Cat Announces Investment in New India Facility

By Katie Parr

Cat Announces Investment in New India Facility

November 30, 2011 Updated Nov 30, 2011 at 11:39 AM CDT

CHENNAI, INDIA-- Less than a month after it announced major investments in local facilities, Caterpillar is at it again--this time, in India.

The world leader in construction and mining equipment says it will be investing $150 million in a new, state-of-the-art manufacturing facility in India that will specialize in producing Perkins branded engines.

Perkins is a wholly-owned subsidiary of Caterpillar. 

Additionally, Cat says it will invest an additional $62 million into existing off-highway truck manufacturing facility in the same city. 

"The Government of India has embarked on an aggressive plan to accelerate road construction and overall infrastructure development, and Caterpillar and our dealers are continuing to make investments in India to support these growth plans," said Caterpillar Group President Rich Lavin.

A location has not yet been determined for the new facility. 

Cat currently has three manufacturing facilities, a logistics services base, and a research and development center in India.