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Schaeffler celebrates 75th anniversary

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German automotive supplier Schaeffler recently celebrated its 75th anniversary. Dr. Wilhelm Schaeffler and his brother Dr.-Ing. E.h. Georg Schaeffler laid the foundation for today’s company when they founded Industrie GmbH in Herzogenaurach in 1946. This marked the starting point of a company that today employs more than 83,900 employees at around 200 locations in more than 50 countries.

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To mark Schaeffler’s 75th anniversary, Schaeffler AG and IHO Holding are establishing the Schaeffler Foundation. The Foundation will be active worldwide and concentrate primarily on three focus areas: 1) Climate and Environmental Protection, 2) Research and Science, and 3) Education, Qualification and Equal Opportunity.

“Schaeffler’s pioneering spirit has always been crucial to the success of the company. Even throughout its challenging phases, the company has demonstrated a high degree of resilience and a constant willingness to view profound change as an opportunity. As shareholders, we are particularly aware that this success, spanning several decades, is primarily driven by our committed employees around the globe, as well as our customers and suppliers,” explains Georg F. W. Schaeffler, family shareholder and chairman of the supervisory board of Schaeffler AG.

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