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Corinth welcomes Caterpillar stockholders
by Jebb Johnston
Jun 10, 2014 | 126 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Caterpillar’s annual meeting of stockholders is taking place in Corinth this morning.

It is the first time since CAT established a presence in Alcorn County 32 years ago with the remanufacturing facility on Cardinal Drive that the annual meeting has come to Corinth.

Alliance CEO Gary Chandler described it as a once-in-a-generation opportunity.

“There are a lot of Caterpillar communities around the country and world that do not get the chance to host this type of meeting,” he said. “That within itself is a very big deal.”

Caterpillar executives and stockholders were to gather at Crossroads Arena for the annual session.

City and county leaders have welcomed the visit with open arms.

“It gives us an opportunity to show them some Southern hospitality and let them know how much we appreciate them and how much they mean to the county,” said Board of Supervisors President Lowell Hinton.

Along with Mayor Tommy Irwin, he had an opportunity to meet with some of the company leaders on Tuesday.

“We want to let them know how appreciative we are of having a second facility and the investment they have made in this community,” said Irwin.

Based in Peoria, Ill., Caterpillar manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Earlier this year, the company announced continued expansion in Corinth with work on the C175 engine coming to the former Tecumseh facility.
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