São Paulo – This Tuesday (4), Deere & Company announced that it will build two plants in Brazil, in the interior of the state of São Paulo. The units will make building equipment to be domestically and to other South American countries, according to the company.
The two plants will receive US$ 180 million in investment, of which US$ 124 million will be made by Deere itself. The plants will be located in the city of Indaiatuba. One of the plants, which will be owned by Deere & Company alone, will make backhoe loaders and four-wheel front-end loaders. The other plant will be owned by the company in partnership with Hitachi Construction Machinery Ltd. and will manufacture digger trucks.
Deere already owns operations in Brazil, where it makes agricultural and forestry machinery. The company owns a sugarcane harvesting unit in Catalão, in the state of Goiás, a planter and harvester manufacturing plant in Horizontina, in the state of Rio Grande do Sul, and a tractor factory in the city of Montenegro, in the state of Rio Grande do Sul. The new plants should be built in early 2012 and product manufacturing should start in late 2013.
*Translated by Gabriel Pomerancblum
