German automotive and aerospace manufacturer Schaeffler Group North America announced plans to invest $163.8 million and add 440 jobs in total to its three South Carolina operations. The company will be adding new equipment to its Spartanburg operations and expanding its facilities in Chesterfield and York counties.
Headquartered in Herzogenaurach, Germany, Schaeffler employs 80,000 people in 49 countries. The group’s North American arm, Schaeffler Group USA, is headquartered in Fort Mill, S.C., and manufactures precision products for machines, equipment and vehicles in the aviation and aerospace industries.
The Chesterfield and York county projects have been approved for job development credits by The Coordinating Council for Economic Development. Schaeffler Group USA could not be reached for comment.
“Schaeffler has been a cornerstone of our manufacturing foundation in Spartanburg for many years so we are thrilled to see them make this investment in new technology and equipment,” said Spartanburg County Economic Futures Group Board Chairman Russ Weber in a news release. “We would like to thank them for this investment in our community and we look forward to supporting their continued growth.”
The company currently operates two plants in York County, three plants in Chesterfield County and one plant in Spartanburg. The company also has North American operations in Mexico, Canada, Missouri, Michigan and Ohio, according to the company website.
Hiring for the new positions is expected to take place this year.
