$1B Caterpillar Expansion Brings New Jobs to North Carolina

Texas-headquartered Caterpillar is expanding its operations in North Carolina with a $1 billion investment, which will increase production of compact track loaders and telehandlers.

The new manufacturing facility is part of Caterpillar's efforts to meet growing demand for the products, according to the company. The expansion is expected to create jobs in the region.

Caterpillar did not release a specific timeline for the completion of the project or details on the number of new jobs that will be created.