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In the Ulyanovsk region there began construction of the first plant of “Schaeffler” automotive components in Russia

11.06.2013

The first stone ceremony was attended by the Extraordinary and Plenipotentiary Ambassador of the Federal Republic of Germany in the Russian Federation Ulrich Brandenburg and the Governor Sergey Morozov.


Plant for the production of automotive and industrial components including bearings for trucks and cars, clutches, engine components and parts of belt drives will be located in the industrial zone “Zavolzhye”. The total investment in the project implementation will reach about two billion rubles.

“The key factors in making the decision on the location of production in Ulyanovsk were, first of all, the proximity to the car producers, the availability of the qualified personnel and a large number of universities with scientific potential, advanced industrial and transport infrastructure,
” - said the Chairman of the Board of Directors of “Schaeffler” concern Dr. Jürgen M. Geissinger.

The company is planning to complete the first construction phase of the plant within the area of 22 hectares in the middle of 2014. Within five years of the project implementation there will be created at least 450 new jobs. The project presupposes the possibility of increasing of the production space and extending of the product variety.

Dr. Geissinger noted that the integration into the region, mutual respect and confident collaboration are highly important for “Schaeffler”. Together with Georg F.W. Schaeffler he handed over a donation of 500 000 rubles to the city clinic number 3 in Ulyanovsk.

Let us remind that the investment agreement on creation of production in the Ulyanovsk region was signed in December last year by the Governor Sergey Morozov, CEO of “Ulyanovsk Region Development Corporation” Dmitry Ryabov and General Director of “Schaeffler Manufacturing Rus” Mikhail Volkov.

“It is very prestigious and honorable that such a company as “Schaeffler” chose the Ulyanovsk region for localization of its plant. It will be a milestone project which will be able to attract a lot of foreign investors to the region with its very name", - said the Governor.

“In the Ulyanovsk region there are provided excellent conditions for investment, that is evidenced by the arrival in the region of the company with the world-famous name”, - said the Extraordinary and Plenipotentiary Amnassador of the Federal Republic of Germany in the Russian Federation Ulrich Brandenburg.


For information:
“Schaeffler” company which owns brands INA, LuK and FAG develops and manufactures products targeted for application in machine tools, industrial equipment, automobiles, medical equipment and aerospace industry. Schaeffler is one of the world's leading bearing manufacturers and has more than 180 companies in 50 countries worldwide with the workforce of around 76 thousand people. The main customer of Schaeffler - automotive industry, which accounts for about 60% of sales. Group turnover of 10.7 billion euros.


Additional information:

Tatiana Fadeeva,
Ph.D., Head of Public Relations Department
Ulyanovsk Region Development Corporation, JSC
Phone: +7 (8422) 73 70 01, ext. 118

pr@ulregion.com
http://ulregion.com/