DGAP-News: Schaeffler AG / Key word(s): Miscellaneous Schaeffler AG: Schaeffler develops solution for digitalization of tool manufacturing with DMG MORI 2021-09-24 / 09:00 The issuer is solely responsible for the content of this announcement.

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Schaeffler develops solution for digitalization of tool manufacturing with DMG MORI

- Joint development of an innovative, dynamically integrated system for more efficient and sustainable production

- Expansion of the long-standing partnership with DMG MORI

- Andreas Schick: "This innovative production system for tool manufacturing promises significant improvements in agility, efficiency, and response times within Schaeffler's global production network" 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 Thönes, 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).

Contact 


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

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2021-09-24 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

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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 
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1235706 2021-09-24

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September 24, 2021 03:00 ET (07:00 GMT)