Cummins Inc. has announced plans to invest more than $25 million at its Seymour Engine Plant over the next several years, a move that is expected to create and retain more than 150 jobs over the next decade.
The announcement was made today acknowledging the support of the Indiana Economic Development Corp., city of Seymour and Duke Energy.
“After our significant investments into our manufacturing and tech center infrastructure over the last 10 years, our latest expansion decision will once again expand our ability to serve global markets and bring new products and technology from our high-horsepower engine hub in Seymour,” said Norbert Nusterer, president of Cummins’ Power Systems business segment.
The investment in upgrading existing plant infrastructure at SEP, which is Cummins’ global high-horsepower headquarters, will bring in new manufacturing capabilities, including assembly, machining and block lines, as well as testing equipment.
This investment will improve and refine the plant’s capabilities to prepare for the addition of a new engine platform that will be launched for global customers in 2024.
“This is exciting for our employees,” said Darren Wildman, Americas operations leader of Cummins’ Power Systems business segment. “These investments ultimately mean we are going to bring to market the next generation of high-horsepower engines. A new engine platform allows us to tap even deeper into our exceptional technological, engineering and manufacturing expertise to create a game-changing product to serve more customers and expand into new markets.”
Over the past 10 years, Cummins has invested more than $350 million at its high-horsepower operations in Seymour, including a significant renovation of the plant and the addition of a cutting-edge technical center, bringing together key capabilities to enhance technological and product development. The investment has nearly doubled the employment at its Seymour operations, which now has 1,100 employees.
The IEDC offered Cummins Inc. up to $550,000 in conditional tax credits and up to $100,000 in training grants based on the company’s plans to create up to 87 new jobs by the end of 2028. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“The decision by Cummins to again invest in Seymour is tremendous news,” Seymour Mayor Matt Nicholson said. “We believe our commitment to create and maintain a business-friendly environment, when combined with the workforce they are able to attract from throughout south central Indiana, are reasons Cummins continues to invest in Seymour. Not only does this project create new jobs, but it also will retain workers, which is a win-win for everyone.”
Duke Energy Indiana President Stan Pinegar said Cummins’ investment in Seymour will have an impact beyond the company.
“It’s an investment in the community and state,” he said. “We were glad to do our part to provide incentives to help offset their energy costs.”
SEP produces natural gas and diesel engines ranging in size from 15L to 95L. These engines support power generation, rail, marine, mining, agricultural, oil and gas, industrial and military applications.
Find the story in Tuesday’s Tribune.