Made in Germany” success stories: The global automotive and industrial supplier Schaeffler is celebrating its 75th anniversary today. Dr. Wilhelm Schaeffler and his brother Dr.-Ing. E.h. Georg Schaeffler laid the foundation for today’s company when they founded Industrie GmbH in Herzogenaurach in 1946. This marked the starting point of a company that today employs more than 83,900 employees at around 200 locations in more than 50 countries. Three originally independent companies – INA, LuK and, FAG – grew together to form a global technology leader with the DNA of a family business. Accordingly, Schaeffler is celebrating 75 years of progress, technological innovation, and economic success with a virtual anniversary ceremony for all its employees as well as selected industry and government guests.

Success based on pioneering spirit, innovations, and strategic acquisitions
From 1950 onwards, the company’s rapid rise was made possible by the cage-guided needle roller bearing, a brilliant invention by Dr.-Ing. E.h. Georg Schaeffler, which revolutionized motion and mobility in the automotive and industrial sectors.

This invention laid the foundation for the company’s continuing global success. In 1965, the Schaeffler brothers decided to invest in LuK Lamellen und Kupplungsbau GmbH in Bühl (Baden), where the Automotive Technologies division is now based. The company became a technological leader with innovative products such as the diaphragm spring clutch, dual-mass flywheel as well as a variety of engine components. Since 1999, LuK has been a fully owned entity of Schaeffler.

In 2001, Schaeffler took over FAG Kugelfischer Georg Schäfer AG in Schweinfurt, making Schaeffler the world’s second-largest manufacturer of rolling bearings. The successful IPO of Schaeffler AG followed in 2015. Today, the three product brands INA, LuK, and FAG are united under the Schaeffler corporate brand.

“Schaeffler’s pioneering spirit has always been crucial to the success of the company. Even throughout its challenging phases, the company has demonstrated a high degree of resilience and a constant willingness to view profound change as an opportunity. As shareholders, we are particularly aware that this success, spanning several decades, is primarily driven by our committed employees around the globe, as well as our customers and suppliers,” explains Georg F. W. Schaeffler, Family Shareholder and Chairman of the Supervisory Board of Schaeffler AG.

Transparent and scientific handling of the company’s history
To mark the company’s anniversary, the Schaeffler family arranged for their history, which is inextricably linked to the company’s history, to be systematically researched. To that end, the family successfully engaged the services of renowned historian Prof. Dr. Gregor Schöllgen. As part of the anniversary celebrations, Schaeffler is presenting the results of the research, which also covers the period prior to the company’s founding in 1946, on a newly designed website that showcases not only the history, but also the people and the technological innovations they represent.
The comprehensive description and analysis entitled “Schaeffler. A biography of a family and their company” by Prof. Dr. Schöllgen will be released by the publishing house Deutsche Verlags-Anstalt in early December.

“Schaeffler has always demonstrated an extraordinary capacity for innovation and a high level of social responsibility,” says Prof. Dr. Schöllgen. “The curiosity and future-oriented focus that drove the two founders still remain the key strengths of this traditional family company today.”

Establishment of the Schaeffler Foundation
To mark Schaeffler’s 75th anniversary, Schaeffler AG and IHO Holding are establishing the Schaeffler Foundation in an effort to emphasize the social responsibility of the Schaeffler Group and its family shareholders. The Schaeffler Foundation will receive an initial foundation capital of 3 million euros, which will be established in equal parts by Schaeffler AG and IHO Holding. This capital will be increased each year through additional donations, in combination with the simultaneous incorporation of existing activities, such as the Schaeffler FAG Foundation. The Foundation will be active worldwide and concentrate primarily on three focus areas: 1) Climate and Environmental Protection, 2) Research and Science, and 3) Education, Qualification and Equal Opportunity.

With its Roadmap 2025, the Schaeffler Group has clearly positioned itself strategically with a view to the future. It consistently focuses the company, with its three divisions, on transformation in ten customer sectors in order to remain the preferred technology partner for its customers in the future. Sustainability and digitalization are at the center, supported by five focus areas around topics such as CO2-efficient drives and renewable energies.

“As long as there is motion, there will be Schaeffler. At Schaeffler, innovation, quality, an understanding of systems, and manufacturing excellence combine to form a common and strength. With this strength and the DNA of the family-owned company, we are optimally equipped for the future,” says Klaus Rosenfeld, CEO of Schaeffler AG.

Tags: < Corporate Events

Related Industries

Industrial

Voith and Essity develop groundbreaking concept for sustainable paper production

March 24, 2023
Industrial

Schneider Electric investing €40 million in new smart factory in Hungary

March 23, 2023
default
Industrial

Voith Hydro opens new center of competence for generator components

March 8, 2023
Industrial

Carrier Makes Donation to the European Food Banks Federation to Help Reduce Food Insecurity in Europe

March 8, 2023
Industrial

Henkel launches novel Sensor INKxperience Kit for IOT sensor engineering with printed electronics technologies

February 23, 2023
Industrial

Sandvik announces changes to the Group Executive Management

February 22, 2023

Danish Carlsberg brewery saves 1 billion litres of water with new technology

March 23, 2023

...

Wärtsilä’s Juha Kytölä named as Chief Technology Officer of the year 2023

March 22, 2023

...

Volkswagen Appoints Nicole Mommsen as Head of Global Communications and Sustainability at Group Technology

March 1, 2023

...

Amazon named as a “Top Employer 2023” in Europe

March 1, 2023

...

Xiaomi Begins Product Carbon Footprint Assessment and Champions Sustainable Living Awareness

February 27, 2023

...

Decarbonization and reduction of energy consumption: Air Liquide to implement an innovative solution for Verallia

March 17, 2023

...

Efficient and high-performing vehicle architecture: Cooperation of Continental and Infineon

March 14, 2023

...

Interview with Vincent Graziani, CEO, IDEX Biometrics

March 2, 2023

...

OPPO Pledges Carbon Neutrality Across its Operations by 2050 at MWC 2023

March 2, 2023

...

Carrier Makes Donation to the European Food Banks Federation to Help Reduce Food Insecurity in Europe

March 8, 2023

...

Asia Pacific Business Asia Pacific Business Asia Pacific Business

EUROPEAN BUSINESS is a premier source of corporate news, business information and insights across broad spectrum of industries in Europe and worldwide.  We are one of the members of the Business World Network.

RESOURCES

  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

CONTACT US

EDITORIAL:     editor # european-biz.com

PARTNERSHIP:     partnership # european-biz.com

HUMAN RESOURCE:     hr # european-biz.com

* (replace # with @)

  • Official Site

Copyright © EUROPEAN-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © EUROPEAN-BIZ.COM All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist