John Deere is making a long-term commitment to invest across its many business segments in the next decade.
Deere announced at its recent quarterly earnings meeting to commit $20 billion in investments companywide, including expansions at its Greeneville, Tennessee facility that manufactures turf maintenance equipment, the company said.
The plan includes investing $100 million in Deere plants nationwide, including $15 million and 25 new jobs at the Greeneville plant for expanded zero-turn mower manufacturing, according to the Tennessee Department of Economic and Community Development.
The Greeneville facility employs about 600 people.
Among other projects is a 120,000-square-foot expansion of Deere's remanufacturing facility in Stafford, Missouri. Remanufacturing involves taking used, worn-out products and restoring them into like-new condition.
Other projects are construction of a new excavator factory in Kernersville, North Carolina and new assembly lines for a high-horsepower tractor in Waterloo, Iowa.
The company employs more than 30,000 across the U.S.