Executives with Schneider Electric and Deere & Co. report that they will expand factories to three states. Deere will even reshore some production to the United States from China.
Schneider will put to work a total of $46 million at plants making circuit breakers and other electrical output products in Lexington, Kentucky, and Lincoln, Nebraska. Schneider employs about 128,000 people around the world and makes a wide range of electrical, automation and energy management products. They are doing this because they are shortening their supply chains via a series of North American investments totaling more than $100 million and adding capacity in Texas and Mexico.
Deere’s Louisiana plans call for the maker of agricultural and construction equipment to invest nearly $30 million to grow its operation in Louisiana, near New Orleans. That facility today designs sugar harvesting and earthmoving equipment and makes a range of products but will grow in the next two years to also produce medium-chassis cotton harvesters now being built in China.
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