RUSSIA: Schaeffler inaugurates
first Russian manufacturing facility

Schaeffler has inaugurated its first manufacturing facility in Russia, to deliver products to the automotive and railway industries from the Ulyanovsk plant.

The plant is currently producing clutches and manual transmission components on two production lines.

"A new manufacturing facility is not only a new industrial complex, it also creates new jobs, which is especially important for our region," said Ulyanovsk region governor, Sergey Morozov.

The manufacturing facility currently has more than 100 employees with a total of around 300 jobs planned.

The city's mayor, Marina Bespalova, attended the opening ceremony together with representatives of Ulyanovsk's regional administration and members of the Schaeffler Executive Board.