Schaeffler Expands 150 Million Euros in India
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Power Cable is used for heavy industry including mining and marine, they must be robust and capable of handling both torsional and tensile stresses simultaneously. These mobile machines for lifting and handling are often manufactured with a robust rubber outer sheathing to protect against the constant reeling and movement as well as providing protection against oils and greases. Cables with Polyethylene (PUR) and PVC sheathing are also available. The cables are UV resistant – applications such as tower cranes and port loading gantries are subject to the elements – as well as being resistant to oils and greases.
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Recently, Matthias Zink, head of Schaeffler's automotive business unit in Asia Pacific, said that Schaeffler will invest 150 million euros in the expansion of its three existing plants in India and a new plant in Savli, Gujarat, India. The new plant will be used to produce low-friction ball bearings.
Schenk also said that Schaeffler plans to recruit 1,200 new employees within three years and that its number of employees in India will reach 3,500.
It is reported that Schaeffler's major customers in India include Maruti Suzuki, Hyundai and Mahindra. Sales in the Indian market account for 5% of Schaeffler’s global sales.
The Schaeffler Group is a world leader in the production of rolling bearings and linear motion products and is one of the most reputable suppliers in the automotive industry. The Schaeffler Group's automotive industry is a reliable partner for virtually all car manufacturers and other major suppliers with its expertise in the overall power systems of passenger cars and trucks (engines, chassis, gearboxes and auxiliary devices).