Schneider Electric to invest $US 140 million on expansion in US in 2024

Schneider Electric to invest $US 140 million on expansion in US in 2024

Plans to expand US manufacturing presence to support critical infrastructure, industries, and data center demand

  • By ICN Bureau | March 17, 2024

Schneider Electric, the global leader in the digital transformation of energy management and automation, announced plans to invest US$ 140 million into its US manufacturing operations and create about 750 new manufacturing jobs across the country in 2024.

The company will invest US$ 85 million initially to transform and equip an existing 500,000 square foot building in Mt. Juliet, Tennessee and upgrade its existing Smyrna, Tennessee manufacturing operations. Both locations will manufacture custom electrical switchgear and medium voltage power distribution products to bolster support for critical infrastructure, industries, and the escalating demand for data center solutions across the U.S.

The new plant in Mt. Juliet is expected to begin manufacturing and shipping products to Schneider's customers by mid-2024 and is expected to be fully operational in 2025. The two plants will also incorporate advanced manufacturing technologies and software to improve operational performance, achieve energy savings, and reduce carbon footprint, among other benefits.

"The need for electrical infrastructure to support advanced computing and technological progress has never been greater," said Aamir Paul, President, North America Operations, Schneider Electric. "These investments will also support implementation of the Infrastructure Investment and Jobs Act and Inflation Reduction Act by strengthening domestic supply of products critical to boost America's electrification transformation. They will also further position Schneider Electric as a driving force behind this country's clean energy transition."

The Tennessee investment is part of Schneider Electric's commitment to strengthen its American manufacturing presence and create new jobs. Since 2020, Schneider Electric has invested more than $440 million across its American manufacturing network, including constructing its newest 160,000 square foot smart manufacturing plant in El Paso, Texas that opened in the summer of 2023.

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