Deere Plans $90 Million Upgrade in Waterloo

Tools

By Becky Ogann

Story Created: Feb 28, 2008 at 9:52 AM CST

Story Updated: Feb 28, 2008 at 9:52 AM CST

WATERLOO (AP) - Deere & Co. will invest $90 million in its Waterloo plant to expand manufacturing capacity for large, high-horsepowered tractors.

The company, based in Moline, Ill., announced the plans on Thursday, saying the investment will help it meet continued worldwide market demand for equipment.

Tractors built in Waterloo are exported to more than 130 counties.

Officials say while the project won't add floor space, it will increase the capacity of the Waterloo plant to build big tractors by 25 percent.

The project is slated to be completed in 2010. It follows a multiyear investment of more than $140 million to improve the company's manufacturing facilities in Waterloo, which includes Deere's largest tractor factory in the world.

Next Article For Cedar Rapids, Proposed State Aid Hinges on Local Tax Approval

Conversation Guidelines

Be Kind

Don't use abusive, offensive, threatening, racist, vulgar or sexually-oriented language.
Don't attack someone personally. Keep it civil and be responsible.

Share Knowledge

Be truthful. Share what you know and what you are passionate about.
What more do you want to learn? Keep it simple.

Stay focused

Promote lively and healthy debate. Stay on topic. Ask questions and give feedback on the story's topic.

Report Trouble

Help us maintain a quality comment section by reporting comments that are offensive. If you see a comment that is offensive, or you feel violates our guidelines, simply click on the "x" to the far right of the comment to report it.

read the full guidelines here »

Commenting will be disabled on stories dealing with the following subject matter: Violent crime, sexual abuse, Amber Alerts, Operation Quickfinds and suicides.