Caterpillar Inc.’s Corinth plant is expanding to produce C175 remanufactured engines.
The project represents a corporate investment of $14.8 million and will create 30 jobs. The Corinth plant is Caterpillar’s lead facility for large engine remanufacturing worldwide.
The C175 engines are used in Caterpillar’s mining trucks and electric power applications. The company Friday unveiled the first C175 engine assembled in Corinth during an event attended by Gov. Phil Bryant, Caterpillar executives and local officials.
Remanufacturing is the process of returning an end-of-life, broken or blemished product to like-new condition. This provides customers with the same performance and reliability at a fraction of the cost of a new product, while also reducing the impact on the environment.
The Mississippi Development Authority provided assistance in support of the expansion to help renovate the existing facility. The Alliance, Corinth and Alcorn County’s economic development organization, provided assistance as well.
Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments – Resource Industries, Construction Industries and Power Systems – and also provides financing and related services through its Financial Products segment. In Mississippi, the company’s workforce totals more than 1,700 with facilities in Corinth, Booneville, Oxford and Water Valley.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info