Caterpillar Inc plans to invest almost $700-mn over the next four years to start producing mining shovels and expand production of its trucks at plants in Illinois and India. The world’s largest maker of construction and mining equipment plans to add a new mining shovel production line at its Aurora, Ill, plant and expand truck production in Decatur, Ill, and Chennai, India. The new mining shovels will range from 125 tonne to 800 tonne. The 125 tonne shovels are expected to be available in 2011 with larger models following in 2013 and 2014.
Contact: Caterpillar Inc. Website: www.cat.com