Dover, Ohio — According to state and local development sources, Schaeffler plans to invest $230,000,000.00 to build out 130,000 square feet of new space in Dover. The company is creating 450 new jobs at this facility. The company plans to occupy the new space in Dover, on or about September 1, 2025. According to the company website The Schaeffler Group has been driving forward groundbreaking inventions and developments in the field of motion technology for over 75 years. With innovative technologies, products, and services for electric mobility, CO-efficient drives, chassis solutions, Industry 4.0, digitalization, and renewable energies, the company is a reliable partner for making motion more efficient, intelligent, and sustainable over the entire life cycle. The motion technology company manufactures high-precision components and systems for drive train and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of EUR 15.8 billion in 2022. With around 84,000 employees, the Schaeffler Group is one of the worlds largest family-owned companies. With more than 1,250 patent applications in 2022, Schaeffler is Germanys fourth most innovative company according to the DPMA (German Patent and Trademark Office).

To learn more about Schaeffler, visit http://www.schaeffler.com/

Company Contact:
Marc McGrath, Chief Executive Officer
marc.mcgrath@schaeffler.com
417-781-3600

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