As part of their 2020-announced expansion project, Cummins officials appeared before Seymour City Council on March 22 to request tax abatement on nearly $18 million of new investment in 2021.
Darren Kimmel, plant manager of the Cummins Seymour Engine Plant, said the company will invest $8.8 million in personal property as part of last year’s announcement of a multi-year expansion, as well as an additional $8.9 million in both real and personal property at its Seymour location. At the same meeting, abatement compliance forms were filed by Cummins which showed the company exceeded its projected 2020 investment with $2.3 million in new machinery and equipment.
In total, Cummins is expected to invest more than $25 million over the next several years which will create and retain 150 jobs. The project will allow Cummins to develop a new engine platform that will culminate with the launch of a new product for global customers in 2024.