KF plans to build an engineering and manufacturing campus for industrial lubrication systems in NorthPark beginning this fall.
The company will invest $34.2 million and create 73 new jobs over the next six years, according to a statement from the St. Louis Economic Development Partnership.
The facility will be completed in December 2015, pending state and St. Louis County incentives. The potential size of those incentives was not immediately clear.
Clayco will construct the 310,986-square-foot facility, which is planned to qualify for Leadership in Energy and Environmental Design (LEED) certification.
Sweden-based SKF currently employs 388 people in St. Louis, and has more than 48,000 employees total operating in 130 countries. SKF’s lubrication business unit is based in St. Louis.