NEW YORK Feb 17 Caterpillar Inc
has picked a site near Athens, Georgia, for a plant that will
build small tractors and excavators, investing $200 million to
shift some production from Japan, the machinery maker said on
The facility will employ 1,400 people once it is fully
operational in about five years. Construction will begin this
Another 2,800 jobs will be created among suppliers and other
employers, according to the company and Georgia state officials.
Caterpillar will export small track-type tractors from the
facility. The company moved production from Japan to be closer
to customers in North America and Europe.
Caterpillar said in November it would also consider sites in
Canada and Mexico with good access to ports. It said it did not
expect job cuts at its plant in Sagami, Japan.
Athens was picked because of its proximity to the ports in
Savannah and Charleston, South Carolina.
Big U.S. manufacturers moved their production out of the
country too quickly over the past decades and now see a
competitive advantage in building up their footprints back home,
top executives said this week at an event organized by General
Caterpillar shares were little changed in early trading.