Caterpillar eyeing new factory in US
Mar 12, 2010 | 12:19 PM
| Corinna Petry
Global heavy equipment manufacturer Caterpillar Inc. has kicked off a study that it said could lead to construction of a new hydraulic excavator factory in the United States.
Such a move could triple Caterpillar's current capacity of hydraulic excavators now produced domestically and significantly boost jobs linked directly to higher excavator production, Peoria, Ill.-based Caterpillar said.
If the plan is implemented, it would further leverage excavator production in Japan to serve increasing demand in China and across Asia, the company added.
"The study is based on the current analysis of where the global excavator market is heading and how Caterpillar should position itself for continued leadership in the excavator industry," Gary Stampanato, vice president of Caterpillar's excavation division, said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.