Chief Technology Officer Prof. Dr.-Ing. Peter Gutzmer to retire

Supervisory Board farewells long-serving director

• Schaeffler Supervisory Board bids farewell to retiring CTO and Deputy CEO Prof. Dr.-Ing. Peter Gutzmer
  
• Internal appointment of Uwe Wagner to Board of Managing Directors as new Chief Technology Officer
  
• Georg F. W. Schaeffler: “Professor Gutzmer has made a lasting contribution to Schaeffler.”

HERZOGENAURACH, October 1, 2019. At its meeting on October 1, 2019, the Supervisory Board of Schaeffler AG bade farewell to Chief Technology Officer and Deputy CEO Prof. Dr.-Ing. Peter Gutzmer (65), who is retiring after 18 years of service with the company. “Professor Gutzmer is a man of considerable innovative capacity who has made a lasting contribution to our organization. On behalf of the Supervisory Board and the entire Schaeffler family I would like to thank him for his passion, commitment and dedication. We wish him all the very best for the future,” said Family Shareholder and Chairman of the Supervisory Board Georg F. W. Schaeffler.

Klaus Rosenfeld, CEO of Schaeffler AG, added: “During his tenure, Professor Gutzmer has constantly expanded and developed Schaeffler’s technology portfolio, ushering in new mobility concepts, laying the groundwork for the establishment of our electric mobility business and initiating new partnerships. Under his leadership we successfully futureproofed our company-wide IT organization and established a digitalization department. Exercising great foresight and vision, he made a decisive contribution to the Schaeffler Group’s successful alignment with the challenges of the future.” Professor Gutzmer will, for a certain time, continue to support the company in an advisory capacity.

Career with Schaeffler began in 2001

Prof. Dr.-Ing. Peter Gutzmer can look back on a distinguished career. He completed an undergraduate degree in mechanical engineering at the University of Stuttgart before gaining a doctorate in internal combustion engine technology. After six years in research followed by 17 years in various leadership and project management positions at Porsche, Prof. Dr.-Ing. Peter Gutzmer joined Schaeffler in 2001, where he was appointed to the Management Board with responsibility for technical product development.

From 2002 to 2006 he also served as Chairman of the Management Board of LuK, a Schaeffler company based in Bühl that has since been renamed Schaeffler Automotive Buehl GmbH & Co. KG. Following that, from 2006 to 2009, he served as Deputy CEO of Schaeffler’s Automotive division. From 2009 to 2011 he again took on additional responsibilities as Head of the Engine Systems business unit in the Powertrain division of Continental AG. He restructured the unit and initiated various strategic joint projects between Schaeffler and Continental.

In 2011, when Schaeffler changed its legal name to Schaeffler AG, he was appointed Chief Research & Development Officer. In June 2014 Prof. Dr.-Ing Peter Gutzmer was appointed Chief Technology Officer and Deputy CEO of Schaeffler AG.

Uwe Wagner appointed to Board as Chief Technology Officer

At its meeting on October 1, 2019, the Supervisory Board of Schaeffler AG appointed Uwe Wagner (54), currently Head of Research & Development, Automotive OEM and Industrial, as Professor Gutzmer’s successor on the Board of Managing Directors for a term of three years, effective October 1, 2019. Mr. Wagner will serve on the Board as Chief Technology Officer.

“We are delighted that we have been able once again to fill a key position in the Schaeffler Group with a top performer from within our own organization. Uwe Wagner has demonstrated, most recently in his role as Head of Research & Development, how innovation and efficiency can go hand in hand. On behalf of the entire Supervisory Board I would like to wish Mr. Wagner every success in his new and challenging role,” said Georg F. W. Schaeffler, Chairman of the Supervisory Board of Schaeffler AG.

Prof. Dr.-Ing. Peter Gutzmer is departing the company and retiring after 18 years of service.


Uwe Wagner is joining the Board of Managing Directors as Chief Technology Officer, effective October 1, 2019.
Photos: Schaeffler
About SchaefflerThe Schaeffler Group is a leading global supplier to the automotive and industrial sectors. Its portfolio includes high-precision components and systems for engine, transmission and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group is already shaping “Mobility for tomorrow” to a significant degree with innovative and sustainable technologies for electric mobility, digitalization, and Industry 4.0. The technology company generated sales of approximately EUR 14.2 billion in 2018. With around 90,500 employees, Schaeffler is one of the world’s largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies. With more than 2,400 patent applications in 2018, Schaeffler is Germany’s second most innovative company according to the DPMA (German Patent and Trademark Office).

महाराष्ट्र विधानसभा निवडणुका जाहीर झाल्यानंतर 4 कोटी रुपयांचे काळ धन जप्त : आयकर विभाग महासंचालक (तपास)

निवडणुकीदरम्यान काळा पैसा आणि रोख रकमेच्या वापराला आळा घालण्यासाठी आयकर विभागाने उचललेल्या पावलांची महासंचालकांनी दिली माहिती

मुंबई, 1 ऑक्टोबर 2019

राज्यातील सध्या सुरू असलेल्या विधानसभा निवडणुकीदरम्यान काळा पैसा आणि रोख रक्कमेच्या वापरावर आळा घालण्यासाठी आयकर विभाग महासंचालनालय (तपास) अहोरात्र काम करत आहे असे आयकर विभागाचे (तपास) महासंचालक नितीन गुप्ता यांनी आज मुंबईत सांगितले. ते आज मुंबईत पत्रकार परिषदेत बोलत होते. 21 सप्टेंबर 2019 रोजी आचारसंहिता लागू झाल्यापासून आतापर्यंत आयकर विभागाने 4 कोटी रुपयांची बेकायदेशीर रोख रक्कम जप्त केली आहे, अशी माहिती त्यांनी दिली.

आयकर विभागाने उचललेल्या पावलांबद्दल विस्तृत माहिती देतांना ते म्हणाले की, मुंबई विभागाचे प्रधान संचालक आनंद कुमार यांची संपूर्ण महाराष्ट्रासाठी आयकर विभागाचे मुख्य अधिकारी म्हणून नियुक्ती झाली आहे. खुल्या आणि नि:पक्ष निवडणुका व्हाव्या यासाठी आयकर विभाग अनेक कायदा अंमलबजावणी संस्था आणि इतर सरकारी विभागांशी समन्वय साधत असल्याचे त्यांनी सांगितले.

रोख रक्कमेच्या हालचालींबाबत गुप्तचर विभागाने दिलेली माहिती एकत्रित करण्यासाठी तसेच यासंदर्भात त्वरित कारवाई करण्यासाठी एक नियामक प्रणाली कार्यरत करण्यात आल्याची माहिती त्यांनी दिली. मुंबई, पुणे आणि नागपूर येथे 24 तास कार्यरत असणारे नियंत्रण कक्ष स्थापन करण्यात आले असून 40 अतिशीघ्र पथकं कार्यरत असून यामध्ये मुंबईतील सहा पथकांचा तसेच विविध जिल्हे आणि मतदार संघातील पथकांचा समावेश आहे. याशिवाय बेहिशोबी रोख रक्कमेबाबत लक्ष ठेवण्यासाठी राज्यातील कार्यरत असणाऱ्या विमानतळांवर हवाई गुप्तचर विभाग स्थापन करण्यात आले आहेत, अशी माहितीही त्यांनी दिली.

यासंदर्भात एक सर्वंकष जागृती कार्यक्रम सुरू करण्यात आला आहे. वृत्तपत्र तसेच इलेक्ट्रॉनिक माध्यमं, जाहिरात फलक तसेच सोशल मीडियाचा यासाठी वापर करण्यात येत आहे. यामध्ये

• हिंदी, मराठी आणि इंग्रजी भाषांतील वृत्तपत्रांमधील जाहिराती
• महत्वाची ठिकाणं आणि विमानतळांभोवती प्रचारफलक
• एफ.एम. वाहिन्यांवरून नभोवाणी प्रचार
• फेसबुक पेजद्वारे सोशल मीडियावर प्रचार
• बसवरील फलक
• मान्यवरांच्याद्वारे (दृक/श्राव्य) संदेश

आयकर विभागाने टोल फ्री क्रमांक , व्हॉटस् ॲप क्रमांक आणि फॅक्स क्रमांक पुरवले असून याद्वारे नागरिक संशयास्पद हालचालींबाबत आयकर विभागाला माहिती देऊ शकतील, असेही त्यांनी सांगितले.

विभाग	टोल फ्री क्रमांक	व्हॉटस ॲप क्रमांक	फॅक्स क्रमांक
मुंबई	1800221510	9372727823 9372727824	022-22045936
पुणे	18002330700 18002330701	7498977989	020-24268825
नागपूर	1800233785	9403391664	0712-2525844

नागरिक/पोलीस तसेच इतर संस्थांकडून माहिती मिळाल्यानंतर क्यूआरटीच्या माध्यमातून पडताळणी प्रक्रिया केली जाते आणि जर ही माहिती विश्वासार्ह आढळली तर 1961 च्या आयकर कायद्याअंतर्गत योग्य ती कारवाई केली जाते, असे नितीन गुप्ता यांनी सांगितले.

2019 च्या लोकसभा निवडणुकीदरम्यान संपूर्ण महाराष्ट्रातून सुमारे 28 कोटी रुपये जप्त करण्यात आले असून यामध्ये मुंबईतील 16 कोटी रुपयांचा समावेश असल्याचे त्यांनी प्रसारमाध्यमांनी विचारलेल्या एका प्रश्नाच्या उत्तरात स्पष्ट केले.

Residential Sales Modest, Office Segment Shows Strong Absorption

Housing sales increased by 14% in the first nine months but is yet to reach pre-demonetisation levels; Office segment witnessed robust 40% growth in net absorption during t he same period at 33 mn sq ft

·         Launches decreased by 9% in the first three quarters of 2019 as compared to the corresponding period in the previous year

·         Mumbai, Delhi-NCR and Bengaluru accounted for almost 60% of the total housing sales

·         Share of affordable & mid-income housing more than 50%, highest in Pune

·         Hyderabad topped in office net absorption, Bengaluru and Delhi NCR followed

Mumbai, 01 October 2019: After witnessing a revival of sorts in 2018 housing sales have witnessed a growth of 14% in the first nine months (January-September) of 2019 as compared to the corresponding period in 2018, according to India Real Estate Market Update Q3 2019, released by JLL today. The office segment witnessed strong leasing, registering a jump of 40% during the same period as compared to the corresponding period in the previous year, the report added.

However, housing sales during the period couldn’t touch the levels seen in the pre-demonetisation era, when nearly ~120,000 units we re sold across the top seven markets, the report added. Compared to this, the top seven markets during the January-September period of this year witnessed a sale of ~115,000 units, it said. Mumbai, Bengaluru and Delhi NCR continued to account for 60% of the total sales during the period.

During the July-September quarter of 2019 (Q3), sales momentum remained the same as compared to the corresponding period of 2018. Existing unsold inventory has come down as a result of a steady momentum in sales and drop in launches across the top seven markets.

The third quarter of 2019 saw a moderate decline in new launches of 4% on a Y-o-Y basis. Except for Mumbai and Delhi NCR, all the other cities witnessed a dip in new launches in Q3 2019. Mumbai and Bengaluru continued to dominate new launches and formed more than 60% the overall launches during the quarter. 

Residential sector inching towards revival

	YTD 2016	YTD 2017	YTD 2018	YTD 2019	YTD Y-o-Y Growth – 2019	Q3 2018	Q3 2019	Q3 Y-o-Y Growth
Launches	105,566	69,441	1 21,426	110,593	-9%	39,133	37,544	-4%
Sales	119,672	72,285	101,283	115,073	14%	37,324	36,826	-1%
Unsold Inventory	433,881	422,556	446,117	444,673	-0.3%	446,117	444,673	-0.2%

Source: Real Estate Intelligence Service (JLL), (Figures in number of units)

Note: Top 7 cities include Delhi NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata; YTD – January to September 2019

“The revival seen in housing sales in 2018 has been maintained during 2019 as well. Developers have been focusing on the timely delivery of already launched projects and have been trying to clear their unsold inventory. Since the beginning of the year, several measures including a cumulative 110 bps rate cut have been announced to help the sector revive and grow. While banks are yet to fully transmit the rate cuts by a corresponding reduction in lending rates, this has strengthened consumer sentiment. We hope that developers will be able to register good sales during the festive season,” said Ramesh Nair, CEO & Country Head, JLL India.

The report added developers have continued to concentrate on the mid and affordable segments . However, new launches in these segments came down in most of the cities, mainly attributable to the already existing substantial number of under construction units in these segments.

“Going forward, a surge in sales will primarily hinge on improved consumer confidence and rising affordability, which in turn depends upon the effective and uniform implementation of progressive government policies and regulations such as RERA across all the states. It is expected that residential sales will improve going forward with lowering of bank lending rates. For now, buyers will continue to be inclined towards ‘nearing completion’ and ‘ready to move in’ properties in the backdrop of challenges on timely deliveries of projects,�€9 D said Siva Krishnan, MD - Residential Services, Developer Solutions and Strategic Consulting.

A glimpse of office market

	YTD 2018 (mn sq ft)	YTD 2019 (mn sq ft)	Y-o-Y Gro wth	Q3 2018 (mn sq ft)	Q3 2019 (mn sq ft)	Y-o-Y Growth
Net Absorption	23.4	32.7	40%	&nbs p;         5.3	10.9	105%
New Completions	25.5	36.2	42%	6.2	11.9	92%
Vacancy	13.7%	13.2%		13.7%	13.2%

Source:  Real Estate Intelligence Service (JLL)

Note: Top 7 cities include Delhi NCR, Mumbai, Bengaluru, Chenn ai, Hyderabad, Pune and Kolkata; YTD – January to September 2019                                                                    

The third quarter has only strengthened the growth narrative set out at the beginning of this year. Nearly 11 mn sq ft of Grade A office space was absorbed during the third quarter (July-September), increasing the overall countrywide net absorption by 40% to about 33 mn sq ft in the first n ine months of the year. To put things into perspective, 2017 and 2018 witnessed net absorption of 28.7 mn sq ft and 33.2 mn sq ft respectively in the entire year. With the current pace, the net absorption is likely to surpass the historical benchmarks well beyond 40 mn sq ft by the end of the year.

The country also witnessed stronger new completion during January to September 2019 period. Registering a growth of 42%, y-o-y, 36 mn sq ft of new office space was added to the stock. More significantly, the new completions in the first nine months of the current year have already surpassed the levels witnessed in the last three years.

“Country’s regulatory scenario relating to REIT has also come a long way and is now a piece of established machinery for investors and occupies. As result, office segment offers big incentives for investors and occupiers in terms of returns and savings, respectively. The market is now headed for tremendous growth. The year 2019 is expected to set new benchmarks in terms of new completions,” added Nair.

Among all prime markets in the country, Hyderabad topped the chart in net absorption and new completions, registering a 36% and 44% market share, respectively , on the two parameters during the July-September quarter. Bengaluru and Delhi-NCR market followed Hyderabad in net absorption and new completions. At the same time, quality commercial supply continued to be constrained within Mumbai.

“The office market across the top seven cities in India has performed really well in 2019. From the launch of the country’s first real estate investment trust (REIT) to a historic high in office space leasing, this year has been remarkable by all standards. Investors, domestic and foreign alike have been chasing investment ready commercial assets and development opportunities in top cities. The demand in the office market is expe cted to grow at a similar momentum for the next few years,” said Samantak Das, Chief Economist and Head of Research & REIS, JLL India.

The report added, co-working operators have put in sustained efforts in expanding their footprint. While the pace of leasing in co-working segment remained muted during Q3 2019, space taken up by operators increased to 13% of the overall leasing during January to September 2019 as compared to 10% seen during the corresponding period the last year, it said.

Four crore rupees worth of black money seized since declaration of Maharashtra Assembly Elections: DGIT (Investigation)

DG of Income Tax (Investigation) briefs the media on steps taken by the Income Tax Department to curb use of black money and cash in elections 

The Directorate General of Income Tax (Investigation) is working 24*7 to curb the use of black money and cash inducement in the ongoing Assembly Elections in the state, said Director General of Income Tax (Investigation), Shri Nitin Gupta in Mumbai today. Addressing a press conference in Mumbai today, the Director General said that illegal cash worth 4 crore rupees approx. has been seized by the Department, since the declaration of Model Code of Conduct by the Election Commission of India, on September 21, 2019.

Elaborating on the steps taken by the Department, the DG informed the media that Principal Director of Income Tax-1, (Investigation Wing), Mumbai Shri. Anand Kumar has been designated as the Nodal Officer for Income Tax Department for the whole of Maharashtra. He said that the Department is working in close coordination with several law enforcement agencies and other government departments, in order to contribute to the conduct of free, fair and smooth elections.

The DG informed that on the regulatory front, a system has been put in place to gather intelligence inputs regarding movement of cash and valuables and to take immediate action in this regard. 24*7 control rooms are operational at Mumbai, Pune & Nagpur and 40 Quick Response Teams – including six in Mumbai, have been set up at various districts / constituencies across the state. Apart from this, Air Intelligence Units (AIUs) at all the functional airports/airstrips have been set up, in order to monitor and check the flow of unaccounted cash and valuables.

Shri Gupta said that a comprehensive sensitization and awareness programme has been launched and that various media platforms such as print and electronic media, outdoor media and social media are being used. These include:

• Newspaper advertisements in Hindi, Marathi and English language papers
• Promotional standees placed at prominent locations and around airports
• Radio promotions on FM channels
• Social media promotion through Facebook page
• Bus wrappers
• Messages (audio/video) through celebrities

He added that the department has also provided toll free numbers, WhatsApp numbers and fax numbers, using which citizens can inform the Department of suspicious activities.

Region	Toll Free Number	WhatsApp Number	Fax Number
Mumbai	1800221510	9372727823 9372727824	022-22045936
Pune	18002330700 18002330701	7498977989	020-24268825
Nagpur	1800233785	9403391664	0712-2525844

The DG informed that upon receiving information from public / police /other agencies, Verification process is initiated through QRT’s and that if the information is found credible, requisite action is taken as per IT Act, 1961.

Responding to a media query, the DG informed that illegal cash worth approximately 28 crore rupees was seized in whole of Maharashtra during the Lok Sabha Elections 2019, out of which around Rs.16 crores was from Mumbai.

Polymaker in partnership with Covestro launches Versatile materials for 3D printing

Mumbai, October 1, 2019, Polymaker, a market leader in advanced 3D printing products, announced the launch of three new polycarbonate-based 3D printing materials each with unique properties commonly used in various industries. Polymaker has partnered with Covestro to bring these new materials to market, thus enabling the access to materials well known to industry professionals and optimised for 3D printing.

The three new materials consist of:

· Polymaker™ PC-ABS – a blend of already commonly used 3D printing materials, polycarbonate and ABS. The advantages of this blend are high impact and heat resistancy and easy processing. The polycarbonate boosts the heat resistance and toughness of the material while the ABS contributes to the good processing properties. This PC-ABS is also specia lized for surface finishings, i.e. by electroplating and metallization, providing a good approach for post processing.

Polymaker™ PC-ABS uses Covestro’s Bayblend family as its base material which is a commonly used plastic in the automotive and information technology industry today. Polymaker™ PC-PBT – this polymer blend combines the good chemical resistance of PBT with the strength and toughness of polycarbonate. Polymaker™ PC-PBT performs very well under extreme circumstances whether in contact with hydrocarbon based chemicals or operating at subzero temperatures. The product maintains good toughness and its natural ductile fracture behavior at low temperatures.

· Polymaker™ PC-PBT is created from Covestro’s Makroblend family which is widel y used in various industries. Compared to PC resins and PC-ABS compounds, PC-PBT has better resistance to chemicals, which enables printed applications where resistance to intermittent contact with fuels, oils, lubricants, cleaners is necessary.

· PolyMax™ PC-FR, a creation from Covestro’s Makrolon family, where the FR stands for flame retardant – the main feature of this polycarbonate based compound. This base material achieves V0 performance in the UL94 flame retardancy test and benefits applications where respective material approval is required. This allows PolyMax™ PC-FR to be applied for battery housings, motor mounts in aerospace and other industries. Within the automotive and electrical and electronics industry, many professional s are well accustomed with such FR materials.

Polymaker have introduced their nano reinforcement technology that is featured in all PolyMax™ materials. This boosts the fracture toughness of the FR material and produces a flame-retardant filament that can still perform in demanding applications. PolyMax™ PC-FR uses Covestro’s Makrolon showing a good balance between mechanical performance and safety, which has already been applied in electronic motorbikes, aerospace spare parts, and automotive production.

About Covestro:

With 2018 sales of EUR 14.6 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the ma nufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

About Polymaker:

Polymaker is a company that produces advanced 3D printing materials specifically engineered for a wide range of applications across many industries. At the heart of Polymaker is a large research and development laboratory which drives the company forward through constant innovation and testing. All Polymaker materials are formulated and optimized for 3D printing while maintaining the unique properties inherent to the respective base polymer.

Four crore rupees worth of black money seized since declaration of Maharashtra Assembly Elections: DGIT (Investigation)

DG of Income Tax (Investigation) briefs the media on steps taken by the Income Tax Department to curb use of black money and cash in elections

The Directorate General of Income Tax (Investigation) is working 24*7 to curb the use of black money and cash inducement in the ongoing Assembly Elections in the state, said Director General of Income Tax (Investigation), Shri Nitin Gupta in Mumbai today. Addressing a press conference in Mumbai today, the Director General said that illegal cash worth 4 crore rupees approx. has been seized by the Department, since the declaration of Model Code of Conduct by the Election Commission of India, on September 21, 2019.

Elaborating on the steps taken by the Department, the DG informed the media that Principal Director of Income Tax-1, (Investigation Wing), Mumbai Shri. Anand Kumar has been designated as the Nodal Officer for Income Tax Department for the whole of Maharashtra. He said that the Department is working in close coordination with several law enforcement agencies and other government departments, in order to contribute to the conduct of free, fair and smooth elections.

The DG informed that on the regulatory front, a system has been put in place to gather intelligence inputs regarding movement of cash and valuables and to take immediate action in this regard. 24*7 control rooms are operational at Mumbai, Pune & Nagpur and 40 Quick Response Teams – including six in Mumbai, have been set up at various districts / constituencies across the state. Apart from this, Air Intelligence Units (AIUs) at all the functional airports/airstrips have been set up, in order to monitor and check the flow of unaccounted cash and valuables.

Shri Gupta said that a comprehensive sensitization and awareness programme has been launched and that various media platforms such as print and electronic media, outdoor media and social media are being used. These include:

• Newspaper advertisements in Hindi, Marathi and English language papers
• Promotional standees placed at prominent locations and around airports
• Radio promotions on FM channels
• Social media promotion through Facebook page
• Bus wrappers
• Messages (audio/video) through celebrities

He added that the department has also provided toll free numbers, WhatsApp numbers and fax numbers, using which citizens can inform the Department of suspicious activities.

Region	Toll Free Number	WhatsApp Number	Fax Number
Mumbai	1800221510	9372727823 9372727824	022-22045936
Pune	18002330700 18002330701	7498977989	020-24268825
Nagpur	1800233785	9403391664	0712-2525844

The DG informed that upon receiving information from public / police /other agencies, Verification process is initiated through QRT’s and that if the information is found credible, requisite action is taken as per IT Act, 1961.

Responding to a media query, the DG informed that illegal cash worth approximately 28 crore rupees was seized in whole of Maharashtra during the Lok Sabha Elections 2019, out of which around Rs.16 crores was from Mumbai.