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It says the facility is hampered by Europe's low growth prospects and labor costs that are so high that "it currently costs less to import machines to Europe from some other Caterpillar locations than to produce them in Gosselies."
The Belgian plant, one of Caterpillar's largest globally, produces hydraulic excavators, loading vehicles, engine parts and components.
The Peoria, Illinois-based company is the world's largest maker of construction and mining equipment. | 
