# Schaeffler invests additional $65M in Cheraw, South Carolina plant

Schaeffler celebrated 50 years of its Cheraw, South Carolina operations and is expanding the site to produce FRAX bearing components, with a $65 million investment and completion expected by end of 2020.

- Type: Investment
- Announced: 2019-09-27
- Where: Cheraw, South Carolina, United States
- Value: $65.0M
- Status: under construction
- Products: FRAX bearing components, one-way clutch assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Schaeffler Group USA](https://endata.com/companies/5597.md)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/schaeffler-celebrates-50th-anniversary-of-cheraw-south-carolina-facility-investing-additional-65m-in-the-location/), 2019-09-27: "Schaeffler's existing Cheraw manufacturing operations are currently being expanded to handle production of the FRAX bearing component"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.