By The Associated Press
WATER VALLEY – Auto parts maker BorgWarner Drivetrain Systems says it plans to add another 50 jobs at its plant in north Mississippi’s Yalobusha County.
It’s the third expansion at the Water Valley site in two years for the company, which now has 485 employees there.
The company makes parts for automotive transmissions. BorgWarner is hiring more workers to make a transmission system that enables engines to stop and start quickly. Such systems improve fuel economy by cutting off engines when vehicles are idling.
BorgWarner, based in Auburn Hills, Mich., added 120 jobs in Water Valley in 2010 and 67 jobs in 2011. Mississippi officials say the company has invested $47 million at the plant south of Oxford since 2009.
“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,” Gov. Phil Bryant said in a statement.
The state will provide $200,000 to improve part of BorgWarner’s building that handles incoming and outgoing shipments. Tennessee Valley Authority spokesman Mike Bradley said the utility provided unspecified incentives, but said TVA wouldn’t release details because they were “business sensitive and competitive.”
“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,” James Verrier, president and chief operating officer of BorgWarner, said in a statement.