Schaeffler has announced plans to build a new manufacturing facility in Dover, Ohio. The company, which specializes in motion technology, will create 650 new jobs for the surrounding area. The new facility will be used to manufacture electric beam axles and electric drivetrain systems to support the hybrid/EV industry. Schaeffler currently has one manufacturing plant in Wooster and an automotive aftermarket operation in Strongsville. Construction on the new facility will begin in 2024, with operations starting in 2025. To support the project, the Ohio Tax Credit Authority approved a 2.228%, 15-year Job Creation Tax Credit for the company.
In a recent quote, Marc McGrath, chief executive officer of Schaeffler Americas, said, “This is an exciting milestone for Schaeffler, as we look forward to strengthening our presence in Ohio and preparing for the significant transformational growth ahead. Wooster, Ohio, serves as our largest location in the Americas region encompassing a vertically integrated manufacturing facility, training, and product development centers. Similar to Wooster, the City of Dover offers a supportive community and an industrious workforce. The Wooster and the Dover teams will work closely together to strengthen our competitive advantage, as we continue to pioneer motion.”
Investing in American Manufacturing - 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.