PACCAR Inc unveiled plans for a new $400 million powertrain manufacturing and assembly facility in the Southeast United States. “PACCAR`s outstanding profits, excellent balance sheet and intense focus on quality, technology and productivity enhancements have enabled the company to consistently invest in its products, services and processes during all phases of the business cycle,” commented Mark Pigott, chairman and chief executive officer.
“Strong demand for high-quality DAF, Peterbilt and Kenworth products has resulted in record production and market share for PACCAR worldwide,” said Pigott. “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 400,000-square-foot facility strengthens PACCAR`s global manufacturing and assembly capability and positions PACCAR to capitalize on growing opportunities in North America, Europe and Asia,” added Pigott. “The $400 million investment in PACCAR`s newest facility complements the $2.5 billion invested over the last ten 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.”
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