Scha­ef­fler in­au­gu­rates new fa­cil­ity

Commercial Vehicle - - WHAT'S INSIDE -

Scha­ef­fler in­au­gu­rated a new fa­cil­ity at Pune un­der the ‘One Scha­ef­fler’ en­tity re­cently. Built with an in­vest­ment of Rs.2,000 mil­lion, the new fa­cil­ity will boost lo­cal man­u­fac­tur­ing ca­pa­bil­i­ties of Scha­ef­fler by man­u­fac­tur­ing en­gine and trans­mis­sion com­po­nents, and sup­ply­ing them to the do­mes­tic and ex­port mar­kets. Mark­ing the com­ple­tion of the merger pro­ceed­ings of INA Bear­ings In­dia and LuK In­dia with Scha­ef­fler In­dia, the new fa­cil­ity will have Scha­ef­fler, along with the ex­ist­ing fa­cil­i­ties, of­fer a full range of mo­bil­ity so­lu­tions in the area of en­gines, trans­mis­sions and chas­sis com­po­nents. The de­vel­op­ment will also en­able the tier sup­plier to of­fer a wide range of ball and roller bear­ings, hous­ings and ser­vices across mo­bil­ity and in­dus­trial ap­pli­ca­tions. Clock­ing a rev­enue of Rs.11.915 mil­lion from op­er­a­tions (net) for the third quar­ter that ended on Septem­ber 30, 2018, that marked a rise by 18.7 per cent when com­pared to the rev­enue of Rs.1,782 mil­lion in the cor­re­spond­ing pe­riod last fis­cal, Scha­ef­fler is look­ing at cap­i­tal­is­ing sig­nif­i­cant growth op­por­tu­ni­ties In­dia would present.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.