Caterpillar to spend $50 million expanding Fargo remanufacturing plant, adding 250 workers
Global giant Caterpillar Inc. announced on Monday plans to significantly expand its remanufacturing facility in West Fargo, North Dakota. The increased capacity will help meet the strong demand for remanufactured drive train components for large off-highway trucks and other mining equipment, including final drives, transmissions, torque convertors and steering clutches.
The $50 million investment will include a 225,000-square-foot addition that will house increased production capacity for high-tech machining and metal additive processes, as well as a state-of-the-art metallurgical lab. 85-year old Caterpillar boasts annual sales in excess of $40 billion.