Quantcast
 
Learn to trade in these market conditions - Click here Just Released!


 

BRIEF: Deere to move more production to Horicon

Tue. September 02, 2008; Posted: 09:40 PM
Stocks RSS
Sep 02, 2008 (Milwaukee Journal Sentinel - McClatchy-Tribune News Service via COMTEX) -- DE | Quote | Chart | News | PowerRating -- Sep. 2--Deere & Co. will add production to the company's plant in Horicon after closing a manufacturing facility in Welland, Ontario, Deere announced today.

The Horicon factory will produce the Gator utility vehicle, an open-air vehicle used for farm work or off-road driving. The plant already makes other models of the product and riding lawn mowers.

Other operations from the Welland closure will move to Monterrey and Saltillo, Mexico.

About 800 jobs will be affected by shuttering operations in Welland, and the company estimates that it will accrue $90 million in after-tax charges. The move should improve efficiency and profitability, Deere said in a release.

To see more of the Milwaukee Journal Sentinel, or to subscribe to the newspaper, go to http://www.jsonline.com. Copyright (c) 2008, Milwaukee Journal Sentinel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

For full details on Deere & Co (DE) click here. Deere & Co (DE) has Short Term PowerRatings of 5. Details on Deere & Co (DE) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [DE]
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2008 The Connors Group, Inc.