Schaeffler, a motion technology company, announced plans to expand its footprint in the U.S. by building a new manufacturing facility in Dover, OH.
Schaeffler plans to invest more than $230 million in the greenfield manufacturing site, poised to become a hub for producing advanced electric mobility solutions.
"Our new plant will play a pivotal role in shaping our future in the Americas region," said Marc McGrath, CEO of Schaeffler Americas. "Dedicated to advancing our innovative product offering, our new Dover, OH, 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."
Set to kick off construction in mid-2024 with a completion target in the third quarter of 2025, the facility will initially span approximately 130,000 square feet. It will focus on manufacturing electric axles for light and medium-duty vehicles, integrating state-of-the-art technology and equipment designed and produced by Schaeffler.
The new plant is strategically located to work with Schaeffler's existing operations in Wooster, OH, and to facilitate close collaboration with automotive OEMs and suppliers. It is expected to generate around 450 new job opportunities by 2032.
Schaeffler aims to align the plant's operations with its goal of achieving climate neutrality 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.
