Caterpillar, upgrade, construction, mining--Caterpillar to Invest $700M in Production Upgrades

Caterpillar Inc. said June 17 that it plans to invest almost $700 million over the next four years to start producing mining shovels and expand production of its trucks at plants in Illinois and India. The world’s largest maker of construction and mining equipment said it plans to add a new mining shovel production line at its Aurora, Ill., plant and expand truck production in Decatur, Ill., and Chennai, India.