Caterpillar Expands in North Carolina with $1 Billion Manufacturing Plant

Caterpillar is investing $1 billion in a new manufacturing plant in North Carolina, where it will produce compact track loaders and telehandlers. The company already has a presence in Sanford, where the new plant will be located, and has increased hiring there by 600 workers this year.

The existing plant will continue to operate as normal while the new facility is built, and Caterpillar plans to train its current workforce to move to the new site. The company expects the new plant to incorporate advanced manufacturing technologies, automation, digital production systems, and integrated logistics capabilities.

Caterpillar chose North Carolina due to its 'longstanding presence in the state, the strength of the local workforce, and the opportunity to build on existing manufacturing expertise and operations in Sanford.'