Date: 2013-08-01

FAG Bearings Recipient of Major Investment

The push to promote wind energy is generating new jobs and a major investment at the FAG Bearings manufacturing plant at 3900 S. Range Line Road.

In the works and under wraps for two years, the project by parent company Schaeffler Group USA is expected to create 71 new manufacturing jobs over five years and invest $39.3 million in production improvements at the FAG plant.

The company recently received approval for $978,983 in Enhanced Enterprise Zone (EEZ) tax credits from the Missouri Department of Economic Development in connection with the creation of the new jobs and the investment.

The company is planning to manufacture large ring bearings for use in wind-energy applications.

Greg Tinnell, vice president of human resources for the company

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