Schaeffler and SANY Sign Strategic Cooperative Agreement in Changsha

Schaeffler Group and SANY Group signed strategic cooperative agreement in Changsha recently. Mr. XIANG Wenbo, President of SANY Heavy Industry, attended the signing ceremony and made a speech. Mr. ZHAO Xiangzhang, Senior Vice President of SANY Heavy Industry and Dr. GOU Jianhui, Managing Director of Schaeffler Group Greater China, presented and signed the strategic cooperative agreement on behalf of the two parties.

The main business scope of SANY group is mechanical equipment manufacturing, now SANY has fully entered the construction machinery industry. SANY has a vast product range of construction machinery, road machinery, excavating machinery, pile driving machinery, elevating machinery, harbor machinery, coal mining machinery and wind turbines. Among them, concrete machinery, pile driving machinery and crawler crane are top domestic brands; concrete pump replaced all imports and has ranked first in production and sales for many years. At present, SANY Group has 30 overseas subsidiary companies worldwide, business covering 150 countries, and products exported to over 110 countries and areas. SANY has extended its R&D and manufacturing bases into India, USA, Germany and Brazil. In China, SANY Group has five industry facilities in Shanghai, Beijing, Shenyang, Kunshan and Changsha.

Rolling Bearing is a key part in vehicle and heavy equipment including construction machinery, drive equipment and wind turbines. As a leading manufacturer of roller bearings and linear products worldwide, Schaeffler possesses advanced basic and application R&D capacity based on more than 100 years' experience. The exquisite manufacturing technology and the widely application experience worldwide have made bearings of INA and FAG a symbol of innovation and quality. As one of the ten most innovative enterprises in Germany, the Schaeffler Group, with rich application experience in European and American and Chinese market, superior expertise and ideal, with the service and manufacturing network at 180 locations in over 50 countries, can provide full support to SANY Group's sustainable development strategy.

According to the agreement, Schaeffler and SANY will enhance the comprehensive strategic agreement in the future, using their respective dominant resources both in technology development and marketing, for mutual benefit and cooperative development. This cooperation will continuously strengthen the core competitiveness of the SANY products and further consolidate the market advantage of Schaeffler products in related field.

Dr. GOU Jianhui, Managing Director of Schaeffler Group Greater China, said: "As market leaders in our respective fields, we both are firmly convinced that the strategic cooperative agreement will achieve a win-win cooperation and mutual benefit, strengthen the leader postion of the products of both parties in construction machinery and coal mine machinery market, lay a solid foundation for the rapid development in SANY's new entry fields of gear box, wind turbine and machine tool."

Source Schaeffler Group