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Schaeffler develops and manufactures precision products for everything that moves – in machines, equipment, and vehicles as well as in aviation and aerospace applications – with its INA, LuK, and FAG brands. The globally active group of companies is a leading manufacturer of bearings worldwide and a renowned supplier to the automotive industry. The company generated sales of approximately 11.1 billion euros in 2012. With approximately 76,000 employees worldwide, Schaeffler is one of the largest German and European industrial companies in family ownership. With 180 locations in over 50 countries, Schaeffler has a worldwide network of manufacturing locations, research and development facilities, sales companies, engineering offices, and training centers.
Innovation as a success factor
In these fast-moving times, innovative strength – the ability to turn innovations into top class products – is more than ever a decisive factor in corporate success. Innovative strength is therefore a central element of the Schaeffler philosophy. As a company looking to the future, our actions have always been determined by the spirit of invention and the will to succeed, two fundamental traits of the Company's founders. These create the conditions in which our innovations have always made tomorrow better than today.
Thinking Incrementally
In the face of rapid technological progress and continually growing global competitive pressure, systematic improvement of what currently exists is of immense importance for success in the future.
As a company looking to the future, Schaeffler places particular emphasis on investing in research and development. Worldwide, approximately 6 000 employees work at 40 research and development locations, in close partnership with customers, on new solutions with technologically and economically convincing benefits – for example in the fields of materials, tribology and coatings. In the year of 2011 alone, this commitment led to the filing of 1 832 new patent applications. As a result, Schaeffler is among the leading companies in Germany in terms of inventions.
