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$46 Million for Manufacturing Plants in Kentucky and Nebraska
Schneider Electric is investing $46 million in its Lexington, KY and Lincoln, NE manufacturing plants to modernize their operations. 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.
The modernization efforts in the 65-year-old Lexington plant and 50-year-old Lincoln plant will include installing new equipment and machinery with the most current and connected technology and automation. The newer technology, coupled with using an architecture optimized for digitization, helping increase the plants’ quality and capacity and make their operations more energy efficient.
Further, these upgraded manufacturing facilities enabled by digitization and connectivity will improve operational efficiency and mean time between failures, or the average time between repairable failures of a technology product. Since the new, advanced equipment will be connected, employees will be able to monitor and adjust energy usage and perform online diagnostics and predictive maintenance tasks remotely.