A Southern Tier diesel plant announced today it would expand to the tune of a $250 million investment, creating 250 full-time jobs and retaining 500 positions.
“Important heavy duty regulations in China and Europe as well as for non-road vehicles take effect over the next two years, which could double demand for our products by 2017,” Mark Beck, executive vice president of Corning Environmental Technologies and Life Sciences Business Group, said in a statement Thursday.
“These investments in our manufacturing capabilities demonstrate our commitment to ensuring a reliable supply of next generation diesel products to our global customers for years to come,” he continued.
The Erwin facility manufactures large ceramic substrates and filters for heavy-duty diesel engine truck construction and agricultural equipment manufacturers worldwide. The plant now also produces particulate filters for heavy-duty applications.
The $250 million investment will occur over three years and will not change the company’s previous capital spending plan for this year and next. The expansion, which is the company’s third, is set to be completed in 2015.
“The expansion of this facility is great news for New York—a testament to our world-class workforce and further proof of our ability to compete for global jobs and business,” Gov. Andrew Cuomo said in a statement Thursday, touting the news.