Caterpillar Inc. to Expand Texas Plant Under Construction & Add 100 More Jobs
06/20/2011
Prior to this announcement, the project was scheduled to be a $130-million, 850,000-sq.-ft. plant. (Caterpillar had received a $1.18 million grant from the Texas Enterprise Fund due to its commitment to build in the state.) Now Caterpillar will invest $70 million more and gain 200,000 square feet. The heavy equipment maker, based in Peoria, Illinois, explained that a higher demand for excavators is responsible for the expansion project.
Production is expected to begin in mid-2012. After becoming fully operational, it's anticipated the plant will at least triple Caterpillar's excavator manufacturing capability.
Recently Caterpillar VP Gary Stampanato explained that Victoria was chosen as the ideal site for the excavator plant due to its proximity to the company's supply base, access to ports and other transportation, as well as "the positive business climate in Texas."
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024