Schaeffler expands activities in Russia
Schaeffler AG has decided to focus on expanding its activities in Russia and has now moved into a new office in Haus der Deutschen Wirtschaft in Moscow. The opening ceremony for the new office was held as part of a reception on December 6 which was attended by important customers and representatives from politics and business. During his speech, Klaus Rosenfeld, Chief Executive Officer of Schaeffler AG, emphasized the cornerstones of Schaeffler’s strategy ‘Mobility for tomorrow’ and the importance of the Russian market, particularly with regard to ‘Urban mobility’ and ‘Interurban mobility’ as the major areas. “Our activities in Russia focus on selected industrial sectors, such as the rail industry, as well as the expansion of our automotive business,” said Klaus Rosenfeld. Dietmar Heinrich, CEO Europe, which also includes Russia, added: “By moving into the center of the capitol, we want to increase our local presence and develop new attractive business opportunities in Russia.”
The Schaeffler Group, which has been represented in Russia since 2006 with its INA, LuK and FAG brands, opened its first plant in Russia in the city of Ulyanovsk in 2014. The plant manufactures automotive and industrial products for the Russian market. The latest expansion of activities was in the rail industry, for instance in the delivery of axlebox bearings for trains for Moscow’s rail loop. Professor Dr. Rainer Lindner, CEO Central and Eastern Europe at Schaeffler, explained: “The railway business plays a key role in the expansion of our activities. That is why Schaeffler has joined the German initiative for High-Speed Traffic to be able to share information on new railway projects with other German companies and the Russian Railway (RZhD) on a regular basis.”
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