Tecumseh Products Announces Expansion

PRESS RELEASE

Verona, Miss. – Governor Phil Bryant and officials from Tecumseh Products Company announced today the creation of up to 150 new jobs over the next five years and the retention of 350 jobs at their Verona facility to meet the increased global demand for their products. The expansion represents a significant multi-million dollar investment for Tecumseh.

Tecumseh manufactures refrigeration and air conditioning products and, is expanding production of the energy efficient AE2 commercial refrigeration compressor to better serve the North American market.

The AE2 line is expected to be operational by October 2013. Currently, the AE2 compressor is manufactured in Brazil and France. The company also has plans to expand its condensing unit production at the Verona facility.

“We are extremely pleased with the support that we’ve received,” stated Jim Connor, President and CEO of Tecumseh Products Company. “Expansion of our Verona manufacturing production wouldn’t be possible without the strong financial assistance from the state of Mississippi. The opportunity is timely as the global economy continues to improve along with the demand for our products.”

The Mississippi Development Authority provided expansion support for building modifications, infrastructure improvements, and relocation assistance for equipment. The Tennessee Valley Authority provided assistance for this project as well.

“MDA is dedicated to helping companies such as Tecumseh as they grow and create jobs in our state,” said MDA Executive Director Brent Christensen. “We appreciate the company for retaining the 350 employees at its Verona facility. The additional jobs at Tecumseh’s Verona facility are another sign that Mississippi’s economy is gaining momentum, and we appreciate our partners in Lee County and at TVA for working with us to make this project possible.”

###