Schaeffler Group (Schaeffler Technologies GmbH & Co. KG) Business Report FY2010
|(in million euros)|
|FY2010||FY2009||Rate of Change(%)||Factors|
-The economic recovery following the marked slump in demand in 2009 as a result of the financial and economic crisis allowed the
Automotive Division to increase its revenue by 33.7 % to EUR 6,341 m (prior year: EUR 4,743 m) in 2010.
-The Automotive Division profited particularly from double-digit growth rates in Asia and the unexpectedly rapid recovery of the North American economy. Further positive momentum came from various new projects, production start-ups and above-average growth rates for equipping small gasoline engines for passenger cars with variable valve control systems.
-Due to the widespread economic recovery within the automotive industry, all Automotive Division sectors contributed to the significant increase in revenue and earnings from the prior year. High order volumes, evidenced by an increase in average monthly incoming orders of more than 40% compared to 2009, led to all plants again operating at very high utilization levels since the second quarter of 2010.
Contracts-New orders from a Japanese automaker for its CVT chains highly tangible. The Group and a Japanese automaker have recently undertaken joint development of a chain-type CVT and the automaker is expected to adopt the CVT in a few years. Schaeffler has supplied to Fuji Heavy Industries Ltd. (FHI) since 2009. This automaker, therefore, will be its newly developed Japanese customer, following FHI. A chain-type CVT is recognized as a technology to improve fuel efficiency of a high-power engine. Schaeffler will step up promotion efforts focused on such an advantage in order to win new orders so that it should increase business with Japanese firms. (From an article in the Nikkan Jidosha Shimbun on July. 26, 2010)
-Schaeffler Brasil Ltda. has received the "Quality Achievement Performance Certificate" from Toyota Mercosur. (From a press release on May 12, 2010)
|(in million Euros)|
R&D Structures-At the end of 2010, over 5,000 employees at 40 development locations worldwide were employed in developing new products, processes and methods.
Patents-In 2010, over 1,600 new patent registrations in 2010 (per DPMA). This puts the Company with its more than 16,000 patents in
effect at the top of the most inventive companies in Germany.
-The Company is going to locate its planned new R&D center in Japan on the premises of the Yokohama Engineering Center (Yokohama City, Kanagawa Prefecture) of the Continental Group, a Germany-based manufacturer Schaeffler has recently acquired. This is part of Schaeffler's initiatives to integrate its expertise in mechanical parts with Continental's know-how in the area of electronic control technology, so as to gain a competitive edge in developing advanced environmental and safety technologies for the next generation. Use of Continental's facility will help establishing a collaborative framework and enhance investment efficiency. Schaeffler is likely to be able to advance the start-up schedule for part of its planned development operations to 2011, a year earlier than the original schedule. (From an article in the Nikkan Jidosha Shimbun on August. 5, 2010)
Product DevelopmentHybrid Model Concept
-developed a concept hybrid model called the "Schaeffler Hybrid". This vehicle is equipped with an electric motor unit, two wheel hub motors and a 16kWh lithium-ion battery, besides a gasoline engine. It can employ multiple driving options ranging from operation using a combustion engine, operation as a parallel hybrid or serial hybrid to operation using the electric motor only. The wheel hub motor called eWheel Drive was developed by Schaeffler. The electric motor unit was designed and manufactured by its German subsidiary INA - Drives & Mechatronics GmbH & Co. oHG (IDAM). Schaeffler's products for hybrid and electric vehicles include hybrid clutches, electromechanical chassis and steering components, differentials with face spline and electric differentials. (From a press release on April 30, 2010)
Dual Mass Flywheel
-Expanding its dual mass flywheel (DMF) portfolio since the introduction by LuK in 1985. The DMF with centrifugal pendulum-type absorber made its debut in 2008 with the launch of the BMW 330 d and BMW 320 d Efficient Dynamics Edition. Luk developed the ZmartDamp, a DMF technology designed for small vehicles. Schaeffler manufactures more than six million dual mass flywheels annually in Germany, Hungary and China. (From a press release on August 17, 2010)
Turbocharger for Gasoline Engines
-Start series production of the new turbocharger for gasoline engines, developed by Continental. The plan is to reach an annual production capacity of two million turbochargers by 2014. The new turbocharger, designed to allow fully-automated assembly and consequently offering production quality and cost advantages, will be installed in a European vehicle platform's gasoline engines. (From a press release on January 25, 2010)
|(in million Euros)|
Investment Outside Germany<Asia>
-The Company will invest around 300 million euros in Asia during the next few years. Schaeffler will build two new factories for rolling bearings and engine and transmission components in China and one new factory in India. Construction of these plants is to be completed by 2012. The Company will also make investments to develop the existing manufacturing sites in China, India, Korea and Vietnam. Development facilities in India and Japan, which will be added to the existing locations in China and Korea, are to be set up. (From a press release on July 19, 2010)