Caterpillar invests $90 million in Texas

News Story
- 30 May 2024 ( #1181 ) - Irving, TX, United States
1 min read
Production of the new engine will begin next year
Production of the new engine will begin next year

Caterpillar will spend USD90 million to upgrade two plants in Texas so they can begin manufacturing the new C13D industrial engine for materials handling, construction, mining and aircraft ground support equipment.

The company says the investment includes USD70 million for its Schertz plant to make C13D engine components and USD20 million for its Seguin facility to assemble the engines. 

The new equipment installations will not impact current operations, which include manufacturing Cat and Perkins engines and generator sets. 

C13D engine production is scheduled to begin in 2026, creating 25 new jobs at Schertz.

"The Caterpillar team in Texas will produce the quality parts and engines we need for our customers as we help them build a better more sustainable world," says Mark Stratton, vice president and general manager of Caterpillar's Industrial Power Systems - Large Engines.

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In this week’s Forkliftaction News we look at the October Confidence Index for the US Equipment Finance Industry - a measure of the health of the materials handling and logistics sectors - which has remained steady month-on-month... Continue reading

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