John Deere, Kreisel To Build Batteries and Chargers in Kernersville, North Carolina
Deere & Company announced it has selected a location in Kernersville, North Carolina, for the construction of a 115,000-square-foot manufacturing facility. The factory will expand production capacity of Kreisel Electric ("Kreisel") products. Kreisel, which John Deere acquired majority ownership of in 2022, produces innovative battery technology for e-mobility and stationary systems as well as comprehensive Level 3 charging solutions. The planned production facility can support a production capacity of up to 2 GWh. John Deere plans to break ground on the new facility in fall 2023, and production is estimated to begin in 2025. Source
John Deere reports solid 3rd quarter financial results
Worldwide net sales and revenues increased 12 percent, to $15.801 billion, for the third quarter of 2023 and rose 24 percent, to $45.839 billion, for nine months. Net sales were $14.284 billion for the quarter and $41.765 billion for nine months, compared with $13.000 billion and $33.565 billion last year. Deere continues to benefit from favourable market conditions and an operating environment showing further improvement. Source
Case introduces an All Makes Undercarriage Program
Case Construction Equipment has joined forces with Berco, a leading manufacturer of undercarriage components, on an expanded supplier agreement to bring you the All Makes Undercarriage Program. This collaboration takes the Case dealer network to new heights. With the All Makes Undercarriage Program, equipment owners can get quality, competitively priced undercarriage parts for all makes and models, including replacement options for non-Case machines. Berco allows you to order any size component in any quantity and customize track groups and track chains made to order. Source