Swiss construction machinery manufacturer plans production site in Mississippi
Liebherr, one of the world's largest manufacturers of construction machinery, has announced its intention to establish a sales and production site in Tupelo, Mississippi (USA). This will give the birthplace of Elvis Presley an important economic boost.
Liebherr, a Swiss-based company with German roots and one of the world's largest manufacturers of construction machinery, is to locate new sales and production facilities in Lee County, Mississippi. The project represents a corporate investment of 176 million dollars and will create at least 180 jobs by 2026, according to a press release. The company may invest up to $238.4 million and create up to 342 jobs to support its new operations.
Liebherr has selected the HIVE Business Park in Tupelo, a city with a population of approximately 37,000 and known as the birthplace of the "King of Rock'n'Roll" Elvis Presley, as the location for the expansion of its North American operations. The company has acquired 480,000 square meters of land there and intends to open a logistics distribution center for the American continent. A new campus is to be built on the site, on which more than 90,000 square meters of building space will be constructed. The first phase of the project includes the construction of a state-of-the-art logistics center for Liebherr customer service distribution and logistics. Following the first phase, the company will invest in additional work to support its other product segments. The investment is supported by the Mississippi Development Authority (MDA) specifically through the Mississippi Flexible Tax Incentive (MFLEX) program. The MDA is also providing assistance for the construction and equipping of the facilities. Lee County, the City of Tupelo and Accelerate MS are also supporting the project.
Liebherr is a family-run technology company with a broadly diversified product portfolio. In addition to construction machinery, the company offers high-quality, user-oriented products and services in a wide range of areas. The Liebherr Group comprises more than 150 companies in over 50 countries and currently employs more than 53,000 people worldwide and over 1,600 in the USA. Liebherr International AG, based in Bulle, Fribourg, is the central parent company of the Liebherr Group.
Source and further information: Mississippi Development Authority and Liebherr International AG
