According to foreign media reports, Schaeffler announced that it will spend 180 million euros ($209 million) to build an assembly and packaging center near Leipzig, Germany, to supply auto parts and tools to warehouses in Europe. The center is expected to be operational in 2019 and will add approximately 900 jobs.
Schaeffler said in his speech that the center is located in Halle, 33km from Leipzig, and will help improve the company's distribution quality in the future. Schaeffler CEO Klaus Rosenfeld said the investment also hinted at the importance of the strategic linkages of automotive aftermarket operations and Schaeffler's commitment to the German government.
On Wednesday, Schaeffler announced its third quarter 2017 profit and sales. The company's third-quarter profit before interest and taxes (EBIT) reached 416 million euros, basically flat compared with last year; operating income in the first nine months reached 10.5 billion euros, an increase of 5% compared with the same period last year, including in Greater China The increase was 21.3%. In the first nine months, the company's net income reached 791 million euros, while earnings per share increased by 17% to 1.19 euros compared with the same period last year.
Schaeffler produces ball bearings for tools and aircraft, as well as clutches, release systems, engine and transmission applications and chassis applications.

Steel Baler

This steel baler equipment can squeeze all kinds of scrap metal raw materials into cuboid, cylinder and other various shapes, its compression ratio is high, convenient for storage, transportation and smelting, improve the furnace feeding efficiency, suitable for scrap steel processing and distribution center, scrap car dismantling center, casting industry, steel mills and non-ferrous metal industry.

1) All structural parts are reliable and stable. The wear-resistant plate is made of Hardox plate imported from Switzerland, featuring long service life and low maintenance cost

2) The operation mode can be manual mode or automatic control mode, which is simple and easy to learn


Steel Shavings Baler, Steel Turnings Baler, Waste Steel Baler, Steel Scraps Baler

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