FAG Schaeffler

Schaeffler Group is a leading global integrated automotive and industrial product supplier. Schaeffler represents the highest quality, outstanding technology, and strong innovation capability. With high-precision engine, transmission, and chassis components and systems, as well as rolling bearing and plain bearing solutions, the Schaeffler Group makes a decisive contribution to realizing the vision of "mobility for tomorrow." In 2016, the Schaeffler Group achieved sales of approximately €13.3 billion and employed over 86,600 people worldwide, making it one of Europe's largest technology-oriented family-owned companies. Schaeffler operates around 170 branches in 50 countries, forming a global network encompassing production facilities, R&D centers, and sales companies. Schaeffler was founded in 1883 by Friedrich Fischer. The current Chairman and CEO of FAG is Uwe Loos. Affiliated with the Schaeffler KG Group, FAG is the world's first bearing manufacturer. It currently employs 18,000 people worldwide and achieved sales exceeding €6 billion in 2005. FAG has always remained at the forefront of the global bearing industry, with its current product range covering various industries and excelling particularly in railways, steel, paper, cement, and mining sectors. Nevertheless, the company invests substantial R&D funds annually in developing new products and improving mature ones, as the world continues to advance and market demands and customer requirements are always era-defining. It is through the company's continuous improvement efforts that FAG products successfully entered the ranks of what were then considered the most demanding customers, such as BMW, Volkswagen, and General Motors, becoming their long-term, stable OEM suppliers. The FAG bearing brand also originated from a stroke of genius. As early as 1883, in the small town of Schweinfurt, Germany, Friedrich Fischer designed a specialized steel ball grinding machine that for the first time made it possible to produce perfectly spherical steel balls through a grinding process. This invention is regarded as the cornerstone of the rolling bearing industry. This is why FAG has become one of the leading brands in mechanical engineering, the automotive industry, and aerospace technology. FAG has companies, branches, and sales agencies in all major industrial countries worldwide.