Recently, Schaeffler (China) Co., Ltd. has made it to the list of “Outstanding Enterprises of Jiangsu Province”.
This commendation from the Jiangsu Provincial Committee of the Communist Party of China and the Provincial Government aims to recognize exemplary enterprises and inspire more companies to become stronger, better, and bigger. In total, 100 enterprises were awarded the honorable title of “Outstanding Enterprises of Jiangsu Province” and 100 entrepreneurs were given the title of “Excellent Entrepreneurs of Jiangsu Province”. This is part of an effort to encourage active participation in the new journey of modernization construction.
Schaeffler Group, founded in 1946 and headquartered in Herzogenaurach (Bavaria) , Germany, is a globally renowned component supplier, leading in the fields of automotive, industrial manufacturing, and aerospace. Since 1995, the Schaeffler Group has been investing in Taicang Hi-Tech Zone, establishing five factories, one Tool manufacturing department, one special machinery department, one dual-system training center, and one integrated service center, and has formed Schaeffler (China) Co., Ltd on the basis of these facilities. Today, Schaeffler (China) has become one of the most important production base of Schaeffler Group in Greater China, becoming the largest German intelligent manufacturing enterprise in Suzhou and even Jiangsu province.
As a model enterprise for Sino-German cooperation in Taicang, Schaeffler Group has been working hand in hand with Taicang for 28 years. In 1995, Schaeffler Group, the global bearing giant situated by the picturesque Rhine River, expanded its footprint to the magnificent Yangtze River in China. Three years later, Schaeffler’s first factory in Taicang was officially put into operation. Since then, the Group has set down its roots and continuously expanded its presence in Taicang. The company has invested in Taicang 13 times, with a total investment exceeding 2 billion euros and an annual output value surpassing 20 billion yuan. Schaeffler’s production base in Taicang has evolved into its largest and most important production base in China.
This year marks the 30th anniversary of Taicang’s deepening cooperation with Germany. “Schaeffler Group has been a witness, participant, and beneficiary of Taicang’s development over the past thirty years. Looking ahead, we aspire to make new contributions to Taicang’s upcoming glorious 30 years and a promising future,” Dr.Zhang Yilin, CEO of Schaeffler (Greater China) Co., Ltd.,said.