Paccar Inc recently unveiled plans for a new $400 million powertrain manufacturing and assembly facility in the Southeast U.S.

“Strong demand for high-quality DAF, Peterbilt and Kenworth products has resulted in record production and market share for Paccar worldwide,” said Mark Pigott, chairman and CEO of Paccar. “The industry-leading reliability and resale value of Paccar’s light-, medium- and heavy-duty commercial vehicles, including the success of Paccar’s powertrain, as well as exciting initiatives such as Paccar’s diesel-electric hybrids, remote vehicle diagnostics and software development have driven stellar financial performance. This significant investment in a new powertrain facility, as well as a Technology Center, will ensure that Paccar maintains its position of global technology leadership and meets customer requirements.”

“The $400 million investment in Paccar’s newest facility complements the $2.5 billion invested over the last 10 years to accelerate award-winning product development, Six Sigma implementation, customer after sales support and dynamic information technology programs in our capital goods and financial services markets,” said Pigott.

According to Jim Cardillo, executive vice president of Paccar, construction of the facility will begin in mid-2007 and is targeted for completion in 2009. Paccar is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also provides financial services and information technology and distributes truck parts related to its principal business.

For MORE NEWS BRIEFS, click here.

For a FREE SUBSCRIPTION to Expansion Management, click here.

Go to STATE SPOTLIGHTS to read more about other news and articles about this state.

Go to INDUSTRY SPOTLIGHTS to read more about other news and articles about this industry sector.

Go to INTERNATIONAL SPOTLIGHTS to read more about other news and articles about international expansions.