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Caterpillar Inc. closing tunnel-boring plant in Toronto next year

Posted: 5/8/2013 | Views: 171

Heavy equipment giant Caterpillar Inc. says it is closing a tunnel-boring machine factory in Toronto by mid-2014, throwing 330 workers out of a job. Caterpillar acquired the facility in 2008 when it bought Lovat Inc. and got into the tunneling business, but now says the plant is no longer a “strategic growth opportunity” and will be shut down.

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Source: Ottawa Citizen

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