Schaeffler Group, a US automotive and industrial parts manufacturer, announced that it will invest US$40 million in the expansion of its Chesterfield County factory in the United States and plans to hire 190 additional employees.
Schaeffler Group has two plants in Chesterfield County. The expansion plan is expected to be completed in 2013 and Schaeffler will further expand the production capacity of the bearings and engine components of the two plants.
The President of Schaeffler Group North America and CEO Obrub Warmblod said: "We have a highly skilled team that can produce high-quality bearings and engine components to meet the needs of the automotive industry and industrial customers."
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