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. 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.”
Construction of the facility will begin in mid-2007 and is targeted for completion in 2009.
“PACCAR has learned from DAF and its customers the performance and cost advantages of installing its own powertrain, as well as the benefits of additional aftermarket parts and service business for our dealers,” stated Jim Cardillo, executive vice president. “Offering a PACCAR powertrain to our North American customers will provide additional choices in their vehicle specifications.”