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Caterpillar is planning a $725 million investment in Indiana.
The construction equipment manufacturer, which moved its headquarters from suburban Chicago to suburban Dallas two years ago, is expanding its Lafayette Large Engine Center with the largest capital investment since the facility opened in 1982.
The project is intended to increase Caterpillar's ability to manufacture new engines and aftermarket parts to keep up with rising demand. It will spend several years building a new building on the campus, bringing on new equipment, refurbishing existing equipment and expanding the campus' footprint.
The expansion will allow it to build and test new engines, aftermarket components and genset packages.
“We’re excited for the opportunity to further invest in our Lafayette Engine Center to continue to deliver for our customers,” said Bart Myers, Caterpillar senior vice president of large power systems, who has responsibility for the Lafayette campus. “We are grateful to the State of Indiana, the City of Lafayette and Tippecanoe County for their support as we make this investment to ensure adequate capacity while enhancing safety for our employees.”
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Caterpillar forecasts increasing demand for backup power for data centers, which are being constructed across the country because of increased data use of artificial intelligence and cloud computing.
A look back at Northwest Indiana businesses that closed in 2023
A look back at Region businesses that closed in 2023
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Beer Geeks, one of the Region's first, most beloved and most influential craft beer bars, closed after more than a decade and is being reimagined as a new concept.
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88-year-old White Castle in Whiting, one of Chicago area's first, coming down to be replaced with new restaurant
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The landmark 88-year-old castle-shaped White Castle in Whiting is coming down to be replaced with a newer, larger, more modern White Castle restaurant.
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Silver Bullet Bar in downtown Crown Point closes
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A longtime staple in downtown Crown Point poured its last drink.
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Westforth Sports gun shop in Cal Township closing after 66 years
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The longtime Westforth Sports gun shop is closing.
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Lansing plant to close, laying off 274 workers
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The Silver Line Building Products plant at16801 Exchange Ave. will be shuttered permanently.
Localbusinesses
Highland's Brewfest to pour last beer, eying move to Lowell
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Brewfest in Highland will close in what's been called "an end of an era."
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David's Bridal files for bankruptcy, could close all stores
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David's Bridal filed for bankruptcy and could close all stores if no buyer emerges to save it.
Whiting News
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88-year-old Whiting White Castle will end up on display in museums in Illinois and Indiana
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The 88-year-old Whiting White Castlewill be remembered with displays at museums in two different states.
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88-year-old Whiting White Castle serves last sliders to nostalgic crowd
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For years, the "millionaire's club" met every morning in the corner booth of the historic 88-year-old White Castle at Indianapolis Boulevard and 119th Street in downtown Whiting. The landmark restaurant served its final slider Tuesday.
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One of Northwest Indiana's most popular and enduring hobby shops is looking for a buyer after the longtime owner died.
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J&L This N That Consignment Shop, a popular thrift store, closed in downtown Whiting after a run of several years.
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Calumet Fisheries temporarily closed after failing health inspection
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A Calumet Region institution, Calumet Fisheries on the far South Side of Chicago, is temporarily closed after failing a city health inspection.
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Calumet Fisheries suffers fire shortly after reopening after health inspection closure
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Just days after reopeningafter city health inspectors shut it down, Calumet Fisheries suffered a major fire.
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Pepe's Mexican Restaurant is no mas in Valparaiso after 43 years
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Pepe's Mexican Restaurant is no mas in Valparaiso.
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Former Beer Geeks bar closes after rebranding
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Beer Geeks in Highland rebranded as B-Side Bar & Lounge and then closed within a few months.
Business
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Bed Bath and Beyond to close Valparaiso store and multiple Chicagoland locations, leaving just one Region location left
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Troubled retailerBed Bath and Beyond will permanently close its Valparaiso location as it shutters more stores nationwide as it looks to restructure and shrink its footprint to save the struggling business.
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Peoples Bank closes downtown Hammond branch
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Peoples Bank has shuttered its branch in downtown Hammond.
Business
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Viking Artisan Ales to close Merrillville taproom
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Viking Artisan Ales will soon pour its last craft beer at its Merrillville taproom.
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Old Chicago Pizza & Taproom is closing after 15 years at one of Northwest Indiana's most prominent highway interchanges.
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Walmart closing Homewood store
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Walmart is closing its big-box store in Homewood.
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Chicago Auto Show returns with smaller footprint, no Camp Jeep track
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The Chicago Auto Show, the nation's largest auto show, returns to McCormick Place Saturday, running through Feb. 19.
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Munster-based Land O'Frost laying off 215 workers in Chicago
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Munster-based Land O'Frost, the packaged lunchmeat giant, is laying off 215 workers in Chicago and shuttering a plant it acquired two years ago.
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Ginuwine to trot out hits like 'Pony' at Festival of the Lakes
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Ginuwine will trot out hits like "Pony" at Festival of the Lakes.
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