My coworkers brother runs that plant for Deere. He is shocked by the demand in the US. In 2008 they were down to 1 shift/day, then 2 and now 3 shifts 4days/week with the others for cleanup etc that actually keep the plant more efficient.
What their engineering is working on now is hybrid/battery tech. Even though the release states it will not add new jobs that is based on the belief that the expansion will allow then to end the 3rd shift which is their least productive and rotate staff to two shifts. Based on their backlog he doubts that will happen.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.