WATER VALLEY, Miss. (WTVA) -- A Water Valley manufacturing plant announced big news on Monday.
BorgWarner announced that it's expanding its operations, a move that will create more than 100 new jobs, and this isn't the first time they've expanded.
In 2010, it made a giant leap and created 120 jobs. In 2011, it did it again, creating 67 new jobs.
Just two years ago, it added 50 new jobs. In Monday's announcement, company leaders said they're bringing 158 new jobs to the city and investing $43 million to expand the facility.
"It will allow us to continue to be the market leader in the products that we offer to the transmission businesses," said BorgWarner Transmission Systems President and General Manager Robin Kendrick.
The company makes transmissions, all-wheel drive systems, cooling systems, turbochargers and other engine components.
This expansion will help the company meet the demands and improve on existing technologies, including its state-of-the-art Eco-Launch solenoid valve that can improve fuel economy by 3 to 10 percent.
After this expansion, the company will employee nearly 500 people.
"This is one of the more advanced manufacturing facilities in the nation with those number of employees," said Mississippi Gov. Phil Bryant. "It's a pretty remarkable feat for Water Valley and Yalobusha County."
Water Valley Mayor Larry Hart said the fact that the company continues to expand shows the quality of the city's, county's and state's workforce.
"I've always said the BorgWarner is made up of its people, and for years we've had a good workforce for BorgWarner," Hart said.
It's the same workforce Bryant said will help the company expand in the future. In fact, he said it's already looking at ways to grow.
"Growth is going to get even more robust into the future here at BorgWarner," he said.
The Mississippi Development Authority will also give $2.5 million to help with infrastructure needs.
MDA said the news jobs will pay an average yearly salary of $35,000.