By Business First of Louisville

Cummins Inc. plans to invest $100 million to expand its High-Horsepower Technical Center and related manufacturing line at the newly renamed Seymour Engine Plant in Seymour, Ind.

Columbus, Ind.-based Cummins (NYSE: CMI) will add 28,500 square feet to the technical center, according to a news release from the Indiana Economic Development Corp.

The expansion is expected to lead to the creation of as many as 200 jobs by 2015, according to the release.

The Seymour plant, which opened in 1976, makes diesel and natural gas engines used in mining, power generation, the marine and railroad industries, and oil and gas exploration.

The IEDC pledged up to $2.4 million in performance-based tax credits and $100,000 in training grants based on the companyâ¿¿s job-creation plans.

Cummins had net income of $428 million, or $2.16 per share, on sales of $10.8 billion in 2009.

Copyright 2010 American City Business Journals
Copyright 2010