Deere Plans to Expand Manufacturing Capacity for Large Tractors

MOLINE, Ill., March 1, 2012 — (PRNewswire) — Deere & Company said today it will invest $70 million to expand the manufacturing capacity in its Waterloo, Iowa operations, where the company builds large farm tractors that are used around the world. Deere has previously reported strong demand for large tractors and said the investments announced today will increase the number of tractors Deere can build in Waterloo by the middle of 2013.

"Through this initiative, we will increase our manufacturing flexibility and speed," said David Everitt, president of the Worldwide Agricultural & Turf Equipment division.  "The market demand John Deere has experienced for large agricultural equipment has remained strong for several years. We believe the time is right to invest in our facilities to meet future demand for the large John Deere tractors that help our customers meet the world's growing demand for food."

The $70 million investment will increase capacity by more than 10 percent. Once the improvements announced today are completed, enhancements to John Deere facilities in Waterloo since 2002 will have increased manufacturing capacity for large tractors by more than 50 percent.

"The John Deere Waterloo Works are an important part of the company's global manufacturing strategy," Everitt said. "Not only does Waterloo produce whole goods in the form of the large tractors, the operations also manufacture components that are used in John Deere machines built at other facilities."

Tractors built in Waterloo are shipped to more than 130 countries each year and are used by the most productive agricultural producers in North America and around the world. Approximately 6,000 individuals are employed in John Deere's various Waterloo operations. Today's investment is not expected to add manufacturing jobs.

Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.

SOURCE Deere & Company

Contact:
Deere & Company
Ken Golden, Director, Global Public Relations, Deere & Company
Phone: +1-309-765-5678
Web: http://www.deere.com




Review Article Be the first to review this article
What does GIS freedom look like?   Join the #FreeYourGIS webinar series   to find out.

Harris

Featured Video
Jobs
Senior Geographic Information System Specialist for City of Ithaca at ithaca, New York
Information Technologist II for Michigan State University at East Lansing, Michigan
Management Analys for City of Lenexa at Lenexa, Kansas
Pilot for Geomni, Inc at Lehi, Utah
Upcoming Events
Blue Marble User Conference 2018 at Portland ME - Sep 21, 2018
2018 Ohio GIS Conference at Hyatt Regency 350 North High Street Columbus OH - Sep 24 - 26, 2018
C4ISR 2018 at Radisson Blu Hotel Salwa Kuwait - Sep 24 - 25, 2018
Integrated Digital Built Environment (IDBE) 2018 at Singapore - Sep 25 - 26, 2018
University of Denver GIS Program
Teledyne Optech
Teledyne:



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise