Date: 2013-08-01

Continental and Schaeffler Group Push Cooperation Through Joint Purchasing

* Cost benefit of up to Euro 400 million in three years
* Cooperation makes better purchasing conditions possible and creates a stronger supplier network
* New opportunities in make-or-buy decisions

Through a global purchasing agreement, the automotive supplier Continental and the Schaeffler Group have started the first large joint project in the history of cooperation between the two companies. The purchasing cooperation was contractually agreed as of March 27, 2009. Its goal is to optimize cost of materials and achieve an annual triple-digit million benefit through access to the steel markets and component suppliers as well as investments and non-manufacturing materials. The combined purchasing volume of Continental and Schaeffler totaled approximately #8364;20 billion in 2008. The annual purchasing volume capable of benefiting from synergies comes to about #8364;6.6 billion, resulting in a total savings potential of #8364;350 to #8364;400 million for the period between 2009 and 2011 alone.

Both partners

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