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Deere Building Tractor Factory in Brazil
NEW YORK - Oct 13/04 - SNS -- Deere & Company will build a new tractor factory Montenegro, Rio Grande do Sul, in Brazil.
The new facility will manufacture farm tractors while Deere's existing factory in Brazil will focus on combines and planting equipment.
John Deere equipment manufactured in both the existing facility and the new factory in Brazil will continue to be exported to other markets. Deere said it expects the factory in Brazil to be in full production by the second half of 2006.
John Deere tractors built in the new factory will be manufactured on the company's global product platform, which allows for efficiency in design and manufacturing costs. The global product platform is already in place in the company's seven other tractor factories, which are located in Augusta, Georgia and Waterloo, Iowa, in the U.S. and Mannheim, Germany; Pune, India; Horizontina, Brazil; Saltillo, Mexico; and Tianjin, China.
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