Schneider announces $46-MIL investment to modernize Lexington and Lincoln plants
November 23, 2022 | By Anthony Capkun
November 23, 2022 – Schneider Electric announced it will invest about $46 million in its Lexington, Ky., and Lincoln, Neb., manufacturing plants to modernize operations and increase circuit breaker and related electrical product output for its customers in both the United States and Canada.
“To keep pace with the near- and long-term demand for our products—and to plan for the future—we must invest in our supply chain capabilities,” said Schneider Electric’s Ken Engel. “Our duty always—and particularly in the context of the current economic and energy environment—is to serve the needs of our customers and partners across our manufacturing and distribution network.”
The modernization efforts in the 65-year-old Lexington and 50-year-old Lincoln plants will include installing new equipment and machinery with the most current and connected technology and automation. Coupled with an architecture optimized for digitization, the newer technology will help increase the plants’ quality and capacity while make operations more energy-efficient, says Schneider Electric.
The new investment augments the more than $100 million the company earmarked in 2021 to expedite the reshoring of its manufacturing capability in the North American region, says the company, which saw organic growth of +12.6% in fiscal year 2021.
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