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Area Development - Site Selection, Facility Planning and Workforce Development

Germany-Based Schaeffler Plans Dover, Ohio, Production Operations

02/28/2024
Germany-based Schaeffler, a motion technology company and manufacturer of rolling element bearings for automotive, aerospace and industrial uses, plans to establish operations in Dover, Ohio. The more $230 million project is expected to create 450 jobs by 2032.

The company will construct a new 130,000-square-foot manufacturing facility that will produce automotive electric mobility solutions, including electric axles for light and medium-duty vehicles. Completion is scheduled for the third quarter of 2025.

“This is an exciting milestone for Schaeffler, as we look forward to strengthening our presence in Ohio and preparing for the significant transformational growth ahead. Wooster, Ohio, serves as our largest location in the Americas region encompassing a vertically integrated manufacturing facility, training, and product development centers. Similar to Wooster, the City of Dover offers a supportive community and an industrious workforce. The Wooster and the Dover teams will work closely together to strengthen our competitive advantage, as we continue to pioneer motion,” said Marc McGrath, chief executive officer of Schaeffler Americas.

The project is being supported by a 2.228%, 15-year Job Creation Tax Credit, approved by the Ohio Tax Credit Authority. JobsOhio also plans to provide assistance.

“Ohio’s history of automotive excellence and passion for moving the sector forward provides Schaeffler the opportunity to manufacture the world’s latest EV components with elite talent in the heart of the North American market,” noted JobsOhio President and CEO J.P. Nauseef. “Schaeffler’s continued growth in Northeast Ohio demonstrates the company’s confidence in its current skilled workforce and the state’s business-friendly environment.”

Schaeffler Group USA provides components for drivetrains in automotive, aerospace, and industrial applications. Customers include Ford, General Motors, and Stellantis.

“Schaeffler’s investment is a tangible, continuous affirmation of the strengths of the Northeast Ohio Region through their renewed and increased financial commitment here,” added Team NEO Chief Executive Officer Bill Koehler. “We are grateful for Schaeffler’s commitment to the region.”

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