Deere & Company

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Deere & Company
Type Public (NYSEDE)
S&P 500 Component
Industry Heavy equipment
Founded 1837
Headquarters Moline, Illinois, U.S.[1]
Key people Samuel R. Allen, Chairman & CEO
Products Agriculture, Construction & Forestry, Consumer & Commercial Equipment, Engines, Financial Services
Revenue US$23.11 billion (FY 2009)[2]
Operating income US$1.365 billion (FY 2009)[2]
Net income US$873.5 million (FY 2009)[2]
Employees 52,022
Website deere.com

Deere & Company, usually known by its brand name John Deere (NYSEDE), is an American corporation based in Moline, Illinois, and the leading manufacturer of agricultural machinery in the world. In 2008, it was listed as 102nd in the Fortune 500 ranking. Deere and Company agricultural products, usually sold under the John Deere name, include tractors, combine harvesters, balers, planters/seeders, ATVs and forestry equipment. The company is also a leading supplier of construction equipment, as well as equipment used in lawn, grounds and turf care, such as ride-on lawn mowers, string trimmers, chainsaws, snowthrowers and for a short period, snowmobiles.

The company's slogan is "Nothing runs like a Deere" and has a picture of a deer as a logo, a word play pun on "nothing runs like a deer."

Additionally, John Deere manufactures engines used in heavy equipment and provides financial services and other related activities that support the core businesses.

The company was founded in 1837 by John Deere, who developed and manufactured the first commercially successful cast-steel plow.

Deere & Company today

As of 2006, Deere & Company employs approximately 47,000 people in 27 countries worldwide, including the United States, Australia, Turkey, Canada, United Kingdom, China, France, Germany, Spain, Italy, India, Poland, Mexico, Morocco and South Africa, among many others. Inside the United States, the company's primary locations are its administrative center in Moline, Illinois, as well as various locations in the Midwest and southeastern United States. Most manufacturing sites are in Iowa or Illinois, as well as locations in Europe. Carl Westby is known as the person who coined the phrase "Nothing runs like a Deere."

Major North American factories include:

Other Important Factories:

  • John Deere Equipment Pvt Ltd (5000 Series Tractor manufacturers) Pune, India
  • John Deere Werke Mannheim (6000 Series Tractors) Mannheim, Germany
  • John Deere Werke Zweibrücken (Harvesting equipment) Zweibrücken, Germany
  • John Deere Fabriek Horst, The Netherlands, Pulled & Self Proppeled agricultural sprayers for European Market
  • John Deere Forestry Oy, Joensuu, Finland works: Cut-to-Length Forestry equipment
  • John Deere Reman [1] (C&F Division): Remanufacturing components for off-highway vehicles. Facilities in Edmonton, Alberta, Canada (cylinders, axles, transmissions, pumps, hydraulic and powertrain components) and Springfield, Missouri, USA (engines, fuel systems, turbochargers).
  • Sabo, Gummersbach, Germany (consumer and commercial lawn equipment)

Subsidiaries and affiliates

File:JDPavilionMar06.jpg
The John Deere Pavilion in Moline, Illinois.

Collaborations and partnerships

  • North American distributor of Hitachi-branded construction equipment.
  • Deere-Hitachi, located in Kernersville, NC, is jointly owned by Deere & Company and Hitachi, and manufactures hydraulic excavators for the North American market.
  • Partnership with Bell Equipment of South Africa provided Deere with articulated dump truck technology. In exchange, Bell manufactures Deere backhoe loaders in South Africa for distribution internationally.
  • John Deere is provider of backhoe loader technology to Telco Construction Equipment Company, a subsidiary of Tata group in India.Source
  • Nortrax, Inc. - largest distributor of John Deere heavy construction equipment in US and Canada.
  • Ashok Leyland John Deere Construction Equipment Private Ltd., an Indian-based joint venture with Ashok Leyland, was set up in 2009, with production to begin in 2010. It will manufacture backhoes and wheel loaders.[3]

Product images

Useful images galleries:

See also

References

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External links

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  1. Deere & Company World Headquarters Official Contact
  2. 2.0 2.1 2.2 Deere & Company 2008 Annual Income Statement via Wikinvest
  3. http://www.ashokleyland.com/newsdisplay.jsp?newsid=177&year=2009&monthval=7