Schaeffler Group has announced that it has signed an agreement with Russia's Ulyanovsk State (Ulyanovsk), which will become the first manufacturing plant built of Schaeffler in Russia. Schaeffler Group CEO Jorgen • M • Gaixin Ge Ph.D. (Dr. Juergen M. Geissinger) said: "I am very happy to build factories in Russia, the local business condition is very good . we will be able to supply products directly to local customers, , and our cooperation with the local authorities is also very constructive. " Schaeffler Group, said the construction cost of the new plant is about 20 billion rubles (about U.S. $ 65 million), is scheduled to commence early next year and put into operation in 2014; The plant site is located Zawolzhje regional industrial park, put operators will at the same time to produce a range of products for Schaeffler automotive and industrial Division. Has nearly 700,000 residents in the city of Ulyanovsk, belonging to the Russian Volga Federal District, has developed into an important industrial center, especially in the automotive manufacturing, construction machinery and aviation sector, in addition, the region is an important transportation hub . Schaeffler since 1997, have been active in the Russian market, its Russian business is headquartered in Moscow, with offices in St. Petersburg, Novosibirsk, Togliatti, Yekaterinburg, Krasnodar and Kazan. FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |