Schaeffler AG is a developer, manufacturer, and supplier of precision products for a wide range of applications. The company offers a wide range of products, including roller bearings, Joint bearings, glue bearings, mechatronics, and precision components. Schaeffler sells these products under the trademarks INA, LuK and FAG. In addition to digital services, the company also offers maintenance and spare parts for automotive, aerospace, and space products.
Inventions and Patents
The momentum was given over 75 years ago by two brothers: Wilhelm and Georg Schaeffler founded the Industrie GmbH in Herzogenaurach. For more than 75 years, the Schaeffler Group has been promoting inventions and innovative developments in the field of motion technology. The company is a reliable partner to make the movement more efficient, intelligent, and sustainable. Innovative technologies, products, and services are used in the areas of electric mobility, CO2 efficient drives, chassis solutions, Industry 4.0, digitization, and renewable energies.
With its production, research and development facilities, and sales enterprises, the company operates in Mexico, Germany, the USA, Korea, Russia, and China. The group’s sales totaled 15.8 billion euros in 2022. With approximately 84,000 employees, the Schaeffler Group is one of the largest family-owned companies in Germany and worldwide. According to the DPMA (German Patent and Trademark Office), Schaeffler ranked fourth in the ranking of the most innovative companies in Germany in 2022 with over 1,250 patent applications.
Visions for the Future
In the course of the strategy’s development, the company has thoroughly re-examined the future trends, which are considered to be of particular importance to the company. It deals with issues such as environmental protection and climate change, electric mobility and electric drive, autonomous production, the data economy, digitization, and demographic change. The focus areas should cover the product and service ranges and support efficient and long-term resource-oriented use.
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The Roadmap 2025 defines three strategic priorities: efficiency, innovation, and agility. The company emphasises the importance of being ready for the future. The corporate strategy Roadmap 2025 anchors sustainability through the subprogramme “Sustainability & Engagement”. The Sustainability Committee has set eight specific sustainability goals, including climate-neutral supply chains and production, energy efficiency, renewable energy, and women in top management. The “Science Based Targets initiative” (SBTi) has reviewed the Schaeffler Group’s climate targets and confirmed them as scientifically substantiated. The SBTi is an initiative of CDP, the United Nations Global Compact, the World Resources Institute (WRI), and the World Wild Fund for Nature (WWF). Schaeffler AG continues to pursue these goals consistently in its 2025 Roadmap to reduce greenhouse gas emissions and the Paris Agreement targets. The company helps to reduce climate change and wants to be successful as a business in the future.
