Deere to build new plant in China - KWWL - Eastern Iowa Breaking News, Weather, Closings

Deere to build new plant in China

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MOLINE, Ill. (AP) -- Deere & Co., the world's largest maker of agricultural equipment, will invest $50 million in a new manufacturing plant in China to make construction equipment.

Deere says the new plant will produce four wheel drive loaders and excavators.  It will be the  company's sixth manufacturing plant in China, and it will be near an existing John Deere factory that makes tractor components.

Chairman and CEO Samuel Allen says the new plant will help the company serve Chinese customers and other markets.  The new plant is part of a plan to expand Deere's construction equipment manufacturing capacity globally.

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