Caterpillar Invests $90M into Plants in Seguin and Schertz

SAN ANTONIO – Caterpillar, a renowned heavy machinery and engine manufacturer, has announced a major investment in San Antonio area plants. Over the coming months, the company has declared plans to invest $90 million into two Texan plants located in Seguin and Schertz.

Caterpillar’s Investment Boosts Local Economy

The investment burst comes in an effort to fuel development and production of a new industrial engine named the C13D Industrial Engine. The capital injection is expected to provide a significant boost to local employment numbers.

Investments in Schertz and Seguin Plants

Breaking down the whopping $90 million investment, Caterpillar plans to inject $70 million into its Schertz facility. This funding will be primarily used to manufacture components crucial to the C13D Industrial Engine’s assembly. Caterpillar’s bold strategy aims to increase the plant’s production capacity as well as enhancing the overall performance of the engines.

On the other hand, an additional $20 million will be spent on upgrading Caterpillar’s Seguin facility. Tasks of assembling the newly manufactured engines will be carried out in this location. This solid capital investment is set to bolster Caterpillar’s production of engines aligning with industry demands.

Boosting the Local Job Market

With this formidable investment, job seekers in the San Antonio area have reason to be hopeful. The flow of capital promises to bring along with it a wealth of employment opportunities. Caterpillar currently employs around 2,200 workers across its various facilities in the greater San Antonio area.

Positive Impact on Texan Manufacturing Industry

This substantial investment from Caterpillar spells good news not just for the local economy, but for the wider Texan manufacturing industry. As a pioneer in the field of heavy machinery and engine manufacturing, Caterpillar’s push to innovate and expand its engine production can inspire other companies in the sector to follow suit.

Looking forward, the company’s confidence in the suitability of the Texan economy for manufacturing activities can attract other major companies to the region, thereby further solidifying Texas as a major center for US manufacturing industry.

Conclusion

This huge investment from Caterpillar signals confidence in the Texan economy and provides a major boost to local communities in Schertz and Seguin. Between the promise of new jobs to increased economic activity, the influence of Caterpillar’s investment into the future of these locales is likely to be felt for years to come.