Outdoor power equipment OEM Deere & Company will invest $100 million in the modernization of the John Deere Foundry in Waterloo, IA.
The improvements will take place over the next 4-5 years and will enable the company to leverage more advanced casting designs and manufacturing technologies.
"The enhancement of our foundry operations follows recent investments in the Waterloo Works to improve manufacturing capacity and flexibility. This integrated approach at John Deere in the design and manufacturing of large row crop and four-wheeled-drive tractors is a competitive advantage," said David C. Everitt, president, Worldwide Agriculture & Turf Division – North America, Asia, Australia, Sub-Saharan and South Africa, and Global Tractor and Turf Products.
to Daily News