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Manufacturing plant announces expansion in Chesterfield Co.

Published: Sep. 21, 2010 at 2:47 PM EDT|Updated: Sep. 23, 2010 at 12:06 PM EDT
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Chesterfield County, SC - CHERAW, SC (WMBF) - A $26 million investment in Chesterfield County has allowed one company to introduce new technology will help increase performance and fuel efficiency in vehicle engine models.

Schaeffler Group USA announced Tuesday the investment at its Cheraw facility will lead to the addition of 70 new jobs.

"Schaeffler has been an important part of South Carolina's business community for a number of years and their decision to expand in Cheraw is a strong indication that our state has the resources to help businesses compete," South Carolina Secretary of Commerce Joe Taylor said. "South Carolina's skilled workforce, strong market access and exceptionally business-friendly climate are the winning combination working to help our state attract new jobs and investment."

Three facilities operated by the Schaeffler Group are located in Cheraw, two of which manufacture bearings and components for bearings and motor elements. A third plant manufactures roller bearings, engine components, rocker arms, tripod rollers and roller assemblies for the automotive industry.

With 65,000 employees worldwide, the Schaeffler Group is one of the largest German and European industrial companies in family ownership.

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