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Corinth welcomes Caterpillar stockholders

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CORINTH, Miss. (AP) — Caterpillar's annual meeting of stockholders is taking place Wednesday in Corinth.

Peoria, Illinois-based Caterpillar Inc. has had a presence in Corinth for 32 years.

Caterpillar spokeswoman Rachel Potts says the company has tried in recent years to hold stockholder meetings in places where the company has facilities.

Recent shareholders meetings have been in North Little Rock, Arkansas; Greensboro, North Carolina, and San Antonio, Texas.

Corinth is home to some of Caterpillar's Remanufacturing operations, employing some 1,200 employees.

Caterpillar also employs another 500 workers in facilities in Booneville, Oxford and Water Valley in Mississippi.

In February, Caterpillar announced a $14.8 million expansion in Corinth that will add 30 jobs to its new Large Engine Remanufacturing Facility, which builds the company's C175 engine used for mining equipment and power generation.

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