Caterpillar Plans $1B Investment for New Sanford Manufacturing Facility
Construction equipment maker Caterpillar Inc. plans to invest $1 billion in North Carolina to expand manufacturing in Sanford. The new facility aims to increase production of compact track loaders and telehandlers. This investment follows local officials approving tax breaks to keep the company's jobs in Lee County.
EconomyPublished Sep 30, 12:00 AMAdded Oct 3, 1:15 AM
Sources (1)
- wral.comSep 30, 12:00 AM