Schaeffler rewards suppliers for outstanding performance

<p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px; text-align: justify;"><img src="/ueditor/php/upload/image/20230530/1685376971838861.png" title="1685376971838861.png" alt="1.png"/></span></p><p><span style="font-family: arial, helvetica, sans-serif; font-size: 12px; text-align: justify;">Schaeffler honors 19 suppliers with the Schaeffler Supplier Award</span><br/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Close partnerships with suppliers are key to long-term corporate success</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Schaeffler Supplier Day: Focus on sustainability and digitization in the supply chain</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The global automotive and industrial supplier Schaeffler presented 19 of its suppliers with the Schaeffler Supplier Award at the Supplier Day in Herzogenaurach, Germany, in honor of their exceptional performance. Georg F.W. Schaeffler, Family Shareholder and Chairman of the Supervisory Board of Schaeffler AG, and Klaus Rosenfeld, CEO of Schaeffler AG, presented the awards in the five categories of Innovation, Sustainability, Cost Efficiency, Quality, and Supply Chain before an audience of more than 450 guests.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Andreas Schick, Chief Operating Officer of Schaeffler AG, said: “A close, trusting relationship with our suppliers is crucial to Schaeffler. Given the enormous challenges we are currently facing in global supply chains, close partnerships are now more important than ever and are key to long-term corporate success.”</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The key topics of digitization and sustainability in the supply chain occupied center stage at the Schaeffler Supplier Day. Andreas Schick: “Digitization offers considerable potential for new products and solutions, and Schaeffler is actively driving the company’s transformation forward with digital solutions along the entire supply chain. In conjunction with our suppliers, we will make joint use of the opportunities that digitization presents to make value creation more agile, efficient, and, ultimately, even more sustainable.”</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The strategic importance of digitization to Schaeffler is also reflected in all of the supplier awards in the “Innovation” category. The award was presented to suppliers for digital solutions developed in areas such as Industry 4.0, or for the joint development of online service portals. With awards in the “Sustainability” category, Schaeffler honors suppliers who support the corporate goal of achieving climate neutrality by 2040 by focusing extensively on using raw materials efficiently, recycling production waste, or generating electricity from renewable energies. The Schaeffler Supplier Award in the “Supply Chain” category is presented to top suppliers for excellent delivery reliability and particularly resilient delivery chains, while the awards in the “Quality” category honor outstanding quality performance. The awards in the “Value” category are presented by Schaeffler to honor strong partnerships, which are particularly important for the company’s competitiveness worldwide.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The recipients of the 2023 Schaeffler Supplier Award:</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">RPK S. Coop., Spain</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">FAIST Mekatronic, Romania</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">POSCO, South Korea</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Shandong Golden Empire Precision Machinery Tech., China</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Trafilspec ITS S.p.A., Italy</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Draxton, Spain</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Edmund G. Friedrich &amp; Co. GmbH, Germany</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Imperial Logistics International B.V. &amp; Co. KG, Germany</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Kentpar Otomotiv Yedek Par?a A?, Turkey</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Delux Bearings Pvt. Ltd., India</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">hmmh multimediahaus AG, Germany</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Ravi Technoforge Pvt. Ltd., India</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">UMBRAGROUP S.p.A., Italy</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">NHB BALL &amp; ROLLER LTD, India</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Statkraft Markets GmbH, Germany</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Hwacheon Machine Tools Co., Ltd, South Korea</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Mitsubishi Materials Corporation, Japan</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Tyrolit – Schleifmittelwerke Swarovski AG &amp; Co K.G, Austria</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Siemens AG Digital Industries, Germany</span></p><p><br/></p>