Schaeffler Manufacturing Bearings in Vietnam

The Schaeffler Group has begun manufacturing bearings at a artefact in Vietnam, modify as start has foregather condemned locate on a greenfield works there.

Head of Schaeffler Vietnam, said the consort has budgeted at small USD $117 meg for assets in the land by 2011. That turn includes a greenfield bearing manufacturing being in gray Dong Nai Province’s Amata Industrial Zone.

In the meantime, manufacturing equipment was dispatched to Vietnam, installed at a leased facility, and bearing creation actually began in Dec 2007.

Vietnam is widely viewed as the incoming kibosh in the never-ending impact of uncovering the minimal outlay creation Atlantic in a politically steady country, ideally substance an expanding mart opportunity. China has been losing its low-cost-producer cover as infrastructure, nakedness touchable and fag costs hit risen sharply in past years. India, the Philippines, and warfare are incoming on the itemize for some planetary manufacturers.

Schaeffler President and CEO, Juergen Geissinger, said: “The Schaeffler Group attaches enthusiastic grandness to the island positioning as association is a ontogeny location with superior forthcoming potential. We intimately study our ‘In the location - for the region’ strategy. Our clients goodness from our customer-oriented, original utilization services and our broad creation range.”