BorgWarner, a global powertrain supplier, plans to expand its Water Valley, Mississippi manufacturing plant to build its new ECO-Launch system that enables the stop-start function in automatic transmissions, creating 50 new jobs.
The ECO-Launch system produced at the plant on Mississippi 32 at South Main street is mounted on the transmission and filled and pressurized with transmission fluid. The pressurized fluid allows for the quick automatic transmission function necessary for compatibility with the engine stop-start strategies being implemented by automakers to improve fuel economy.
"BorgWarner's advanced technologies have either created or led modern technology waves by delivering better fuel economy, lower emissions and powerful performance for drivers around the world," said James Verrier, president and chief operating officer of BorgWarner. "We are pleased that our latest transmission technology enables us to expand our operations in Water Valley and appreciate the support we've received on this important project."
"BorgWarner has expanded its Mississippi operations a number of times in recent years, creating a significant number of new jobs for state residents," Governor Phil Bryant said. "I am proud this global automotive supplier has looked to its Water Valley facility to manufacture this innovative new product, and I thank company officials for their continued investment in Mississippi."
The Water Valley facility employs more than 485 workers, and since summer 2009, it invested a total of $47 million in a variety of projects at its Water Valley facility.
While details about incentives offered the firm were not immediately available, the Mississippi Development Authority said it worked closely with company and local officials to help facilitate the project by providing assistance through the Momentum Mississippi incentives program. The Tennessee Valley Authority said it also provided assistance for the expansion.
"BorgWarner continues to demonstrate its confidence in Mississippi's business climate and workforce, and for that, I am extremely grateful," said Mississippi Development Authority Executive Director Brent Christensen. "This latest expansion is more wonderful news for Water Valley, Yalobusha County and the entire state, and I am glad MDA was able to work with our local and regional partners, including the Yalobusha County Economic Development District and the Tennessee Valley Authority, to support this project."