Headquartered in Bellevue, Washington, Paccar Inc. (PCAR) announced the delay in the commissioning of its diesel engine plant near Columbus, Mississippi. Paccar attributed the delay to adverse economic conditions that have impacted truck demand. The plant, which was scheduled to begin operations by the end of 2009, will now start production in late 2010.
Paccar is engaged in the design, manufacture and distribution of light, medium, and heavy-duty trucks. The company markets heavy-duty diesel trucks under the Kenworth, Peterbilt and DAF brands. The company's trucks are used for over the road and off the highway to haul freight, petroleum, wood products, construction and other materials. Paccar's upcoming plant in Mississippi will manufacture 12.9-liter and 9.2-liter diesel engines for Kenworth, Peterbilt and DAF vehicles.
Back in 2007, Paccar had signed a contract with the state to provide 500 jobs at the Mississippi plant by 2013. According to the
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