Caterpillar Inc. to Build Giant Axle Assemblies

Mining Truck 55206.jpgCaterpillar Inc.’s Resource Industries Group plans a $426 million investment at a 100 acre site in Forsyth County, NC. North Carolina Governor Beverly Perdue and company officials made the formal announcement on July 30, 2010 at the campus of Forsyth Technical Community College.

Construction is expected to begin in early November, on an 850,000 sqft state-of-the-art manufacturing facility for the machining, assembly, test and painting of axle assemblies for large mining machines. The building will be for both production machining and assembly of axles that will be 30 feet long and weigh 50 tons. Each machine tool can cost millions of dollars and requires highly specialized training, with production at the facility beginning in the first quarter 2012.
Unlike Dell Inc.’s computer-assembly plant next door, Caterpillar’s advanced components & systems division manager, Michael Murphy, said: “When you put these kinds of machine tools in, they’re here for a long time,” The company plans to create 392 full-time and 118 contract employees within five years, with an overall average wage of $40,482 a year, plus benefits. The state is offering a total of $53 million in incentives, of which Forsyth Technical Community College would get $862,400 for the training of workers.

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