German automotive parts maker, Schaeffler Group USA, will expand operations in Chesterfield County. The $10 million investment is expected to generate 100 new jobs.
Schaeffler Group will expand production capacity at its facility in Cheraw for its new MultiAir technology, which increases engine performance and improves fuel efficiency for a major U.S. automaker, according to company officials.
The company plans to begin hiring for the new positions in the first quarter of 2012.
The state of South Carolina and Chesterfield County are providing incentives to assist the company with the expansion, including job development credits and training assistance.