Key facts
- Caterpillar will invest $1 billion in North Carolina to expand manufacturing capacity.
- A new manufacturing facility will be built in Sanford, North Carolina.
- The expansion will increase production of compact track loaders and telehandlers.
- Demand for compact equipment is rising across construction, landscaping, agriculture, and material handling sectors.
- The new facility will support US manufacturing operations and create jobs in automation and digital manufacturing.
Caterpillar announced on Wednesday plans to invest approximately $1 billion in North Carolina to expand its manufacturing capacity for compact equipment. The investment includes the construction of a new facility in Sanford, North Carolina, aimed at increasing the production of compact track loaders and telehandlers.
Rod Shurman, Caterpillar Construction Industries Group President, stated that the increased investment is to better support the expanding customer segment due to rising demand for compact equipment. These machines are utilized across various industries such as construction, landscaping, agriculture, and material handling.