Deere to Invest in South American Operations

Aug. 28, 2008
Approximately $80 million will be invested in agricultural manufacturing and parts distribution operations in Brazil.

Construction and agricultural equipment maker Deere & Co. announced today that it will invest approximately $80 million in its agricultural manufacturing and parts distribution operations in Brazil to increase manufacturing capacity for both tractors and combines as well as to improve service to customers.

The investments were being made in its combine and planter factory in Horizontina, its tractor factory in Montenegro, and for the development of a new parts distribution center in Campinas.

"South America is an important market for John Deere," said Mark von Pentz, president of the company's agricultural division for Europe, Africa, South America and global harvesting equipment sourcing. "These investments will assist Deere as we continue to enhance our market position in this important region."

The investments will allow Deere to increase manufacturing capacity by approximately 35% in its Horizontina and Montenegro 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.

All projects are expected to be substantially complete in 2009, and include include the creation of a parts distribution center to improve service to the company's growing dealership network across Brazil and other portions of South America.

They add to Deere's recent series of announced actions to meet the continued worldwide demand for agricultural equipment, including additional manufacturing capacity in Waterloo, Iowa, for high horsepower tractors and in East Moline, Illinois, for combine harvesting equipment.

See Also

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!