Caterpillar to Invest $1 Billion in North Carolina for Compact Equipment Expansion

Key Facts

Caterpillar Inc. intends to invest approximately $1 billion in North Carolina to expand manufacturing capacity for its Cat Compact business. The company said in a statement via PR Newswire that the investment aims to provide customers with faster access to machines for infrastructure and residential construction while supporting the growth of the Cat Compact business segment.

The project includes plans for a new modern manufacturing facility in Sanford to increase production of compact track loaders and telehandlers. CAT closed at $826.64 on September 29, 2026, with the stock trading between a low of $815.5 and a high of $829.74 during that session prior to the expansion announcement.