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Deere Plans $47M Investment In Moline Plant

Tue, 06/05/2012 - 2:05pm
The Associated Press

MOLINE, Ill. (AP) — Deere and Co. plans to invest $47 million to expand manufacturing at its cylinder operations in Moline.

The Moline-based company made the announcement Monday. Deere says the investment will mean significant upgrades in machining tools at the facility but will not require an addition to the physical building. No jobs will be added.

The hydraulic cylinders are used in the company's agricultural, construction and forestry machines sold around the world.

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