Schaeffler's 300 Million Euro Bearing Plant Settled in Nanjing

On the afternoon of April 13, the world's top 500 German Schaeffler Group and Jiangning Science Park signed an investment agreement in Nanjing to start a bearing production base construction project. Yang Weize, Member of the Standing Committee of the Jiangsu Provincial Party Committee and Municipal Party Committee, met with the German Schaeffler Group's Board of Governors Galsinghe. The mayor Ji Jianye attended the signing ceremony and met with Gelsinghe and his party. City leaders Liu Yi'an and Zhou Qian attended the meeting or signing ceremony. .

It is understood that the Schaeffler Group's investment in the bearing plant in Jiangning District, a total investment of 300 million euros, the main products involved in automotive and industrial precision bearings. The settlement of this project will further improve the city's wind power, large-scale equipment manufacturing and automobile manufacturing industries.

Ji Jianye expressed his congratulations on the signing of the project. He said that Schaeffler Group takes innovation as the core concept and vigorously promotes product technology innovation, hoping that the group can bring new technologies, new products and new ideas to Nanjing. Nanjing is currently vigorously promoting technological innovation and industrial transformation and upgrading, and driving innovation as the core strategy of the government. It is believed that the construction of this project can promote the development of the automobile manufacturing industry and equipment industry in Nanjing as well as the industrial transformation and upgrade. It is expected that the project will become a benchmark project for cooperation between Nanjing and German companies.

Gailinger said that Nanjing has always been one of the key cities for Schaeffler Group to invest in China and Jiangsu. At present, Schaeffler China has 5,000 employees. The investment in the bearing plant project in Nanjing will attract two to three thousand employees in the future. In addition, the Group also plans to expand its R&D center to Nanjing. Thanks to the strong support of the Nanjing municipal government, we are full of confidence in the future development.

Yang Weize expressed her welcome to the arrival of the guests on behalf of the municipal party committee and municipal government and congratulated the Schaeffler Group on its investment in the construction of a bearing factory project in Jiangning. He said that the Schaeffler Group is one of the world’s four largest bearing manufacturing companies. The largest investment project in China will be settled in Nanjing, fully embodying a high degree of trust in us. The Nanjing Municipal Party Committee and Government will definitely go all out to support the project. Construction, do a good job of various services.

For a long time, there has been close economic and trade cooperation between Nanjing and Germany. At present, Nanjing is undergoing a crucial period of transformation and development. Strategic emerging industries such as wind power will be the focus of development during the 12th Five-Year Plan period. We hope to use this project as a starting point to further deepen the cooperation and exchange with the Schaeffler Group and achieve a win-win situation for both parties.

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