Fort Mill, SC – Schaeffler Group USA Inc, a supplier of industrial and automotive components, plans to expand its existing operations in South Carilina. The $40-million investment is expected to generate 190 new jobs.
“Schaeffler Group USA is proud to continue our long standing partnership with the Town of Cheraw, Chesterfield County and the state of South Carolina. We have a skilled team capable of manufacturing high-quality bearings and engine components for our automotive and industrial customers,” said Bruce Warmbold, president and CEO of Schaeffler Group North America.
Schaeffler Group USA has been manufacturing bearings for more than 40 years in Cheraw and has two plants in Chesterfield County. Both facilities will be expanded to produce bearings and engine components for new automotive applications. The expansions will be completed by 2013 and this is the second major expansion of the Chesterfield facilities in the past two years.
The company has multiple plant locations in South Carolina, including Fort Mill and Spartanburg, employing more than 2,300, and making it one of the largest German-based manufacturers in the state.
The Schaeffler Group with its product brands INA, FAG and LuK, is a global manufacturer of rolling bearings and linear products as well as a supplier of high-precision components and systems for engines, transmissions and chassis applications to the automotive industry. The bearings and engine systems produced at the Cheraw facility are used in automotive and industrial applications.