Wednesday, SC Governor Nikki Haley, the South Carolina Department of Commerce, Chesterfield County and the City of Cheraw announced Schaeffler Group USA, will expand its facility in Cheraw in Chesterfield County.
Schaeffler Group USA is a maker of automotive components
A spokesman for the company says the 10 million dollar investment is expected to generate 100 new jobs.
Schaeffler Group USA says the expansion will aid its production of its new MultiAir technology.
Company officials say MultiAir technology will increase engine performance and improve fuel efficiency for a major Detroit automaker.
