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Tecumseh Products Company Plans Multi-Million Investment To Relocate Production To U.S. And Expand Its Manufacturing Units
Area Development Online News Desk (07/25/2013)
Tecumseh Products Company plans a multi-million dollar investment to bring jobs back to the US, hire up to 150 employees over the next five years and retain 350 workers at its Verona, Mississippi, facility to meet the increased global demand for their products.

Tecumseh manufactures refrigeration and air conditioning products and, is expanding production of its specialized energy efficient commercial refrigeration compressor to better serve the North American market. The AE2 line is expected to be operational by October 2013. Currently, its specialized AE2 compressor is manufactured in Brazil and France. The company also has plans to expand its condensing unit production at its Verona facility.

“The expansion of these manufacturing lines and the creation of new jobs at Tecumseh’s Verona location are great news for the entire community. Tecumseh’s commitment serves as a testament to Mississippi’s supportive business climate and dedicated workforce,” Gov. Phil Bryant said. “I am grateful to the team at Tecumseh, and I look forward to their lasting success as a member of our growing business community.”

“We are extremely pleased with the support that we’ve received,” stated Jim Connor, President and CEO of Tecumseh Products Company. “Expansion of our Verona manufacturing production wouldn’t be possible without the strong financial assistance from the state of Mississippi. The opportunity is timely as the global economy continues to improve along with the demand for our products.”

The Mississippi Development Authority provided expansion support for building modifications, infrastructure improvements, and relocation assistance for equipment. The Tennessee Valley Authority provided assistance for this project as well.

“MDA is dedicated to helping companies such as Tecumseh as they grow and create jobs in our state,” said MDA Executive Director Brent Christensen. “We appreciate the company for retaining the 350 employees at its Verona facility. The additional jobs at Tecumseh’s Verona facility are another sign that Mississippi’s economy is gaining momentum, and we appreciate our partners in Lee County and at TVA for working with us to make this project possible.”

 
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