Manufacturer of parts for the automotive and industrial industries, Schaeffler, has reported record sales for the first half of 2011, with a 21% rise in sales on 2010 in Europe (excluding Germany).
While Schaeffler’s European operations experienced a rise in sales of 21%, Asian sales rose by 18%, while in Germany sales rose by 17%. While the automotive side of Schaefflers operations rose by 16% to Eu3.5bn, sales in the industrial sector rose by 25% to around Eu1.7bn. While Schaeffler invested $312m in capital during the first…
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