Caterpillar announces $1 billion Sanford manufacturing investment

Caterpillar Inc. announced early Wednesday that it plans to invest approximately $1 billion in a new Sanford manufacturing facility expected to create more than 1,950 jobs, revealing the company behind the previously code-named Project Paragon. The new facility will expand manufacturing capacity for Caterpillar’s growing Cat Compact business and increase production of compact track loaders and ...