DAILY NEWS Dec 19, 2012 6:33 AM - 1 comment

Schaeffler Group expanding US operations to manufacture bearings

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2012-12-19

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.



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David Diamond

What good news for Cheraw and well done to Gov. Nikki Haley who's trip to the Paris Air Show and a meeting in Germany with Schaeffler's Maria-Elisabeth Schaeffler has so far yielded 440 jobs and $78 million in investment for the area. I see that Schaeffler also train young people for the future, it's a shame that more companies don't realise the importance of this as here lies the companies future. I'm also relieved to see that Schaeffler are continuing to maintain a strong presence in Europe as this helps to give confidence for an EU recovery. Although Schaeffler employ more than 74,000 people worldwide, they employ more than 29,000 in Germany and another 22,000 in the rest of Europe excluding Germany and that includes a much needed 315 jobs in the UK where I am from. I wonder - does anyone know about any further expansion plans for Schaeffler within the US ?

Posted December 20, 2012 08:12 AM


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