North Carolina Construction News staff writer
Caterpillar Inc. plans to invest approximately $1 billion in North Carolina to expand manufacturing capacity for compact construction equipment.
The investment includes a new manufacturing facility in Sanford, N.C., that will produce compact track loaders and telehandlers. Caterpillar said the facility is intended to increase production capacity as demand for the equipment grows.
The project is part of Caterpillar’s Cat Compact business, which serves small contractors and other customers using compact equipment in construction, landscaping, agriculture and material handling.
The facility is expected to include automated manufacturing systems, digital production technology and integrated logistics systems. North Carolina was selected because of its existing manufacturing operations in Sanford, its workforce and established manufacturing expertise in the area.
“As demand for compact equipment continues to increase, we’re investing to better serve this growing segment of customers,” said Caterpillar Construction Industries Group President Rod Shurman.