Caterpillar will be breaking ground for their new state-of-the-art hydraulic excavator manufacturing facility in Victoria, Texas, next month. The 600,000-sq.-ft. manufacturing plant is expected to be operational by the middle of 2012. Caterpillar manufactures a wide range of Heavy Equipment for use in construction, by contractors and rental companies.
The new Caterpillar manufacturing facility will triple the current production of hydraulic excavators in the United States, and double the number of CAT manufacturing employees in the U.S. The move is part of Caterpillar’s long term strategy to competitively produce more excavators, with an appropriate global footprint.
“Based on our comprehensive review of possible locations, Victoria’s proximity to our supply base, access to ports and other transportation, as well as the positive business climate in Texas made this the ideal site for this project,” said Gary Stampanato, Caterpillar vice president with responsibility for excavators. “Caterpillar is committed to maintaining its global leadership position in the excavator industry and this new facility in Texas will play an important role in our long-term plans to provide customers in every region of the world with the products and solutions they need to help them with their businesses.”
Caterpillar currently produces two models of excavators, wheel loaders, soil compaction equipment, wheel dozers and components at a factory in Aurora, Illinois. The new manufacturing facility will produce the two excavator models currently made in Aurora, as well as several excavator models that are currently manufactured in Japan, and exported to the U.S. This will allow the Japanese plant to better serve the Asian market. Caterpillar has also recently announced their plans to quadruple excavator manufacturing at their plant in Xuzhou, China to support the growing demand in the Chinese market.
Caterpillar hopes these long-term investments in the excavator markets will support Caterpillar’s global strategy to deliver superior products, and increase share values.Tags: CAT, excavator, Heavy Equipment, Texas