John Deere & Company Invests $58 Million To Enhance Moline, Illinois, Seed Plant
11/27/2012
The investment will be made in conjunction with the implementation of a new factory master plan that targets enhancements that will produce efficiency and quality. Improvements include the addition of a new paint system and increased use of automation and robotics, the firm said.
"This investment reflects the past success of John Deere Seeding and prepares the factory to further serve customers in the future," said John May, President, Agricultural Solutions. "Deere continues to invest in facilities both in the U.S. and around the world to enhance our position as the world's largest manufacturer of agricultural equipment."
John Deere originally started manufacturing planting equipment in 1877 and has maintained operations at the current John Deere Seeding location in Moline since 1879. John Deere Seeding currently has approximately 800 employees in Moline and does not anticipate a significant change to total employment as a result of today's announcement, the firm said.
"Our employees at John Deere Seeding have served customers well and responded to the needs of the marketplace," May said. "Our investments at John Deere Seeding are focused on helping agricultural equipment customers succeed in the important work of feeding the world."
Deere & Company already received $7.28 million in state tax credits based in job creation at its Illinois facilities.
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