Schaeffler is expanding operations in the US with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions. This announcement represents the company’s commitment to innovation and growth in the Americas region.

Schaeffler is investing more than US$230 million 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. Once complete, the first phase of the facility will feature roughly 130,000 square feet of advanced manufacturing space. Products manufactured at this site will include electric axles for light- and medium-duty vehicles.

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 US manufacturing locations in Ohio, South Carolina, Missouri, and Connecticut and has made sizeable investments in the region over the past decade. The US represents a strategic growth market for the global manufacturer.

Schaeffler is reviewing if this new facility is a potential candidate for benefits provided under the US Inflation Reduction Act with the goal of further improving the domestic electric vehicle supply chain and local workforce skill sets.