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German automotive supplier Schaeffler is planning a new plant in Dover in the US state of Ohio, where the company intends to manufacture components and systems for electric vehicles.
Schaeffler announced on Monday from its headquarters in the Bavarian town of Herzogenaurach that more than $230 million would be invested in the Dover plant and in the expansion of the plant in nearby Wooster by 2032.
Construction of the new Dover site will begin in the middle of this year and should be completed in the autumn of 2025, Schaeffler said. By 2032, 450 developers will be working there, and 200 more new jobs will be created at the Schaeffler site in Wooster, it added.
The project is being subsidized by the state of Ohio and the state-owned company JobsOhio, Schaeffler said.
The new location is logistically convenient, offers a good infrastructure and is in close proximity to customers, suppliers and the Schaeffler site in Wooster, which specializes in the production of transmission systems and serves as an innovation centre for electric mobility.
Among other things, electric axles are to be manufactured in Dover, the company said.
Schaeffler also has production sites in the US states of South Carolina, Missouri and Connecticut. The US is considered a strategic growth market for the company.
