Automotive supplier BorgWarner is investing $20 million and adding about 75 jobs during the next two years at its Water Valley facility plant.
Borg Warner bills itself as a global leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles.
The company currently employs nearly 500 people in Water Valley.
“BorgWarner’s Water Valley location has expanded and added jobs five times in less than a decade – a tribute to the talented workforce found in Yalobusha County and the state’s supportive business climate,” Gov. Phil Bryant said.
Three years ago, the company announced a $43 million expansion that added more than 150 jobs.
For its latest expansion, Mississippi Development Authority awarded Borg Warner a $270,000 grant for building improvements.
The expansion, according to the company, “will help meet growing demand for advanced transmission technologies, including the award-winning Eco-Launch stop/start accumulator and the mini direct-acting variable force solenoid.”
“We are delivering products for the new generation of efficient transmissions compatible with hybrid stop/start functionality required on new vehicle models,” said plant manager Ray Robertson.
“Recent studies show the automotive sector is a major driver of Mississippi’s economy, providing well-paying careers for thousands of Mississippians,” said MDA Executive Director Glenn McCullough, Jr. “BorgWarner’s repeated expansions strengthen the state’s status as a global leader in the Southern Automotive Corridor.”