OKOHAMA, Japan -- Nearly a year after opening a new r&d center in Japan, German transmission and engine-parts supplier Schaeffler Technologies already is aiming to expand its footprint here and double sales to Japanese carmakers by 2025.
The plan targets sales of around 2.6 billion euros ($2.9 billion) to Japanese automakers worldwide in that time frame, said Shinzo Yotsumoto, CEO of its local unit Schaeffler Japan Co.
The company also wants to double the size of its tech center work force in Japan to around 500 people by 2020, Yotsumoto said.
The ramp-up will focus mostly on engineering, project management and testing. The company also is looking to hire more software engineers for electrified drivetrain work.