New Way Trucks is increasing its production capacity in Booneville, Mississippi, with a $4 million investment creating at least 120 jobs.
The recycling and refuse equipment manufacturer moved into the former Wolverine Tube building in the Booneville/Prentiss County Industrial Park in October 2019. There, employees manufacture a full line of refuse trucks designed for the collection of residential and commercial solid waste.
New Way Trucks is now expanding, adding a 66,000-square-foot facility in Prentiss County that will manufacture and fabricate parts and sub-assemblies. In addition, employees at the new location will conduct research and new product development. Jobs will be added at both company locations.
“We have been so pleased with the partnerships created with the State of Mississippi, MDA (Mississippi Development Authority), Prentiss County and the City of Booneville that increasing our presence here was an easy decision,” said Mike McLaughlin, CEO of New Way Trucks. “The skilled workforce and business friendly climate here in northeast Mississippi are key to helping New Way meet our planned growth strategies and to support our growing customer base across North America and beyond.”
The Mississippi Development Authority is providing assistance for building upgrades. New Way Trucks is also certified for the Advantage Jobs Rebate Program. The Advantage Jobs Rebate Program is available for businesses that create new jobs exceeding the average annual wage of the state or county. Prentiss County and the Tennessee Valley Authority also are assisting with the project.
New Way Trucks expects the new facility to be in operation by the end of the year. The company plans to fill the new jobs over the next two years.
New Way Trucks is a family-owned company and is the cornerstone brand of the Iowa-based McLaughlin Family Companies. It is the largest privately held manufacturer of refuse equipment in North America.