PEORIA, Ill. - Caterpillar Inc. said Thursday it will spend $1 billion over the next two years to expand capacity in five of its Illinois factories, and will shift production at some of its plants. The company did not specify how many jobs, if any, would be affected by the changes. Peoria-based Caterpillar, one of the world's largest heavy equipment manufacturers, said the expansion is necessary to meet demand for machines used mostly in mining and large infrastructure projects. "This is certainly very positive news for the Illinois communities where we operate as we invest today to...
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