PEORIA, Ill. (AP) - Caterpillar Inc. says it will spent $640 million to upgrade plants in East Peoria and Decatur, creating 300 new jobs. A company spokesman tells the (Peoria) Journal Star that Caterpillar will make more tractors in East Peoria and more trucks in Decatur. Friday's announcement comes two months after Caterpillar said it would spend $200 million to modernize part of its East Peoria plant. The company also said Friday that it would seek to buy a Chinese maker of mining machinery for as much as $886 million. That deal needs the approval of China's Ministry of Commerce and other regulators.
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