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.