Schaeffler to invest over USD85 million to set up a central laboratory in Germany

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The central laboratory is slated to be completed in 2023 and operations are expected to begin in 2024

German automotive component supplier Schaeffler AG plans to invest EUR 80 million (over USD85 million) to set up a state-of-the-art central laboratory at its Herzogenaurach campus in Germany, the company announced on 2 June 2022.

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