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Published:
Deere to Invest in Manufacturing Capacity, Parts Operations in South AmericaMOLINE, Ill., Aug. 28 /PRNewswire-FirstCall/ -- Deere & Company announced
today that it will invest approximately (Logo: http://www.newscom.com/cgi-bin/prnh/20030326/JOHNDEERELOGO) The company said the investments were being made in its combine and planter factory in Horizontina, its tractor factory inMontenegro, and for the development of a new parts distribution center in Campinas. "South America is an important market for John Deere," said The investments will allow Deere to increase manufacturing capacity by approximately 35 percent in its Horizontina andMontenegro factories. The funds will improve manufacturing flexibility, optimize the use of assets and improve aspects of the factory layout and assembly lines. Investments will also assist suppliers to improve capacity and logistics. The projects also include creation of a parts distribution center to improve service to the company's growing dealership network acrossBrazil and other portions ofSouth America. All projects are expected to be substantially complete in 2009. They add to Deere's recent series of announced actions to meet the continued worldwide demand for agricultural equipment, including additional manufacturing capacity inWaterloo, Iowa, for high horsepower tractors and inEast Moline, Illinois, for combine harvesting equipment. John Deere (Deere & Company; NYSE: DE) is the world's leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment and innovation around the globe. SOURCE Deere & Company Tags: ,TRN,AGR,HSP,IL-Deere-Invests _ _     Is your favorite bookmark site missing? Ask for it. |
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