Schneider Electric to invest $46 million in plant modernization

Schneider Electric will invest about $46 million in its Lexington, Ky., and Lincoln, Neb., manufacturing plants to modernize their operations and increase circuit breaker and related electrical product output for customers in the U.S. and Canada.

The modernization efforts in the 65-year-old Lexington plant and 50-year-old Lincoln plant will include installing new equipment and machinery with current, connected technology and automation. The newer technology, coupled with an architecture optimized for digitization, will help increase the plants' quality and capacity and make their operations more energy efficient, the company states.

Since the new equipment will be connected, employees will be able to monitor and adjust energy usage and perform online diagnostics and predictive maintenance tasks remotely.