BRIEF: Deere to move more production to Horicon

Tue. September 02, 2008; Posted: 09:40 PM

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.

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