Seymour, Ind. - Cummins Inc. (NYSE: CMI) has announced that the company will expand its High-Horsepower Technical Center and High-Horsepower engine product line at the newly renamed Seymour Engine Plant, creating up to 200 new jobs by 2015.
The Fortune 500 Company plans to invest approximately $100 million in machinery, equipment and the construction of a 28,500 square-foot expansion of its technical center. The technical center expansion will almost double the current engineering footprint in the facility and increase Cummins' High-Horsepower mechanical development capability.
"Cummins is excited to be able to strengthen its presence in Indiana and provide more good jobs in our home region," said Mark Gerstle, vice president and chief administrative officer.
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Preparations for the technical center expansion are scheduled to start immediately and construction is expected to be complete by mid-2011. Cummins plans to begin hiring engineers and mechanics immediately.
The Indiana Economic Development Corporation offered Cummins, Inc. up to $2.4 million in performance-based tax credits and $100,000 in training grants based on the company's job creation plans. The city of Lawrenceburg will provide Seymour a $1.75 million regional economic development grant from its municipal development fund to assist with the project. The city of Seymour will consider additional tax abatement at the request of the Jackson County Industrial Development Corporation. The company's commitment is contingent upon all state and local government approvals
Cummins Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. The Company reported net income attributable to Cummins Inc. of $428 million on sales of $10.8 billion in 2009. On the Web at www.cummins.com
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