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SKF
to Invest $34.2 Million in St. Louis County
Global manufacturer SKF
today announced
that it will construct a new, state-of-the-art manufacturing facility for
industrial lubrication systems in NorthPark, in St. Louis County. Beginning
this fall, the expansion includes a $34.2
million investment, the creation of up to 73 new jobs within six years, and the retention of 388 jobs.
 The SKF
Lubrication Business Unit, headquartered in St. Louis, is a leader in the
design, manufacture and supply of highly engineered automatic lubrication
systems as well as lubrication tools and equipment. SKF employs more than
48,000 employees operating in 130 countries worldwide.
Since its acquisition of
Lincoln Holdings Enterprises Inc. in 2010, the SKF Lubrication Business Unit
has experienced significant growth and plans to build a 310,986-square-foot,
state-of-the-art, energy-efficient manufacturing facility in the St. Louis
region. The construction will take place in NorthPark, a joint development
located adjacent to Lambert-St. Louis International Airport and the same site
of a major Express Scripts expansion earlier this year. Construction is slated
to begin this fall and be completed in December, 2015.
To find out more about SKF’s Missouri expansion plans,
please click
here.
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you a growing business looking to expand in the Show-Me State? Check out all of
the resources available through the Missouri
Department of Economic Development.
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