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30 AD ASKS » SCHAEFFLER BRAZIL 60 YEARS February 2019 | AutoData 1 2 Yes, certainly. We will keep investing in Brazil, around € 25 million to € 30 million over the next two years. We don’t have problems regarding lack of capacity, we were able to meet the demand for the next years and that’s why the investments will be basically in processes for cost reduction and automation. Is Schaeffler planning new investments in its operation in Brazil? Is the operation in South America profitable? 3 4 Disclosure/Schaeffler German, 53 years old, graduated in business administration from the University of Münster. He made his career in the banking sector until joining Schaeffler Group in 2009 as CFO. In 2013, he was appointed interim CEO and confirmed in the position in 2014. He was in Brazil at the end of last year to participate in the company’s celebrations for being in the country for 60 years. Klaus Rosenfeld, global CEO of Schaeffler We export from Brazil to Europe, Mexico, United States, and, believe me, China. Here in Brazil we have capacity, technology and competitiveness, otherwise we wouldn’t be able to export. And Sorocaba is our global center for clutches and clutch bearings. There is no production of automatic transmissions in Brazil. When could that happen? How do you see the Brazilian products compared to others from other factories in terms of competitiveness? By André Barros 5 We see good opportunities because the program expects energy efficiency improvement and now we can provide to the customers in Brazil items that are manufactured in Europe today, for example, that will help them achieve the targets required. What did you think about Rota 2030? We have discussed that recently. We are suppliers, we do what our customers ask for. Today, customers bring these transmissions from abroad and that makes sense to them. If one day they understand that producing this item locally will be necessary, we will certainly be interested in serving them.