Fresh off releasing plans for a new facility in Thailand, Caterpillar says an expansion is underway at a Victoria, Texas plant.
The new plans released Friday show an additional $70 million investment has been put toward the project, originally announced in 2010.
Caterpillar says it will be adding 200,000 square feet to the existing 850,000 square foot operation in order to increase space for excavator production.
"Based on our analysis of where customer demand is moving for excavators in the years ahead, it makes sense to increase capacity in Victoria now, so that we can better serve our customers," said Gary Stampanato, Caterpillar vice president. "In addition, we have also determined Victoria is the right location to produce selected fabrications for the excavators that will be assembled in this new facility."
Once the Victoria plant is fully operational, it is expected to produce seven excavator models, triple the current capacity of hydraulic excavators.
"We continue to aggressively increase our excavator manufacturing footprint with investments like this as part of Caterpillar's long-term strategic initiative to remain the global leader in this industry," said Rich Lavin, Caterpillar group president.