The Joplin Globe, Joplin, MO

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August 24, 2012

FAG announces $41 million upgrade at Joplin plant

One of Joplin’s long-time manufacturers, Schaeffler Group USA, will make a $41.1 million upgrade in its FAG plant in Joplin. In conjunction with that, the state of Missouri will make job training funds available for employees to use the new equipment, Gov. Jay Nixon announced today during a stop at the plant.

Schaeffler Group USA is an international company that leads the world in the production of bearings and and precision parts automobile manufacturers.

 The Joplin plant has been in operation 42 years. It makes bearings that are used in pumps that move crude oil through pipelines, as well as bearings for rail cars, heavy conveyors in mines and paper mills and for  gear boxes for electrical motors and wind turbines.

 The state will help provide training money for 250 employees by diverting part of the company’s income tax withholdings. Workers will be trained in technical skills, advanced automation, safety practices and leadership skills, Nixon said.

 “From Day One, we’ve focused on creating jobs and growing our economy by investing in our workforce and holding the line on taxes,” Nixon said in a statement. “As a result of our efforts, industry’s global leaders continue to invest in Missouri. I congratulate Schaeffler USA on its investment in Joplin, and I am pleased that my administration could help ensure that our workforce has the skills and training needed to attract significant investments like this to our state.”

 

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