MOLINE, Ill. (AP) — Deere & Co. plans to invest $80 million in a new agricultural equipment manufacturingplant in northeast China to help meet increased demand in the region.
Deere, based in Moline, Ill., announced the new plant Wednesday morning as it released its quarterly earnings report.
The factory will be located in Harbin in the Heilongjiang Province where the company already runs John Deere Jiamusi Works.
The new factory will build mid- and large-sized tractors, sprayers, planters and harvesting equipment. It will be Deere's seventh manufacturing plant in China although two of the existing plants are joint ventures.
The new factory is expected to begin making Deere equipment in late 2012.