Schaeffler Announces New Automotive Manufacturing Facility

URLhttps://www.eqs-news.com/news/corporate/schaeffler
SourceEQS News
Date Published02/26/2024

Additional Reshoring Information:

Company/Division name Schaeffler Group USA
Parent companySchaeffler Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):650
Year reshoring announced:2004
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):230
Country(ies) from which reshored:Germany
City reshored to:Dover
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredHigh-End EV Parts
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Better Control of Process/Delivery/Factory, Customization/Flexibility, Eco-system synergies, Higher productivity, Image/brand, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D)
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