Schaeffler India Limited (BSE: 505790, NSE: SCHAEFFLER) today inaugurated a state-of-the-art Large Size Bearing (LSB) Refurbishment Center in Jamshedpur,Jharkhand. Strategically located in Eastern part of country, this facility is in partnership with Premier Bearings India Ltd., a leading authorised distribution partner for Schaeffler India.
Commenting on the milestone, Mr. Harsha Kadam, MD & CEO, Schaeffler India, said: “Schaeffler remains committed to offering efficient and sustainable solutions which add value across the value chain. The center represents our commitment to being the preferred technology partner, as we combine efficiency and our deep product understanding to deliver value to our customers. Bearing reconditioning is a sustainable process that enables companies to save significant time and cost and also add incremental positive impact on the environment. I’m confident that this facility in association with our long standing distribution partner will play a pivotal role in maintaining defect-free production for customers.“
Speaking at the inauguration, Mr. Surendra Choraria, Chairman, Premier Bearings India Ltd., said, “We are proud of our long standing committment towards Schaeffler and in bringing technology and precision products closer to customers. Over the years, our partnership with Schaeffler has helped us to build and enhance our technical competence and going forward we are confident that this facility will fulfill the customers‘ growing demand for sustainable and efficient bearing reconditioning services.“
With this center, the company has enhanced its service offerings and proximity to customers to repair bearings used in continuous operating process industries such as mining, metal & minerals, pulp & paper, railways, power sector and many more.
These bearings play a critical role in these industries by keeping high-value machinery operating continuously and efficiently. Hence, their condition has a significant influence on the overall availability of machinery and plant profitability. Bearings are typically replaced with new ones, as they reach the end of operating efficiency. But replacement of large size bearings is not an easy and economically viable process. It involves significant costs and long lead times.
Industries can save valuable resources by opting for bearing refurbishment and recoditioning, thus extending their operating life. It offers significant other benefits such as reducing downtimes, life cycle, and inventory costs. In addition, the process also leads to a substantial reduction in carbon emissions as it uses a lesser quantity of raw materials as compared to the manufacturing of new bearings.
Bearing refurbishment and reconditioning at the Jamshedpur center is managed by a dedicated team of bearing repair experts. The facility follows a six-step procedure as per Schaeffler’s global guidelines and reconditioning standards.