Caterpillar to boost Chennai plant capacity

(Chennai, India) — US mining and construction equipment giant Caterpillar is investing in doubling its capacity at its truck manufacturing plant in Chennai, that will help it serve the increasing demand in India as well as other parts of Asia.

In a bid to start production of mining shovels and expand output of trucks at plants in Chennai and Illinois, Caterpillar is planning to invest $700 million over the next four years.

The truck capacity of the Indian plant will double to help Caterpillar meet the increasing demand in commodity-rich developing regions like Asia. It plans to increase capacity for 60 and 100-tonne trucks at its existing facility near Chennai.

Source: http://stockmarkettoday.in/2010/07/05/caterpillar-to-boost-chennai-plant-capacity/

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