Schaeffler invests 230 million USD in new automotive manufacturing facility
Petre Barac
Posted On February 27, 2024
Global technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. Schaeffler is investing over 230 million USD in building the new greenfield manufacturing facility, strategically located in Dover, Ohio, as well as future expansions in the state until 2032.
As part of an agreement with the State of Ohio and JobsOhio, the company will receive incentives via grants and tax credits for these investments that will create 650 jobs in the state. These jobs will lead to growth at the company’s current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
Construction of the new facility will begin in mid-2024 with an estimated completion in the third quarter of 2025. Products manufactured at this site will include electric axles for light and medium-duty vehicles.
“Our new plant will play a pivotal role in shaping our future in the Americas region,” said Marc McGrath, Chief Executive Officer of Schaeffler Americas. “Dedicated to advancing our innovative product offering, our new Dover, Ohio facility will feature state-of-the-art production processes so we can better serve our customers, while also adopting sustainable practices, as we continue to pioneer motion,” continued McGrath.
The new facility will produce products with cutting-edge technology, featuring Schaeffler-designed and manufactured tools and equipment.
The new facility will incorporate eco-friendly practices, aligning with the company’s commitment to environmental responsibility and to be climate neutral by 2040.
Schaeffler has 15 plants in the Americas region and five Research and Development locations, with U.S. manufacturing locations in Ohio, South Carolina, Missouri, and Connecticut and has made sizeable investments in the region over the past decade. The U.S. represents a strategic growth market for the global manufacturer.
