Schaeffler Canada investing $13.1M to boost automation, expand production
STRATFORD, Ont.—The Canadian wing of German bearing manufacturer Schaeffler Group is launching a $13.1 million expansion project at one of its two plants in Stratford, Ont.
Using private funds, as well as a $1.3 million investment from the province, Schaeffler Canada plans to add two new assembly lines, buy new equipment and invest in automation at its automotive facility in the southwest Ontario city.
Designed to boost its production capacity and improve quality control at the rolling bearings plant, the company expects the project will create 44 new jobs, raising staff levels at its Stratford facility to over 400.
“We are excited to continue growing in the province of Ontario. Our investment in additional technology will create new skilled jobs while increasing our capacity and enhancing our production capabilities,” Robert Hillstrom, Schaeffler Canada’s CFO, said. “This is in response to a rise in customer demand for our high-quality, innovative solutions for the global automotive industry.”
Schaeffler expects to complete the project by 2018.
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
Next Aug 17 Bearing Steel Price in Different Regions of China
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
