The closing comes just days after Caterpillar released its 3rd quarter numbers which showed an $11 billion decrease in sales and revenue compared to last year.
At that time, Caterpillar spokesperson Jim Dugan said the demand for mining was down and that as a result, there could be more layoffs on the horizon.
The closure will affect approximately 100 employees. Caterpillar said it will offer full-time employees a severance package and transitional support.
Production of items at the Kilgore plant will be moved to plants in