Schaeffler invests $36.5 Million in York County and creates 105 additional jobs for the Palmetto State

FORT MILL, S.C., June 1, 2017 /PRNewswire/ -- Schaeffler Group USA Inc., a global manufacturer of precision components for the industrial and automotive sectors whose South Carolina roots stretch back to the 1960s, today celebrated the grand opening of its expanded manufacturing plant and new administrative building in Fort Mill, S.C. The project resulted in the creation of over 100 South Carolina jobs. For almost 50 years, Schaeffler has demonstrated its strong commitment to the Palmetto State through dramatic investments and expansion projects totaling over $1 billion and counting.

The grand opening celebration featured over 100 invited guests and dignitaries, including The Honorable Henry McMaster, Governor of South Carolina; H.E. Dr. Peter Wittig, Germany's Ambassador to the United States; the owners of the Schaeffler Group, Mrs. Maria-Elisabeth Schaeffler-Thumann and Mr. Georg F. W. Schaeffler, as well as Mr. Klaus Rosenfeld, CEO of Schaeffler AG.

"Schaeffler is excited to celebrate another milestone in our five-decade partnership with the State of South Carolina," said Schaeffler America CEO Bruce Warmbold. "The increased production capacity in our Fort Mill 1 plant enables our company to offer more job opportunities for residents of the Palmetto State as well as more high-tech solutions to our automotive and industrial customers. Schaeffler is grateful to Governor Henry McMaster and the State of South Carolina for their continuing support of Schaeffler's operations as we work to help shape Mobility for tomorrow."

"South Carolina's manufacturing industry is one of the fastest growing in the world, and we have fantastic companies like Schaeffer to thank for that," said Governor McMaster. "Each time a company like this one commits to our state and invests in our people, it shows that our State is a great place to be doing business. Today's celebration is just one of many that we know the partnership between Schaeffer and South Carolina will produce in the years to come."

Schaeffler Group USA Inc.'s latest $36.5 million capital investment, which generated approximately 105 additional jobs, resulted in the construction of a new administrative office building, the expansion of one of two factories located on the company's Fort Mill campus, and a reworked plant entrance to accommodate the growth and increase in traffic.

The factory expansion, which creates almost 35,000 sq. ft. of additional manufacturing space in the company's Fort Mill 1 Plant, increases capacity in stamping, heat treatment and assembly for thrust bearings used in 8-, 9- and 10--speed automatic transmissions. Meanwhile, the brand-new administrative building encompasses over 64,000 sq. ft. of office space, including state-of-the-art workstations, a multimedia conference center for regional meetings, and a full-service employee cafeteria.

The York County expansion is part of a $164 million capital investment in Schaeffler's South Carolina operations – which include facilities in Spartanburg County and Chesterfield County – that was announced back in January 2015. Collectively, the investments are expected to create more than 440 new jobs in the Palmetto State.

Headquartered in Herzogenaurach, 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. With approximately 86,600 employees in 50 countries around the world, the firm truly possesses a global footprint. Schaeffler's Americas operations, headquartered in Fort Mill, are responsible for the engineering, production, sales and marketing of three major product brands – LuK, INA and FAG. 

In the U.S. alone, Schaeffler employs approximately 6,000 people at eight factories and three technology centers spread throughout South Carolina, Ohio, Missouri, Michigan and Connecticut. The company's award-winning apprenticeship programs, which it has offered in the U.S. for over 35 years, were highlighted in a White House roundtable discussion on vocational training programs and continuing education in the United States with President Donald Trump and German Chancellor Angela Merkel.

To learn more about job opportunities and apprenticeship programs with Schaeffler, visit the company's careers page online. For more information on Schaeffler Group USA Inc., please visit www.schaeffler.us.

About Schaeffler
The Schaeffler Group is a global automotive and industrial supplier. Premium quality, outstanding technology, and exceptionally innovative spirit form the basis for the continued success of the company. By delivering high-precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for a large number of industrial applications, the Schaeffler Group is already shaping "Mobility for tomorrow" to a significant degree. The technology company generated sales of approximately EUR 13.3 billion in 2016. With around 86,600 employees, Schaeffler is one of the world's largest family companies and, with approximately 170 locations in over 50 countries, has a worldwide network of manufacturing locations, research and development facilities, and sales companies.

SOURCE Schaeffler

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http://www.schaeffler.us