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Schaeffler AG, DE000SHA0159

Schaeffler AG, DE000SHA0159

24.09.2021 - 09:03:34

Schaeffler AG: Schaeffler develops solution for digitalization of tool manufacturing with DMG MORI

Herzogenaurach | September 24, 2021 | Schaeffler considers a holistic approach to digitalization as a key topic that opens up new opportunities for the company and its customers along the entire value-added chain. As part of the Roadmap 2025, the automotive and industrial supplier is therefore consistently driving forward the transformation of its more than 70 production plants into semi-autonomous, digital and sustainable factories of the future. The groundbreaking development of an innovative, dynamically integrated production system for digitalizing tool manufacturing is an important step in this transformation. Schaeffler will implement the new system in its plants worldwide in collaboration with DMG MORI Aktiengesellschaft, one of the world's leading manufacturers of machine tools and holistic technology solutions. Both companies are starting a joint software development project for this purpose.

"Through the development and use of this innovative production system for tool manufacturing, we expect to achieve significant improvements in agility, efficiency, and response times within Schaeffler's global production network", says Andreas Schick, Chief Operating Officer of Schaeffler AG. "I am convinced that our development project will not only benefit both companies but will primarily benefit our customers and users. We want to create innovative digital solutions and redefine the future of the sector in partnership." Since 2014, Schaeffler has been an important technology partner for DMG MORI in a wide range of industrial applications: "Our cooperation is the perfect fit", says Christian Th?nes, Executive Board Chairman of DMG MORI. "With Schaeffler as an important strategic partner, we can set new standards in the digitalization of tool manufacturing. 3D design data form the basis for highly-automated, digitalized processes and thus sustainable production."

An important step towards sustainable and digital production The dynamic system automates the existing individual process steps of design, planning, and programming. The key to this is the creation of routing based on artificial intelligence, automatically generated operations scheduling, and reconfigurable work processes. For example, the integrated solution can significantly reduce the time required to prepare a quotation by up to 80 percent by means of optimized processes and systems. "Schaeffler can use the new system to create a digital twin in Tool Manufacturing, starting in the operations scheduling processes through to the production process and its monitoring in Production" explains Dr. Stefan Spindler, CEO Industrial of Schaeffler AG.

This joint development from Schaeffler and DMG MORI is also supported by the software developer up2parts GmbH and ISTOS GmbH, an application developer for the manufacturing sector.


Schaeffler Group - We pioneer motion As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products, and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent, and sustainable. The technology company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,900 employees, the Schaeffler Group is one of the world's largest family companies. With more than 1,900 patent applications in 2020, Schaeffler is Germany's second most innovative company according to the DPMA (German Patent and Trademark Office).



Dr. Axel L?deke Head of Group Communications & Public Affairs Schaeffler AG, Herzogenaurach, Germany phone:?+49 9132 82 8901 email:?axel.luedeke@schaeffler.com Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone:?+49 9132 82 4440 email:?ir@schaeffler.com Martin Mai Head of Newsroom & Communications Service Schaeffler Technologies AG & Co. KG, Herzogenaurach, Germany phone: +49 9132 82 5062 email:?martin.mai@schaeffler.com Johann Eisenmann Senior Manager Investor Relations Schaeffler AG Herzogenaurach, Germany phone:?+49 9132 82 4440 email:?ir@schaeffler.com

24.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Schaeffler AG Industriestr. 1-3 91074 Herzogenaurach

Germany Phone: 09132 - 82 0 E-mail: ir@schaeffler.com Internet: www.schaeffler.com ISIN: DE000SHA0159 WKN: SHA015 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1235706 ? End of News DGAP News Service


@ dgap.de