Caterpillar Digs In with $1 Billion NC Investment

Caterpillar Inc. has announced plans to invest approximately $1 billion in North Carolina to expand its compact equipment business.

The company will construct a new manufacturing facility in Sanford, North Carolina, which will increase production of compact track loaders and telehandlers.

This investment is aimed at meeting growing customer demand for these machines, used in construction, landscaping, agriculture, and material handling applications.

The facility will incorporate advanced manufacturing technologies, automation, digital production systems, and integrated logistics capabilities.