Deere & Company officials announce that the company will invest $47 million to expand manufacturing capacity in its Moline, IL, cylinder operations, where the company builds a broad range of hydraulic cylinders used in the company's agricultural, construction, and forestry machines sold around the world.

"John Deere's continued global growth requires the company to invest in our manufacturing operations," says Mark Von Pentz, president of Deere's Worldwide Agriculture & Turf Division. "Market demand has remained strong for John Deere products and this initiative improves our capability to meet that market demand by improving our manufacturing of hydraulic cylinders, which are a key component in heavy equipment."

Deere said the investment will result in significant upgrades in machining tools at the cylinder operations but will not require an addition to the physical building. No jobs will be added as a direct result of the investment.