Schaeffler, a global motion technology company, has recently announced a significant expansion of its operations in the United States, particularly in Ohio. The company has unveiled plans for a new manufacturing facility in Dover, Ohio, focusing on the production of automotive electric mobility solutions. This strategic move underscores Schaeffler’s commitment to innovation and growth in the Americas region.
The investment in the new greenfield manufacturing facility amounts to over $230 million, emphasizing the company’s dedication to advancing electric mobility solutions. This investment also includes future expansions in the state until 2032. In collaboration with the state of Ohio and JobsOhio, Schaeffler will receive incentives through grants and tax credits, further bolstering its commitment to creating jobs and economic growth in the region.
Construction of the new facility is slated to commence in mid-2024, with an estimated completion in the third quarter of 2025. The initial phase of the facility will encompass approximately 130,000 square feet of advanced manufacturing space, focusing on the production of electric axles for light and medium-duty vehicles.
Marc McGrath, CEO of Schaeffler Americas, expressed enthusiasm for the company’s future in the region, emphasizing the pivotal role of the new facility in shaping Schaeffler’s trajectory. McGrath highlighted the facility’s state-of-the-art production processes, aimed at better serving customers and advancing innovation in motion technology while adopting sustainable practices.
The new manufacturing facility will introduce products featuring cutting-edge technology, including electric axles, showcasing Schaeffler’s commitment to delivering sustainable and efficient solutions for the evolving electric vehicle market. Sustainability remains a core focus for Schaeffler, with the facility incorporating eco-friendly practices aligned with the company’s goal of achieving climate neutrality by 2040.
Moreover, the strategic location of the new facility in Dover offers proximity to key stakeholders, including automotive OEMs and strategic suppliers, enhancing operational efficiency and collaboration. The facility’s expansion is expected to create approximately 450 job opportunities by 2032, encompassing various roles from manufacturing operators to engineering professionals.
Schaeffler’s expansion in Ohio underscores its ambitious growth plans in the Americas region. With existing manufacturing locations across the United States and significant investments in the region over the past decade, the U.S. market represents a strategic growth opportunity for the company.
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In conclusion, Schaeffler’s investment in the new manufacturing facility in Ohio reflects its commitment to innovation, sustainability, and economic development in the Americas. The facility’s focus on electric mobility solutions aligns with broader industry trends towards electrification, positioning Schaeffler as a leader in shaping the future of motion technology.