－－Expansion will add 70 new jobs at the facility.

Schaeffler Group USA, a Fort Mill, S.C.-based manufacturer of roller bearings and components, plans to expand one of its facilities in Cheraw, S.C.

The $26 million expansion will increase production and add more than 70 new jobs at the facility.

"This expansion will allow the company to introduce a new technology in North America that produces engine modules, which increase performance and improve fuel efficiency for a major Detroit automaker," the company said.

The Schaeffler Group has three facilities in Cheraw. Plants 1 and 5, which are housed on the same site, manufacture bearings and components for bearings and motor elements. Plant 2 manufactures roller bearings, engine components, rocker arms, tripod rollers and roller assemblies for the automotive industry.

Schaeffler Group USA is part of the Herzogenaurach, Germany-based Shaeffler Group, which products the INA, LuK and FAG brands of bearings and components for the automotive OEM, industrial OEM and distribution markets as well as the aerospace industry.

Other News:
Schaeffler Group USA to Expand in South Carolina
Tristar Plastics Oven Bearings Used in LCD Panel Production
Calnetix Power Solutions Acquired by GE
NSK Molded Oil Bearings Deliver Downtime Cost Savings
Tristar Plastics Rulon Bearings Used in Food Processing Equipment
NSK Showcases Bearings for Use in Wind Turbines
PBC Linear’s Uni-Guides Give Heavy Touch Screen Monitors a Raise
NTN Roller Bearing Application and Maintenance Seminar - Oct 19-21, 2010