Caterpillar Inc (CAT)

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Caterpillar Celebrates Grand Opening of New Hydraulic Excavator Facility in Victoria, Texas

The new factory is the most recent expansion for Caterpillar in the United States and is expected to employ about 800 people once it is fully operational

When operating at full capacity, the new Victoria facility will more than triple the current capacity of hydraulic excavators produced by the company in the United States. The excavators to be produced in Victoria are now made at a Caterpillar facility in Aurora, Illinois, and at a Caterpillar facility in Akashi, Japan. Expanding capacity in the United States at the new Victoria location will position Caterpillar to better serve North American excavator customers with a single, dedicated facility. In addition, the Caterpillar facility in Aurora will then focus on other products while the facility in Akashi will be more focused on serving customers in Asia.

https://www.prnewswire.com/news-releases/caterpillar-celebrates-grand-opening-of-new-hydraulic-excavator-facility-in-victoria-texas-167193785.html