Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Deere & Co mower production to move from Iowa to Mexico plant

Published 07/29/2022, 12:18 PM
Updated 07/29/2022, 12:21 PM
© Reuters. FILE PHOTO: The leaping deer trademark logo is seen on John Deere equipment at a dealership in Taylor, Texas, U.S., February 16, 2017.  REUTERS/Mohammad Khursheed/File Photo

MEXICO CITY (Reuters) - U.S. farm equipment maker Deere (NYSE:DE) & Co will be moving production of mower conditioners, which are tractor attachments with rolling discs to cut and crush hay, from a factory in Ottumwa, Iowa, to an existing plant in Mexico over the next 18 months, the company said.

The company told Reuters late on Thursday the number of employees impacted by the move from the Iowa plant would depend on several factors, but that around 80 worked on the mower-conditioner production line with support from 10 salaried employees.

The plant in the northern Mexican city of Monterrey already makes "hay and forage" attachments, according to a John Deere spokesman, and the move was motivated by the desire to make all of the equipment in that category in the same place.

Deere & Co is also "forming a team to develop and propose plans to revitalize the Ottumwa Works operations for the future," spokesman Dan Bernick said in a statement.

In June, the agriculture equipment maker said it would move cab production from Waterloo, Iowa, to another Mexican plant.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.