Caterpillar plans to invest approximately $1 billion to expand its compact equipment manufacturing capacity in North Carolina, responding to growing customer demand for its Cat Compact℠ product line.
The plan includes a new, modern manufacturing facility in Sanford, North Carolina. The plant will increase production of compact track loaders and telehandlers, machines used in construction, agriculture, and landscaping.
The facility will use advanced manufacturing technologies, including automation, digital production systems, and integrated logistics. Caterpillar cited its longstanding presence in North Carolina and the strength of the local workforce as key reasons for the investment.