John Deere expanding in Brazil

Sep 10, 2013

Deere and Company is planning a major expansion in Brazil. Monday the company announced it will spend 40 million dollars to add production of another line of tractors, the 8-R, at its plant in the city of Montengro. 

Spokesman Ken Golden says demand is growing in Brazil for higher horsepower models like the 8-R.

"This is true across the world as far as high production agriculture uses our larger tractors, the 8-R, the 9-Series for the real work horse activity that goes on in high production farming."

The five-year old plant already manufactures three smaller models, the 5,000, 6,000, and 7,000 series. Golden says this expansion in Brazil will not affect production or employment at the Waterloo, Iowa plant where several lines of tractors, including the 8-R, are now being made. 

John Deere first came to Brazil in 1979, when it invested in a joint venture in the country. In 2008, it announced plans to build its own factory.