Deere & Company will invest $70 million to expand the manufacturing capacity in its Waterloo, Iowa, operations, where the company builds large farm tractors.
The $70 million investment will increase capacity by more than 10 percent. Once the improvements announced today are completed, enhancements to John Deere facilities in Waterloo since 2002 will have increased manufacturing capacity for large tractors by more than 50 percent.
Tractors built in Waterloo are shipped to more than 130 countries each year. Approximately 6,000 individuals are employed in John Deere’s various Waterloo operations.
For more information, visit johndeere.com.