Press releases worldwide
Schaeffler concludes offtake agreement with Statkraft Markets GmbH Supply contract for the purchase of wind energy begins in 2024 and covers around eight percent of the electricity demand in Germany Power purchase agreement increases planning security and independence from volatile […]
Science Based Targets initiative (SBTi) validates Schaeffler Group’s targets for lowering Scope 1, 2 and 3 emissions Schaeffler’s climate targets for 2030: 90 percent cut in emissions from own production and 25 percent reduction in selected supply chain areas SBTi […]
Schaeffler acquires solar farm in Kammerstein, Germany, from BayWa r.e. AG Photovoltaic power plant with a total area of more than 10 hectares and an installed capacity of almost 10 MW-peak New acquisition marks an important step in the production […]
Schaeffler cooperates with French hydrogen producer Lhyfe Agreement includes construction and operation of industrial electrolysis plant in Herzogenaurach, Germany Plant with capacity of up to 15 megawatts is an important step towards climate-neutral production by 2030 Agreement envisages technology partnership […]
For the first time, Schaeffler has made it onto CDP’s A-list for performance on climate change and water security Score puts Schaeffler among top one percent of participating companies Schaeffler Group earns recognition for environmental transparency CDP score is an […]
Schaeffler continues to expand its portfolio of precision gearboxes and its development expertise Significant increase in production capacities since acquisition of Melior Motion GmbH by the Schaeffler Group Schaeffler Ultra Precision Drives GmbH supplies precision planetary gearboxes for a broad […]
. Board of Managing Directors decides on further structural measures to address overcapacity and reduce fixed costs, particularly in the Automotive Technologies division Cutting of 1,300 positions worldwide, including around 300 at locations outside Germany Expected potential savings of EUR […]
Third-quarter revenue up 20.2 percent from prior year at constant currency, third-quarter EBIT margin before special items at 8.4 percent (prior year: 7.8 percent) Automotive Technologies delivers strong constant-currency revenue increase of 25.2 percent in third quarter of 2022 due […]
Revolving credit facility increased from EUR 1.8 billion to EUR 2.0 billion (with a maturity of five years and extension option for up to two years) EUR 500 million term loan with five-year maturity to fund acquisition of Ewellix Group […]
Schaeffler presents the new sound of the DTM Electric at the Red Bull Ring in Spielberg with racing driver Sophia Flörsch New sound is created using real-time sound synthesis Schaeffler has more than 20 years of experience in the acoustic […]