Caterpillar Inc. will build a its first manufacturing plant in Thailand to produce trucks and loaders for underground mining. It’s the first capital project this year for the construction and off-road equipment builder, which unveiled an extensive series of plant expansions and construction projects during 2010. Caterpillar also last year announced a $7.6-billion takeover of mining equipment manufacturer Bucyrus Corp.
No estimate for the new project’s capital investment was announced.
“We continue to make strategic investments in our mining business to support our customers,” according to Caterpillar Global Mining president Chris Curfman.