SKF To Locate $34.2 Million Manufacturing Center In North St. Louis County, Missouri
10/21/2014
The SKF Lubrication Business Unit, headquartered in St. Louis, is a leader in the design, manufacture and supply of highly engineered automatic lubrication systems, as well as lubrication tools and equipment. The firm plans to create of up to 73 new jobs within six years.
“SKF is leading the way in bringing the latest innovations to market. We are leaders in industrial lubrication, and we see a bright future ahead for our St. Louis operation,” said Robert Law, President of the SKF Lubrication Business Unit. “This is the right move for our employees, and it will help us grow and thrive as a company.”
In 2010, SKF acquired Lincoln Holdings Enterprises Inc. to enhance its products and solutions, expand its business in a number of market segments, and improve geographical coverage. Since then, the SKF Lubrication Business Unit has experienced significant growth and plans to build a 310,986-square-foot, state-of-the-art, energy-efficient manufacturing facility in the St. Louis region. The construction will take place in NorthPark, a joint development located adjacent to Lambert-St. Louis International Airport and the same site of a major Express Scripts expansion earlier this year. Construction is slated to begin this fall and be completed in December, 2015.
To facilitate the project, the state of Missouri is working with SKF to identify applicable economic incentives, which the company can redeem if it meets the strict job creation and investment criteria for each program.
“Today, global manufacturers like SKF can make their products anywhere in the world, so their decision to invest and create jobs in St. Louis County is a tremendous vote of confidence in this region’s workforce and business climate,” Governor Jay Nixon said. “Construction of this new state-of-the-art facility will provide a significant boost to the area’s economy and reinforce Missouri’s position as a hub for advanced manufacturing and engineering jobs.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
First Person: David Robey, Co-CEO of QTS Data Centers
Q2 2025