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Paccar to Build $400 Mln. Powertrain Plant in Southeastern U.S.
Paccar Inc., the parent company of Kenworth Truck Co. and Peterbilt Motors Co., said late Tuesday it plans to build a new $400 million powertrain manufacturing plant in the southeastern United States.
Construction will begin in mid-2007 and is targeted for completion in 2009, the company said in a statement.“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,” said Mark Pigott, chairman and chief executive officer.“Strong demand for . . . Peterbilt and Kenworth products has resulted in record production and market share” worldwide, he said.The plant will be the company’s “most technologically advanced,” said Tom Plimpton, Paccar’s president.Paccar also the parent of European truck maker DAF Trucks N.V.
