SMW Manufacturing is expanding its operations in Lafayette County investing $4 million and creating 25 jobs. The expansion supports the company’s new contracts, as well as its rapid growth in North Mississippi.
SMW is relocating equipment from Minnesota to Mississippi to accommodate the increased production, with the MIssissippi Development Authority providing $125,000.
The company which makes components for the heavy truck, automotive, mining, construction and industrial markets, moved into the former Caterpillar plant last year
“SMW Manufacturing’s presence in Oxford, Mississippi just reached its first anniversary at the beginning of July. To say that we are pleasantly surprised by the successes we’ve achieved in this first year would be quite the understatement,” said SMW General Manager/VP of Operations Rich DesCoteaux. “The team chosen to manage and operate the Mississippi location are all locally grown talent; SMW did not transplant a single employee. Because of the get-it-done attitude and ability to learn new concepts, the plans to populate new business into Oxford have been accelerated. We greatly appreciate the support provided by the state of Mississippi, Lafayette County and the city of Oxford.”
Last year, the company announced plans to invest more $15 million and hire up to 50 employees, comprised mostly former Caterpillar employees, by the end of this year, a goal it has already reached. The addition of the 25 new jobs will bring employment at SMW to 75. The company has committed to filling the new jobs over the next four years.