NEWS


Schaeffler delivers solid results despite “a challenging environment”


Schaeffler has published its interim financial report for the first half of 2022. The automotive and industrial supplier’s revenue for the first six months amounted to €7,548 million, against €7,014 million prior year. The Automotive Technologies division


reported a slight constant-currency revenue decline of 1.0 per cent for the first half of the year, primarily attributable to volatile customer call-offs due to the persistently challenging environment in the automotive sector. Despite considerable decreases in Automotive Aftermarket division revenue in the Central & Eastern Europe subregion resulting from the war in Ukraine, the division reported constant currency growth of 3.2 per cent compared to


the prior year period. Industrial division revenue for the first six months was up by considerably 13.6 per cent at constant currency. Regional trends varied. While the Europe (6.0 per cent), Americas (9.5 per cent), and Asia/ Pacific (3.4 per cent) regions reported constant- currency revenue growth, Greater China region revenue declined by 8.0 per cent. Largely due to lockdown measures imposed in the second quarter, the company said.


Claus Bauer, CFO of Schaeffler AG, said: “The second quarter of 2022 was a remarkable one, not just because of the lockdowns which directly affected us at our largest campus in Taicang. We succeeded in proactively and prudently managing the cost impacts, some of which were significant, the increasing inflationary pressure and the strains in the supply chains. We are more than pleased with the solid results the Schaeffler Group delivered in this challenging environment.”


Schneider Electric ranks #1 in Supply Chain Top 15


Schneider Electric has ranked first in the Gartner Supply Chain Top 25: Europe Top 15 – retaining its position for three consecutive years.


This latest recognition follows last month’s announcement that the company had ranked second in the Gartner global ranking, and showcases the best practices of Europe’s Top 15 company supply chains. “We think this latest recognition from


Gartner and our peers is particularly meaningful given the highly volatile and disruptive environment supply chains have faced over the last year,” said Stéphane Poittevin, Senior Vice President Global Supply Chain Europe, Schneider Electric. “Our commitment to our customers and the planet compels us to continue to invest in our supply chain for greater resilience and sustainability.” The company has accelerated its


transformation toward becoming the most agile planet and customer-centric supply chain, and sustainability is the first pillar in its supply chain strategy, STRIVE (Sustainable, Trusted, Resilient, Intelligent, Velocity and Efficiency). Earlier this year, Schneider’s factory in


Le Vaudreuil, France, was recognised as a Sustainability Lighthouse by the World Economic Forum – the second for Schneider Electric and one of only six worldwide.


Sponsorship deal will keep Walker on track for success


Walker Logistics – the online fulfilment and logistics solutions specialist – has announced that it has extended its sponsorship agreement with motorsport ace Gordon Shedden as he competes for this year’s British Touring Car Championship (BTCC). A three-times winner of the British Touring Car series, Gordon Shedden drives for Team Dynamics and will display Walker Logistics’ corporate logo and other branding on his car, crash helmet and overalls during every race in the 2022 Championship season. Charlie Walker, Walker Logistics’ Head of


4 July/August 2022 Irish Manufacturing


Marketing, commented: “The BTCC is one of the best-loved, most illustrious and famous motor racing championships in the world. It attracts millions of fans and only Formula One and America’s NASCAR stock car series have larger followings. “From a business perspective, the BTCC is the perfect platform for Walker Logistics and, having enjoyed a successful partnership with Gordon for a number of years, we can’t wait to see him in the championship this season.”


www.irish-manufacturing.com


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40