Germany-Based Schaeffler Group USA Plans $36.5 Million Expansion In Fort Mill, South Carolina
The Fort Mill campus will be expanded to include an additional corporate building, expansion of one of the company’s two manufacturing plants and a reworked plant entrance to accommodate the growth and increase in traffic. With completion of the expansion scheduled for fall 2017, hiring for the new positions is expected to begin in the second quarter of 2017.
“Schaeffler is gratified to invest in the expansion of our manufacturing plants and engineering, sales and administration offices in Fort Mill. Driven by our continued growth in the automotive and industrial markets, this investment marks Schaeffler’s second significant expansion in the Palmetto State within the past two years,” said Schaeffler Americas CEO Bruce Warmbold.
“Our growth has been achieved by supplying state-of-the-art technological innovations that are designed and manufactured by our outstanding employees. We are grateful to Governor Nikki Haley and the State of South Carolina for their enduring support of our operations as we continue our long and mutually rewarding partnership,” he added.
The news comes on the heels of Schaeffler’s prior expansion projects in Spartanburg, Chesterfield and York Counties, reported in January 2015. Headquartered in Germany, Schaeffler is a worldwide manufacturer of high precision components and systems for the automotive industry as well as rolling and plain bearing solutions for 60 industrial sectors. The company’s Americas operations are headquartered in Fort Mill, and are responsible for the engineering, production, sales and marketing of three major brands – LuK, INA and FAG.
As an incentive, the Coordinating Council for Economic Development has approved job development credits related to the project.
“We couldn’t be more excited to celebrate the growth of one of South Carolina’s most successful manufacturing companies. Schaeffler’s decision to continue investing in York County, and to create 105 new jobs there, is a huge win for the local community and our state’s manufacturing industry,” Governor Nikki Haley said.
This new investment further proves that South Carolina has the business climate and logistics capabilities companies are looking for,” Secretary of Commerce Bobby Hitt added.
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