Caterpillar to invest about $1 billion in North Carolina compact equipment plant

Caterpillar plans to invest about $1 billion to build a new manufacturing facility in Sanford, North Carolina. The plant is meant to raise output of compact track loaders and telehandlers to meet customer demand. The release gives no job count, completion date or capacity figure, so the timing and size of the output increase are not yet known.

• About $1 billion investment in Sanford, North Carolina
• Products: compact track loaders and telehandlers
• No job count, completion date or capacity figure disclosed