Caterpillar Inc. plans to spend $1 billion constructing a new assembly facility in Sanford, North Carolina. The project will increase manufacturing capacity for compact track loaders and telehandlers. The company has maintained a factory presence in Sanford since 1998.
What it means
Caterpillar selected the site because of its established operations there, the local labor pool, and existing manufacturing skills in the area. Rod Shurman, president of the Construction Industries Group at Caterpillar, said the expansion addresses rising demand for compact equipment. He noted the company is investing to “better serve this growing segment of customers.”
The new plant will use automation, digital production systems, advanced manufacturing technologies, and integrated logistics. Shurman stated the investment creates a modern environment designed to improve safety, quality, and operational performance while supporting long-term growth. The equipment produced serves construction, landscaping, agriculture, and material handling sectors.
Key facts
- $1 billion: Planned investment for the new assembly plant.
- Sanford, NC: Location of the new facility.
- Compact track loaders and telehandlers: Equipment to be produced.
- 1998: Year Caterpillar began operating a factory in Sanford.
- Advanced manufacturing technologies, automation, digital production systems, integrated logistics capabilities: Technologies to be incorporated.
- Rod Shurman: President of the Construction Industries Group at Caterpillar.
Source: Caterpillar Inc. news release