Schaeffler announced on Monday in Herzogenaurach that by 2032 more than $230 million will be invested there and in the expansion of the plant in nearby Wooster.

Construction of the new location in Dover will begin in the middle of this year and is scheduled to be completed in the fall of 2025. 450 developers are expected to work there until 2032 and a further 200 new jobs will be created at Schaeffler's headquarters in Wooster. The project is funded by the state of Ohio and state-owned JobsOhio, Schaeffler said. The new location is logistically convenient, offers good infrastructure and is very close to customers, suppliers and the Schaeffler headquarters in Wooster, which specializes in the production of drive systems and serves as an innovation center for electromobility. In Dover, among other things, electric axles will be manufactured.

Schaeffler also has production plants in the US states of South Carolina, Missouri and Connecticut. The United States is considered a strategic growth market for the company.

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