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.....
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