Date: 2013-07-31

Schaeffler Group Negotiate with the Chinese Potential Investors

According to the German "Economic Weekly" reported over the weekend, the world's second largest bearing manufacturer Schaeffler Group is negotiating with potential investors, including the Beijing Municipal Government in China.

A spokesman for Schaeffler Group said the company has said it would hold talks with potential investors to assess investor interest.


Schaeffler Group is faced with enormous financial difficulties. The company hope that through mergers and acquisitions in China to alleviate this problem

Schaeffler set up a research and development center Anting in Shanghai, and in China has a five manufacturing factories. Schaeffler Group have about 3,000 employees currently in China.

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