- New large tractor initiative will invest approximately $97M in areas that are core to the business and offer a competitive advantage, such as the Waterloo foundry, engine, and drive train operations
-In combination, the projects will increase John Deere's manufacturing capacity to build high horsepower tractors in Waterloo by about 40% and increase capacity for other tractor components and service parts. The company said both projects are expected to be complete by early 2010.
- Will also invest approximately $80M in its agricultural manufacturing and parts distribution operations in Brazil to increase manufacturing capacity for both tractors and combines as well as to improve service to customers.
- The investments will allow Deere to increase manufacturing capacity by approximately 35% in its Horizontina and Montenegro factories.
- The project is expected to be substantially complete in 2009.

Other headlines for [DE]

• DE Yesterday 05:26pm
  Deere and Co John Deere to participate in the FDIC's TLGP program- On December 4, 2008, John Deere Capital Corporation, its parent company John Deere Credit Company, and FPC Financial, f.s.b. elected to continue more...
  
• DE 11/26/2008 10:08am
  Deere and Co Executive: Sees difficult markets in construction sector; trims 2009 farm receipts expectations to $324B -conf call- Have yet to see orders canceled in the US or Canada
  
• DE 11/26/2008 09:39am
  Deere and Co Update: Shares of DE, AG cut to market perform at Wachovia- pre-open - Shares of CRZ cut to underperform from market perform
  
• DE 11/26/2008 09:10am
  Deere and Co Exec: We have not drawn on our $4.5B line of credit - conf call
  
• DE 11/26/2008 07:00am
  Deere and Co Reports Q4 $0.89 v $0.99e (ex-shutdown charge), R $7.40B v $6.84Be- Guides FY09 equipment sales 'about flat' and Q1 equipment sales 'about +7% y/y' - Forecast includes negative more...
  

Industrials sector headlines

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• MTD Today 08:16am
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• CMI Today 08:02am
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