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Tag Archives: Caterpillar

Oxford readies effort to replace departing Caterpillar

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By JACK WEATHERLY Oxford already has its net out to snag a tenant when Caterpillar Inc. flies away. “Project Butterfly,” a play on the departing manufacturer’s name, is what the Oxford-Lafayette County Economic Development Foundation, calls its effort. “It’s a mission to (fill) the Caterpillar facility as rapidly as possible,” Jon Maynard, president and chief executive of the foundation, said in ...

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Caterpillar to close Oxford plant, eliminate 240 jobs

caterpillar

By JACK WEATHERLY Caterpillar Inc. announced Thursday that it will shut down its Oxford plant and eliminate 240 jobs. The shutdown will take 12 to 18 months and will not affect the Peoria, Ill.-based  heavy-equipment manufacturer’s operations in Corinth and Booneville, said spokeswoman Rachel Potts. It is part of a restructuring announced in September in which 10,000 of its 114,000 jobs ...

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PHIL HARDWICK — Turning things around: Two companies and one federal agency

The cover of the current issue of the Harvard Business Review proclaims, “Making Strategy Work – How to Avoid the Traps and Execute Brilliantly.” Strategy is about how to achieve goals. It is especially important for companies that were once flying high, but have found themselves at a lower altitude. Turning around a struggling company is a daunting task. So ...

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Coast neighborhood overrun by caterpillars since Isaac

BAY ST. LOUIS — The thousands of caterpillars covering yards in the Garden Isle neighborhood of Bay St. Louis make it look almost like the grass is moving. Residents worry this is just a pit stop before the insects get into their homes. Residents in Garden Isle tell WLOX-TV since Hurricane Isaac, the whole area has been infested with caterpillars. ...

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Puckett Machinery leaving Jackson for Flowood

JACKSON — Puckett Machinery, a heavy equipment dealer that has been located in south Jackson since 1941, is relocating its headquarters and 200 employees to Flowood, a suburb east of the city. Richard Puckett, Puckett Machinery’s chairman/CEO says that Flowood’s low crime rate and “business-friendly” environment prompted the decision. The Caterpillar heavy equipment/rental services/engine dealer will build a $20 million ...

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Officials announce Caterpillar expansion

CORINTH — Officials say a new facility for Caterpillar will house warehouse and logistics operations and create 35 jobs over the next three years. Gov. Phil Bryant joined Corinth Mayor Tommy Irwin and other local officials for Thursday’s announcement. Caterpillar also says another 80 workers will transfer to the new $34.5 million engine recycling facility. Caterpillar, known for its trademark ...

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Coming home, part 2- "Reshoring" could reenergize U.S. manufacturing

As director of Mississippi State University’s Franklin Furniture Institute, Bill Martin has an up-close familiarity with the American “reshoring” trend, especially its implications for furniture manufacturing in Mississippi. He’s not convinced the trend of factories leaving China to return to the United States has arrived in Mississippi, but change is under way and the Magnolia State is feeling its effects. ...

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Coming home, part 1 — Some U.S. manufacturing groups see tipping point on overseas costs

Rising costs, a weakening dollar, concerns over quality and a desire to be closer to developing markets have combined to make American manufacturers in Asia wonder whether they should come home — or at least target the United States for their next expansion, economists and manufacturing experts say. Caterpillar is the most recent example, having decided that its plant in ...

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