Schffler strengens regional setup in Asia

2013-11-18 | 000-004-665 DE-EN

SCHAEFFLER AG, HERZOGENAURACH

Schaeffler strengthens regional setup in Asia

China to become a separate region

Korea, Japan and South East Asia to be combined into new region Asia/Pacific

India becomes part of new region EMEA

International Automotive and Industrial supplier Schaeffler has decided to strengthen its organizational setup in Asia. To emphasize the growing importance of China and the South East Asian markets for Schaeffler Group and to support future growth in Asia, the organizations in China, India and the remaining countries in Asia will be separated as of January 1, 2014. Up to now those countries were consolidated in one region Asia/Pacific.

China, one of the fastest growing countries for Schaeffler Group, generates approx. 1.1 billion of sales, thus making up for around 43 percent of the regions' sales. To reflect its strategic importance for Schaeffler Group, China will become a separate region headed by Dr. Yilin Zhang (50), currently Head of Automotive China, as Regional CEO China. Dr. Zhang will manage the region out of Shanghai.

Korea, Japan and the South East Asian countries together with Australia will be combined into a new region Asia/Pacific that will be headed by Andreas Schick (43), currently Head of the Business Division Transmission Applications, as Regional CEO Asia/Pacific. Andreas Schick will be located in Singapore.

India, after China and Korea the third biggest country for Schaeffler Group in Asia with approx. 300 million sales, will become part of a new region EMEA (Europe, Middle East, Africa, and India). India continues to be headed by Dharmesh Arora out of Pune.

The Regional CEOs report directly to the CEO of Schaeffler Group.

With the decision to establish China as well as Korea, Japan and the South East Asian countries as two separate regions, we recognize the great progress Schaeffler Group has made in these countries over the past years. The new regional setup allows us to place an even higher focus on theses important growth regions, said Klaus Rosenfeld, CEO of Schaeffler Group.

As per September 30, 2013, Schaeffler Group generated around 23 percent of its global sales in the Asia/Pacific region. Given the region's future growth dynamics, the company expects to increase the region's sales share to over 25 percent by 2015. The new setup of the Asia/Pacific region is a first and important step in a fundamental realignment of Schaeffler Group's organizational structures.

LINK:	http://www.ina.de/content.ina.de/en/press/press-releases/press-details...
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