Recently, Shougang Group and Schaeffler Group of Germany signed a strategic cooperation agreement in Beijing. The signing of the agreement announced that the two sides formally established a strategic cooperation relationship. Shougang Group will provide Schaeffler Group with a broader market and give priority to suppliers. The Schaeffler Group will provide Shougang with a full range of products, technical services and R&D support.
The Schaeffler Group is a family-owned company from Germany. The Schaeffler Group is a global leader in the production of rolling bearings and linear motion products and is one of the most reputable suppliers in the automotive industry. Through three well-known brands - INA, FAG and LUK, the Schaeffler Group is active in the automotive, industrial manufacturing and aerospace sectors. The Schaeffler Group's automotive industry is a reliable partner for virtually all car manufacturers and other major suppliers with its expertise in the overall power systems of passenger cars and trucks (engines, chassis, gearboxes and auxiliary devices).
Shougang Group is a large-scale enterprise group mainly engaged in the production of the iron and steel industry and concurrently operates various industries such as mining, machinery, electronics, construction, real estate, service industry, and overseas trade, and operates across regions and industries. Shougang Corporation is the parent company, subordinated shares, Xingang, Qiangang, Shouqin, high-tech, electromechanical and other overseas companies. Nearly 80,000 employees. In the 30 years of reform and opening up, Shougang’s steel production increased from 1.79 million tons to 12.19 million tons, sales revenue increased from 1.443 billion yuan to 132 billion yuan, and accumulated national profits and taxes were 57.66 billion yuan, which was the development of China’s economic society and steel industry. Made outstanding contributions.
Dr. Gou Jianhui, Managing Director of the Schaeffler Group Greater China and President of the Industrial Division, and Mr. Wang Yuhai, Director of the Equipment Department of Shougang Corporation attended the signing ceremony.
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