# Schneider Electric to invest $140M in US manufacturing in 2024

Schneider Electric announced plans to invest $140 million in its U.S. manufacturing operations in 2024, creating about 750 new jobs. $85 million is earmarked for a new plant in Mt. Juliet, Tennessee and upgrades in Smyrna, Tennessee, producing custom electrical switchgear and medium voltage power distribution products.

- Type: Investment
- Announced: 2024-03-14
- Where: Mt. Juliet and Smyrna, Tennessee, United States
- Value: $140.0M
- Jobs: 750
- Starts operating: Q3 2024
- Status: announced
- Products: custom electrical switchgear, medium voltage power distribution products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/schneider-electric-to-invest-140-million-in-2024-to-expand-us-manufacturing-presence-to-support-critical-infrastructure-industries-and-data-center-demand-302089006.html), 2024-03-14: "The need for electrical infrastructure to support advanced computing and technological progress has never been greater."

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