Caterpillar Announces Capacity Expansion Plan

Caterpillar Inc. recently announced a multi- year capacity expansion plan to their factories in Illinois. The company will invest more than $1 billion from 2008 through 2010 in five existing facilities in East Peoria, Joliet, Decatur, Aurora and Mossville, Illinois.

“This restructuring and capital investment in critical North American operations demonstrates our optimism about the global markets we serve and Caterpillar’s long- term commitment to our employees, our customers and our stockholders,” Caterpillar chairman and CEO Jim Owen said.