(Updates with factory dimensions in the second paragraph.)
Feb. 17 (Bloomberg) -- Caterpillar Inc., the world’s largest maker of construction and mining equipment, will build a plant to manufacture small tractors and excavators near Athens, Georgia, which will employ 1,400.
Caterpillar will invest $200 million in the one-million- square-foot factory, which will support an additional 2,800 jobs in the U.S. at suppliers and supporting companies, the Peoria, Illinois-based company said in a statement today.
Caterpillar received inquires from more than 20 states seeking investment from the company, Chief Executive Officer Doug Oberhelman said in May. Last year he said that Illinois legislators had created an “unfriendly” business climate by approving measures including a 46 percent increase in the state’s corporate income tax.
Oberhelman is shifting production of the machines to the U.S. from Japan to be close to customers, the company said in November.
Caterpillar is building and expanding factories as demand for trucks and shovels used in mines rises and old equipment is replaced in the U.S. and Europe. The factory will produce track- type tractors and mini-hydraulic excavators.
--Editors: Jessica Resnick-Ault, Jasmina Kelemen
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