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FAG opened a new office in Western Australia to support one of the most productive and diversified mineral and petroleum regions in the world.
FAG Australia moved to new premises and as a result of the parent company being taken over by INA Schaeffler AG, the warehouse operation was moved to INA’s premises in Taren Point in Sydney’s South. Moving the warehouse was one of the biggest challenges for the company, this event tested FAG’s employees project management skills.
INA’s employees moved to the FAG premises in Sydney’s North as part of the Schaeffler Group’s strategic Integration plan, at the same time in history, due to the rapid expansion of the Grinding Mill Division and as a result of request for representation on a Global basis, the FAG Grinding Mill Division moved to Balwyn, North of Melbourne and changed it’s name into ASB Grinding Mills Competence Centre soon after the move.
The Schaeffler Group acquired Bearing Engineering Services Pty Ltd (BES), one of Australia’s two leading reconditioning companies for railway wheel set and industrial bearings, with locations in Sydney and Perth.
The Schaeffler Group strengthened its FAG Industrial Services (F’IS) team in Australia through the acquisition of Condition Monitoring Services Australia Pty Ltd (CMSA)).
By the end of the year CMSA market penetration strategies reached New Zealand, operating from existing Schaeffler Group premises.
INA & FAG moved together, both companies started operating under one roof to get the synergy from a complementary product range. The company services a dealer network in all states and territories of Australia and New Zealand.