Construction is scheduled to begin on a new Caterpillar manufacturing plant in Thailand this year.
Caterpillar, Inc. announced Wednesday that the new facility will specialize in producing medium-sized tractors, a favorite of worldwide construction projects.
"We are pleased to announce the expansion of Caterpillar's manufacturing operations in Thailand... particularly as we sharpen our focus on meeting long-term customer demand in growth markets," said Tom Bluth, Caterpillar vice president.
The Hemaraj Rayong Industrial Land in Rayong Province will be home to the new Caterpillar manufacturing plant and is expected to employ approximately 900 people.
Rich Lavin, Caterpillar Group President says there is a long-term trend in urbanization around the world, leading to a growing demand in construction equipment.
"This facility will help to position Caterpillar for continued leadership in the construction industry," said Lavin.
In addition to the new plant, Caterpillar says construction on its Underground Mining facility is currently underway.