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Schaeffler has received one of the coveted gold awards in the category value analysis from Toyota Motor Europe. Every year, suppliers are requested to identify cost and quality potential for volume-production products in accordance with the Kaizen philosophy. With its value analyses, Schaeffler has contributed to the continuous improvement of products, also in terms of costs, and captured a leading position in Toyota’s top supplier ranking list. In its justification of the award, Toyota particularly emphasized the success achieved in the product segment hydraulic valve lash adjustment elements. This is the first time that a gold award was presented in this category.
“This award is also proof of our excellent expertise in vertical integration because only the relevant understanding of processes produces such high-quality analyses”, says Prof. Peter Pleus, CEO Automotive at Schaeffler AG, who personally accepted the prize for Schaeffler. During the award ceremony, Pleus expressed his special gratitude to all the employees who made the award possible through their expertise and commitment. “We are once again confirming our importance as an important supplier and partner for Toyota and that makes us very proud” said Pleus.
Schaeffler is currently producing engine and transmission components for Toyota in seven European plants. The product portfolio ranges from clutches, dual mass flywheels and detent pins through to hydraulic pivot elements and mechanical tappets.
The supplier awards were presented during the annual business meeting, in which once a year Toyota Motor Europe and the top managers of European suppliers take a look back at the last financial year.
