Caterpillar Bets on the Construction Equipment Market! 1 Billion USD for a New Plant in North Carolina!
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Billions Investment: Caterpillar builds a new plant in Sanford, North Carolina for about 1 billion USD Vertical Integration: Acquisition of the traditional dealer Fabick Cat secures direct access to the service and spare parts market Technology Boost: Partnership with FieldAI brings physical AI and Nvidia technology to construction sites The world's largest construction equipment manufacturer Caterpillar (i)(CAT) is strategically positioning itself for the coming decade. Through large investments, a rare distribution acquisition, and...
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