$90 million expansion for large HP tractors.$90 million expansion for large HP tractors--Deere & Company plans to invest an additional $90 million in its Waterloo, Iowa Waterloo is the county seat of Black Hawk County, Iowa, United States. As of the 2000 census, the city had a total population of 68,747. It belongs to the Cedar Falls-Waterloo Metropolitan Statistical Area, and is the larger of the two cities, by population. , facilities to expand its manufacturing capacity for large, high-horsepower tractors by 25 percent. A company spokesman said there is a strong global customer demand for tractors that expertly integrate complex electronic and mechanical systems into powerful and versatile machines-the tractors built in Waterloo Waterloo, town, Belgium Waterloo (vä`tərlō), commune (1991 pop. 27,860), Walloon Brabant prov., central Belgium, near Brussels. The battle of Waterloo (see Waterloo campaign) was fought just south of there on June 18, 1815. which are exported to more than 130 countries. The investment includes additional machine tooling, new manufacturing technology, improved work processes and replacement of the current paint system. The new investment comes on the heels of a multi-year 140 million project to modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. and improve efficiencies at the Waterloo facilities, which includes John Deere's largest tractor tractor, in agriculture, vehicle used to pull such equipment as plows, cultivators, and mowers; to power stationary devices such as saws and winches; and to push snowplows and earth-moving implements. factory in the world. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion