International tier 1 manufacturing supplier plans to add 45 new jobs
SFS Group, a worldwide leading supplier of application-critical precision components and assemblies, mechanical fastening systems, quality tools and logistics solutions has announced plans to expand their operation in Medina County. The Ohio Department of Development (ODOD) approved the project for tax credit assistance during an Ohio Tax Credit Authority meeting on Monday.
The company has a strong competitive position in the development and production of solutions for electric brake systems for passenger vehicles and will make an investment in a new, innovative production line. The project will enhance and add to the capacity of the plant, located on the Route 18 corridor. It will also allow the company to supply customers globally. SFS plans to create 45 new positions while retaining 145 full-time jobs currently on-site.
“Based on SFS Group’s commitment to a local for local manufacturing strategy we continue to invest heavily in our North American operations in an effort to bring value to our North American customer base.” said Simon Schmid, General Manager for the Automotive division of SFS in the USA. “It brings an immense level of satisfaction to see the complex components we offer to the automotive sector being built by the skilled labor force that we are developing in this region.” SFS is also strongly committed to the dual education system aiming apprentices and students to gain practical experience and launch their professional career.
“SFS has grown significantly since they chose Medina County to build a manufacturing facility here over two decades ago.” said Bethany Dentler, CEcD, Executive Director, Medina County Economic Development Corporation. “It is gratifying that this global leader continues to invest and create jobs in our community,”
“Manufacturing and the auto industry have a great legacy in the Northeast Ohio Region,” added Team NEO Chief Executive Officer Bill Koehler. “We are confident SFS will continue to grow and thrive as part of the region’s complete, end-to-end automotive supply chain. Along with our local partners, ODOD, and JobsOhio, we congratulate SFS on its expansion.”
About SFS Group
SFS is a worldwide leading supplier of precision components and assemblies, mechanical fastening systems, quality tools and logistics solutions. SFS Group AG is made up of the three segments Engineered Components, Fastening Systems and Distribution & Logistics, which represent the company’s corresponding business models. In the Engineered Components segment, SFS partners with customers to develop and manufacture customer-specific precision components, assemblies and fastening solutions. Engineered Components comprises four divisions: Automotive, Electronics, Industrial and Medical. The Fastening Systems segment, which consists of the Construction and Riveting divisions, develops, manufactures and markets application-specific mechanical fastening systems. In the Distribution & Logistics segment, SFS is a leading sales and logistics partner in Europe for direct and indirect materials in the areas of quality tools, fasteners and other C-parts as well as logistics and process solutions for customers in industrial and construction industries. The segment comprises two divisions, Distribution & Logistics Switzerland and Distribution & Logistics International. SFS Group is a global player with manufacturing sites and distribution companies at 140 locations in 35 countries around the world. It generated sales of CHF 2,746 million in the 2022 financial year with a workforce of approximately 13,500 (FTE). More information can be found at www.sfs.com
About Team NEO
Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of the Northeast Ohio Region. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in the region’s 18-counties; we conduct research and data analysis to inform local conversations and influence solutions; we market the Northeast Ohio Region; and we work to increase access to jobs, education and training for the region’s 4.3 million people. We do this to build a more vibrant regional economy; one that is more talented, equitable, competitive, innovative, resilient, and prosperous. For more information, visit northeastohioregion.com.
About JobsOhio
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.