Caterpillar, backhoe loader, grader, excavator--Caterpillar to build new facility in Brazil

Caterpillar Inc., the world's largest maker of construction and mining equipment, said Tuesday it plans to build a new manufacturing facility in Brazil to meet growing customer demand throughout Latin America. Caterpillar said the move is part of its long-term strategy to expand its global manufacturing operations, noting it has seen a particularly strong economic recovery in Latin America over the last year.