The world's second construction machinery manufacturer increased capital to Tianjin to introduce research and development base

The world's top 500 companies John Deere has been expanding its business in Tianjin in the past two years. The world's largest agricultural machinery manufacturer and the world's second largest construction machinery manufacturer are optimistic about the city's economic development prospects and continue to expand investment in Tianjin. . On the afternoon of the 18th, Vice Mayor Ren Xuefeng met with John Deir Global President David Averyett in the VIP room of the city government. The two sides exchanged views on John Deere's next investment project. Following the large-horse tractor factory and gearbox factory in the development zone, John Deere has invested US$48 million to introduce the engineering machinery R&D and production base to Tianjin. The project is under construction and the plant is expected to be put into operation in 2012. John Deere Company has established a financial leasing company in the development zone around Tianjin's urban development orientation and functional positioning of Binhai New Area. John Deere (Tianjin) Product Research and Development Co., Ltd. also established an agricultural machinery testing center in the development zone, and John Deere (China) Investment Co., Ltd. launched the John Deere China Parts Logistics Center.

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