SMW Manufacturing announced Monday that it will expand its operations in Oxford by investing $4 million and creating 25 jobs over the next four years to bring the work force to 75.
SMW makes components for the heavy truck, automotive, mining, construction and industrial markets. In 2017, the company announced it would take over operations in the former Caterpillar facility in Lafayette County. For the expansion, Taylor, Mich.,-based SMW is relocating equipment from Minnesota to Mississippi.
General Manager and Vice President of Operations Rich DesCoteaux said in a prepared statement that “the team chosen to manage and operate the Mississippi location are all locally grown talent; SMW did not transplant a single employee.” He said that the “get-it-done attitude and ability to learn new concepts” have fueled the expansion.
The Mississippi Development Authority provided a $125,000 grant for equipment relocation.
Caterpillar had 240 employees stamping metal hose couplings when it announced in 2016 it would close the plant.
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