Schaeffler ranked second most innovative company in Germany

Schaeffler identifies key trends at an early stage and defines new technology standards. This corporate culture encourages innovation and is driving forward the research and development of innovative components, modules and systems in focal areas such as energy efficiency, renewable energies, mechatronics and electric mobility.

Prof. Dr-Ing. Peter Gutzmer, Deputy CEO and Chief Technology Officer at Schaeffler AG says: "Innovation is one of the Schaeffler Group's success factors and ensures our economic success in the long term. The basis for continuous innovation is our network of research and development, which identifies new basic technologies in a worldwide network and uses these to generate and realise ideas for new, customer-relevant products." This underlines the connection between practical expertise and scientific research as an important basis of Schaeffler's innovative strength.

Approximately 6700 employees at 17 R&D centres develop new products, technologies, processes and methods for solutions that are tailored to the market. Schaeffler currently has 24,000 active patents and patent registrations. The company's main development locations in Germany are Herzogenaurach, Schweinfurt and Bhl, which are linked with further development centres in Europe, Asia, North America and South America.

For more information about Schaeffler please visit www.schaeffler.co.uk.