Schaeffler receives "Best Support to Profitable Growth" award from Vestas

SCHWEINFURT, Germany, Aug. 1, 2016 /PRNewswire/ -- Vestas, one of the technological leaders and largest manufacturers in the wind turbine sector, honors Schaeffler for its outstanding performance as a supplier with the "Best Support to Profitable Growth" award, which is named after Vestas' company strategy. Vestas presents its annual supplier awards in three categories. In the "Best Support to Profitable Growth" category, Vestas honors the supplier that provides the best support in achieving profitable growth.

Schaeffler was presented with the award at the Vestas Supplier Conference 2016 in mid-June. Dr. Stefan Spindler, Schaeffler executive board member responsible for the industrial business, is very pleased about the award: "This award honors the work of many Schaeffler employees – from product development to the entire supply chain up to key account management in the various countries where we provide personal assistance and develop and manufacture products for Vestas. We look forward to further developing this excellent cooperation in the future."

Schaeffler supplies Vestas with special spherical roller bearings that are used as rotor shaft bearings in 2MW and 3MW wind turbines. As one of the world's leading rolling bearing manufacturers and a development partner to the wind turbine industry, Schaeffler has been producing bearing supports for wind turbines for over 30 years.

The Schaeffler Group is a leading global integrated automotive and industrial supplier. The company stands for the highest quality, outstanding technology, and strong innovative ability. The Schaeffler Group makes a decisive contribution to "mobility for tomorrow" with high-precision components and systems in engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The technology company generated sales of approximately 13.2 billion euros in 2015. With around 84,000 employees, Schaeffler is one of the world's largest companies in family ownership. It has a worldwide network of manufacturing locations, research and development facilities and sales companies at approximately 170 locations in over 50 countries.

The Industrial division supplies components and systems for around 60 industrial sectors via its worldwide organization with market proximity and its application support service. The range includes miniature bearings only a few millimeters wide through to large-size bearings with an outside diameter of several meters.

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SOURCE Schaeffler