Victoria not affected by Caterpillar acquisition
ADVOCATE STAFF REPORT
Jan. 7, 2011 at 5:01 p.m.
Updated Jan. 6, 2011 at 7:07 p.m.
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An acquisition that led Caterpillar to shelve production plans at its Aurora, Ill., site will not affect Victoria's incoming hydraulic excavator plant, a company spokesman said.
Caterpillar in June announced it would produce a full range of mining shovels at the Illinois plant, with production beginning in early 2011, according to a company news release. In November, another announcement came that the company will acquire Bucyrus International, Inc., a South Milwaukee-based company that designs and manufactures high-productivity mining equipment.
Now, in an effort to save resources and eliminate the risks that go with internal development, plans at the Illinois location are on hold.
The additional production in Illinois would have created about 300 jobs, according to the news release.
In the meantime, the site will continue producing wheel loaders and excavators. If the Bucyrus deal would fall through, plans will continue on to develop the Illinois shovel program.
The Illinois program involved a product Bucyrus already produced, said Jim Dugan, Caterpillar's chief corporate spokesman. Victoria will not be affected by the business move.
"Bucyrus does not produce hydraulic excavators like those that will be made in Victoria," he said in the e-mail.