Schaeffler To Boost Electric Mobility Production With $230M Ohio Facility

Mobility Outlook Bureau
27 Feb 2024
12:31 PM
1 Min Read

The investment is expected to create 650 jobs by 2032, encompassing a wide range of roles from manufacturing operators to engineers and quality professionals.

Schaeffler $230M Ohio Facility mobility outlook

Schaeffler has unveiled plans to significantly expand its presence in the United States with the establishment of a new state-of-the-art manufacturing facility in Dover, Ohio. This strategic move, involving an investment of over $230 million, is set to bolster the company's commitment to electric mobility solutions and sustainable manufacturing practices, while also promising substantial job creation and economic growth in Ohio.

Scheduled for completion in the third quarter of 2025, the new facility will initially encompass approximately 130,000 square feet dedicated to the production of electric axles for light and medium-duty vehicles, a critical component in the burgeoning electric vehicle (EV) market. This development is part of Schaeffler's broader ambition to tap into the growth potential in the Americas and reflects the company's ongoing efforts to align with global trends towards electrification and sustainability.

Marc McGrath, Chief Executive Officer of Schaeffler Americas, highlighted the importance of the new facility, stating, 'Our new plant in Dover, Ohio, will play a pivotal role in shaping our future in the Americas region. It will enable us to advance our innovative product offering and adopt sustainable practices, underscoring our commitment to pioneering motion and environmental responsibility.'

This workforce expansion will not only benefit Schaeffler's new facility but also contribute to the growth of its existing operations in Wooster, Ohio, which specialises in transmission systems and serves as an innovation hub for automotive electric mobility.

Schaeffler's commitment to Ohio and the broader American market is further demonstrated by its active exploration of benefits under the U.S. Inflation Reduction Act, aimed at enhancing the domestic EV supply chain and local workforce skills. This approach is consistent with the company's strategy to support clients in achieving emission reduction targets and to capitalise on its technological leadership in hybrid and fuel-efficient technologies.

Beyond the immediate economic and employment benefits, Schaeffler's investment is set to strengthen its position as a key player in the electric mobility sector and as a responsible corporate citizen committed to sustainable and efficient manufacturing practices. The company's efforts to foster innovation and expertise through partnerships with local technical colleges will also ensure a robust talent pipeline for the future of electric mobility.

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