September 29, 2016 2:07 PM ET

Auto Components

Company Overview of Schaeffler Verwaltung Zwei GmbH

Company Overview

Schaeffler Verwaltung Zwei GmbH, together with its subsidiaries, manufactures and sells precision components and systems for the automotive and industrial sectors worldwide. The company operates through two segments, Automotive and Industrial. The Automotive division offers components and systems for engines, such as valve-lash adjustment elements, variable valve train and camshaft phasing systems, chain and belt drives, and rolling bearings; transmission systems, including automated manual transmissions, double-clutch transmissions, and CVTs; and bearings for accessory units and special applications for commercial vehicles. It also provides replacement parts; training courses; and advisory ...

Industriestrasse 1-3

Herzogenaurach,  91074

Germany

Founded in 1883

85,225 Employees

Phone:

49 9132 82 4440

Fax:

49 9132 82 4444

Key Executives for Schaeffler Verwaltung Zwei GmbH

Managing Director
Age: 51
Managing Director
Age: 50
Managing Director
Compensation as of Fiscal Year 2016.

Schaeffler Verwaltung Zwei GmbH Key Developments

Schaeffler Group to Build New Manufacturing Campus in Xiangtan, Hunan Province

The Schaeffler Group has recently signed a cooperation agreement with a visiting delegation from the Hunan provincial government. Under the agreement, Schaeffler will invest in a new production base in Xiangtan, Hunan province, to expand the company's production capacity in Greater China and better serving customers in both Chinese and international markets. Specifically, Schaeffler will invest in the phased construction of a new production base in Xiangtan city, Hunan province. The first phase of the project will occupy a total area of around 200,000 square meters, and the first plant, which will manufacture automotive parts and precision bearings, is scheduled to be put into operation by the end of 2018.

Schaeffler Group to Present New and Specific Solutions for Digitalized Production and Machine Monitoring with its "Drive Train 4.0" Technology Exhibit

At 2016's Hannover Messe, Schaeffler Group will be presenting new and specific solutions for digitalized production and machine monitoring with its "Drive Train 4.0" technology exhibit. The focus of this exhibit will be on two new digital services for every drive train type: The calculation of rolling bearings' remaining useful life based on real load spectra and automated rolling bearing diagnostics. Machine manufacturers and operators can visit the Schaeffler booth (hall 17, booth A37) and the Predictive Maintenance 4.0 booth (hall 17) to see demonstrations of these new services by the development engineers who will be on hand. The new generation of the FAG SmartCheck - a system for diagnosing the vibration behavior of bearings and machines - which can now be connected to a cloud, will also be making its debut in 2016. Calculation of rolling bearings' nominal remaining useful life in operation. By allowing the remaining useful life of rolling bearings to be calculated based on real load spectra that are recorded during operation, Schaeffler offers both machine manufacturers and operators an efficient solution for reducing total cost of ownership (TCO) as well as unit costs. Prerequisites for calculating the real load spectra during operation are machines equipped with sensor technology that matches the application, data from the machine control system, a BEARINX model of the machine, and a connection to the Schaeffler cloud. When the real load spectrum is available, an automatic calculation of the nominal rolling bearing rating life is made using Schaeffler's BEARINX calculation tool via the cloud-based software platform. The respective nominal remaining useful life for each bearing in the machine or system is derived by subtracting the current runtime from this newly-calculated rating life. These complex calculations go unnoticed by the operator, however, as they are carried out cyclically and automatically during operation. The customer can then view the remaining useful life of every individual bearing position in the machine using an internet-capable end device. The continuous calculation of rolling bearings' remaining useful life opens up the following possibilities: Active control of machines' capacity utilization with a view to predictive maintenance; Higher capacity utilization for individual axes and entire machines; Requirement-based maintenance intervals according to real load conditions; Utilization of real field data and load spectra for design optimization and re-engineering of machines by the manufacturer. The prerequisite for this is the new generation of the FAG SmartCheck vibration monitoring system, which is to be presented for the first time in Hannover. This compact measuring system records the raw data from every assembly and transmits them to the cloud. Improved calculation and analysis algorithms that are continuously updated are available for processing these data on Schaeffler's software platform, which customers can access from their end devices without the need for additional software installation. The FAG SmartCheck diagnostic system detects bearing damage, wear, imbalance, misalignments, and miscellaneous irregularities based on changes to the vibration patterns. Depending on the system type, defects can also be detected on very different components, such as rotor bar fractures and gearbox damage. The SmartCheck has thus far been predominantly used as a local system that includes both the analysis algorithms and a rolling bearing database. The new generation of the FAG SmartCheck - which is used to connect to the cloud - is now about to be introduced for the first time. The FAG SmartCheck demonstration in Hannover will feature a direct link to a cloud, to which the data from the SmartCheck will be transferred. The automated diagnosis signals are processed from the raw data transmitted by the FAG SmartCheck and any other data that are available. This means that the vibration data are not only processed in the SmartCheck itself - they are also processed in the cloud, which offers greater processing power and more extensive analysis options the combination with other machine data. This increases the reliability of the diagnosis that the customer receives. For very critical applications, users also have the option of directly contacting the Schaeffler Group's vibration specialists, who are certified according to DIN ISO 18436-2, via the cloud. These services will be demonstrated live at the Hannover Messe.

Schaeffler Reportedly Plans For IPO

Schaeffler AG is planning an initial public offering to pay down debt, people familiar with the matter said. Schaeffler could announce plans to list a stake of 20% to 30% in Frankfurt as early as September 21, 2015, said the people, asking not to be named as the details aren’t public. Schaeffler plans to devise a special structure that will allow the Schaeffler family to retain control after the listing, the people said. A spokesman for Schaeffler couldn’t immediately be reached outside of regular German business hours, Bloomberg reported.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 7, 2015
Naco Technologies, SIA
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Schaeffler Verwaltung Zwei GmbH, please visit www.schaeffler-group.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.