Quad Cities-based Deere and Company, which has plants in five Iowa cities, is announcing plans to build another factory in China. The Moline, Illinois-based ag and construction equipment maker says the factory will manufacture engines for John Deere equipment being built in China.
The $60 million factory will be located in an area in which Deere already has other facilities. The engine plant announcement comes just a week after Deere announced it would build a new $80 million plant in China to produce mid- and large-sized tractors, sprayers, planters and harvesting equipment.
The engine factory will be the company’s sixth engine factory worldwide. Deere estimates it could start production in late 2013.
By Phil Roberts, Davenport