Deere to invest $47 million in Moline plant
ASSOCIATED PRESS June 4, 2012 2:40PM
Moline-based Deere and Co. plans to invest $47 million to expand manufacturing at its cylinder operations in Moline.
The 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.