# Schneider Electric invests $40M to modernize U.S. manufacturing plants

Schneider Electric announced a $40 million investment to modernize its U.S. manufacturing plants in Iowa, Kentucky, Nebraska, and Texas. The investment will increase manufacturing capacity and create over 130 new jobs in 2020 and 2021.

- Type: Investment
- Announced: 2020-11-10
- Where: Iowa, Kentucky, Nebraska, Texas, United States
- Value: $40.0M
- Jobs: 130
- Status: announced
- Products: energy management equipment, automation products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md)
- [Schneider Electric](https://endata.com/companies/2048.md) (investor)
- [Planon Beheer](https://endata.com/companies/51963.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/schneider-electric-invests-40-million-to-strengthen-us-supply-chain-301170025.html), 2020-11-10: "Schneider Electric today announced an additional $40 million investment towards modernizing its U.S manufacturing plants in Iowa, Kentucky, Nebraska, and Texas."
- [prnewswire.com](https://www.prnewswire.com/news-releases/schneider-electric-completes-its-investment-in-planon-beheer-bv-planon-to-digitally-transform-buildings-into-the-healthy-and-sustainable-workplaces-of-the-future-301194815.html), 2020-12-17: "Schneider Electric and Planon will jointly collaborate on innovation to deliver a suite of software and services to digitize the building lifecycle for both existing and new buildings."

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