Caterpillar will invest $14.8 million to expand its plant in Corinth, Mississippi, enabling the firm to produce C175 remanufactured engines and create 30 jobs. The Corinth facility is Caterpillar’s lead facility for large engine remanufacturing worldwide.
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 addition of the remanufactured C175 engine business to our Corinth operations is a credit to the skills and performance of our team in Mississippi,” said Mississippi Reman Operations Manager Roberto Ortega. “Caterpillar employees in Mississippi demonstrate a passion for safety, a focus on quality and a dedication to our values: Integrity, Excellence, Teamwork and Commitment. We appreciate the support of the Mississippi Development Authority and the Alliance, and we look forward to continued growth of Cat Reman operations in Mississippi, the lead facility for our large engine remanufacturing operations worldwide.”
“I am grateful to the team at Caterpillar for choosing to strengthen its roots in north Mississippi by adding this new line of remanufactured engines and for creating new job opportunities for the residents of Alcorn County,” said Governor Phil Bryant. “Mississippi has a tradition of manufacturing excellence, and Caterpillar’s most recent expansion is proof that Mississippi is a great place to do business. Quality, well-made products used around the globe are manufactured and perfected right here in our state.”
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.