Deere to build 6th plant in China

By Associated Press
Posted Dec. 15, 2010 at 10:36 a.m.

Deere & Co., the world’s largest maker of agricultural equipment, will invest $50 million in a new manufacturing plant in China to make construction equipment.

Deere says the new plant in Tianjin will produce four-wheel-drive loaders and excavators. It will be the MolineĀ  company’s sixth manufacturing plant in China, and it will be near an existing Deere factory that makes tractor components.

Chairman and CEO Samuel Allen says the new plant will help the company serve Chinese customers and other markets. The new plant is part of a plan to expand Deere’s construction equipment manufacturing capacity globally.

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