I guess it depends on what you mean by "Individualism". It might be best to define it, before we can discuss it.
One thing for sure -- Catholicism doesn't teach that individuals are just cogs in a big machine. Souls are individually created, each with specific talents and a purpose planned by God.
As Tele pointed out, there is such a thing as justice and rights of the individual.
Liberalism exaggerates those rights (e.g., Freedom of Speech, Freedom of Religion, etc.)
But individuals have rights that stem from the Natural Law which is God's design for mankind in this world. So, for example, men have a natural right to marry and have children -- as many as God sends. Communist China and the Fascist environmentalists would tread upon this right.
Also, men have a right to educate their children, worship God, and other rights.