- Launch to expand existing industrial housing portfolio in the country
New Delhi/Vadodara, May 16, 2018 – Leading industrial and automotive supplier, Schaeffler India Ltd (BSE: 505790, NSE: SCHAEFFLER) (Formerly FAG Bearings India Ltd) today announced the launch of its new range of FAG SNV Housings. SNV Housings are the new split plummer block housings which are quick to mount and easy to lubricate. Schaeffler India launched SNV Housings with an aim to provide similar German quality products manufactured locally.
SNV Housings find applications in Paper processing industry, Mining, Materials processing, Agricultural Machinery as well as Power Stations. The newly launched housings provide a host of benefits including reduced installation time, reduced maintenance, longer rolling bearing life, simplifying stock holding due to modular concept and more. The new range of housings are particularly easy to install and replace. It is no longer necessary to use special housing designs in many standard applications.
Harsha Kadam, President, Schaeffler Industrial Business, stated, “The launch of our new product SNV Housings is another milestone for our industrial business in India. We have always strived to offer the best in industry to our customers and am very proud that we have kept the momentum. These split plummer blocks are high quality housings designed and manufactured as per local customer needs, which also means higher degree of customization and modular design for easy installation, maintenance and replacement. The new range will deliver premium and hassle free performance in all its applications to our customers”.
The new range of housings will be made available through Schaeffler India’s existing Industrial Distribution Network as well as directly for OE requirements. For more information and enquiries, please log on to www.schaefflerbearinghousing.c
About Schaeffler India Limited (formerly FAG Bearings India Limited) (Schaeffler India)
Schaeffler India was established at Vadodara, Gujarat in 1962. With sales of INR 19 billion in 2017 and 1,571 employees, it is amongst India's leading manufacturers of ball and roller bearings. The company’s plants are rated among the most technologically advanced facilities of the Schaeffler Group and have global qualifications in terms of quality and productivity. Its bearings are highly preferred in domestic as well as various global markets and find wide ranging applications from electric motors to wind mills, motorcycles to mining, tractors to textile machines, and from paper to steel mills. In addition, the comprehensive services portfolio helps customers to maximize plant availability, prevent unforeseen machine downtimes and reduce maintenance cost. Schaeffler India’s trained technicians provide to customers a comprehensive range of equipment and services for the mounting and maintenance of rolling bearings.
About Schaeffler Group
The Schaeffler Group is a global automotive and industrial supplier. Top quality, outstanding technology and exceptionally innovative spirit form the basis for the continued success of the company. By delivering high precision components and systems in engine, transmission, and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is already shaping “Mobility for tomorrow”. The technology company generated sales of approximately EUR 14 billion in 2017. With around 86,600 employees, Schaeffler is one of the world’s largest family-controlled companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.