Schaeffler Celebrates Anniversary and Capital Investments in Ohio
For 40 years, Schaeffler Group USA Inc. – a global automotive and industrial supplier – has invested in the United States, with a significant portion of those investments taking place in Wooster, Ohio. Schaeffler commemorated the facility’s 40th anniversary with a grand opening celebration and unveiling of the company’s latest capital investment.
“Schaeffler’s $60 million capital investment in its Wooster facility advances our automotive business and strongly secures our position as the community’s largest employer,” said Marc McGrath, president, Automotive Americas, Schaeffler. “From 2007 to 2016, our automotive business has outpaced market growth by nearly double and we have expanded our manufacturing capacity in Wooster to keep pace with growth in our automotive transmission business. This latest investment, which builds upon our recent $36.5 million expansion of our Fort Mill, S.C. facility, prepares us for the production of future transmission technologies and further optimizes the facility’s vertical integration.”
“Schaeffler’s growth in Wooster from a small team to a manufacturing campus recognized worldwide has engineered the template for international business development,” Lt. Governor Mary Taylor said, adding: “Schaeffler operates at the highest quality whether in product, people, or community leadership. We are delighted to call them Buckeyes.”
Developing Tomorrow’s Technologies, Today
Throughout the company’s 40-year history in Ohio, Schaeffler has expanded the Wooster campus 20 times, growing from 27,000 square feet to over 800,000 square feet. What began as a team of six employees assembling manual clutches has evolved into nearly 2,000 highly skilled employees. Today, the Wooster facility serves as the global center of competency for Schaeffler’s torque converter product line, and is the leading facility for the development and production of Schaeffler’s E-Mobility solutions in the United States.
“The expansion has allowed us to streamline our current operations and has prepared us for our future development and production of tomorrow's mobility solutions,” said McGrath. “It is a testament to the success of the team in Wooster and positions them to carry forward the tradition of delivering the best solutions for today's vehicles, while also leading the way in future electrification.”