MOLINE, Ill. (AP) -- Deere & Co. said Thursday it will invest nearly $180 million in U.S. and Brazil plant expansions to meet rising global demand for its tractors and other farm machinery.The agricultural equipment maker said it will invest $97 million to expand high-horsepower tractor manufacturing capacity by about 40 percent in Waterloo, Iowa. The equipment is exported to more than 130 countries.
About 103,000 square feet will be added to the drive train operation and improvements will be made to Deere's foundry, engine and drive train operations.
Part of the investment also will be used for improvements at a plant in Coffeyville, Kan., where transmissions and other drive train components are built.
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