deere & co (DE) Key Developments
Deere & Company Approves Regular Quarterly Dividend, Payable on November 3, 2014
Aug 27 14
The Deere & Company Board of Directors declared regular quarterly dividend of $0.60 a share on common stock, payable November 3, 2014, to stockholders of record on September 30, 2014.
John Deere Introduces L330 and L340 Square Balers
Aug 25 14
Deere & Company, or John Deere has introduced two new L Series Square Balers, the L330 and the L340, to expand hay-baling solutions to its portfolio of hay equipment. The balers are designed with two working widths, 83-inch for the L330 and 90-inch for the L340. These high-capacity balers feature a heavy-duty drivetrain with a 45 stroke-per-minute gear box to transfer power to other components. The 330 Baler produces a 3- by 3-ft. square bale and the 340 Baler produces a 3- by 4-ft. square bale. Other features include an optional precutter with 10 knives on the L330 and 23 knives on the L340. The 23 knife precutter has a slide out knife tray for easy access and serviceability. Knife removal does not require any tools. "The L Series Square Balers have also been designed with new technology in mind," emphasizes Unruh. "ISOBUS electronics allows the new balers to work with JDLink software and are compatible with GreenStar displays. Electonic knotter flags come standard on all balers to allow operators easier harvesting and location of bales in the field.
John Deere Launches 2410C Anhydrous Applicator
Aug 25 14
Deere & Company, or John Deere has launched 2410C Anhydrous Applicator. The tough new John Deere 2410C Anhydrous Applicator gives customers in the anhydrous ammonia applicator business exactly what they need. The 2410C consistently meets the operational demands of large and extra-large producers, as well as ag service providers, for faster, more-precise nutrient application. John Deere engineers designed the 2410C Applicator from a field-proven frame design to meet the specific needs of operators, including 44 inches of underframe clearance. These machines are available in wider 19-, 21-, 23-, 24 and 25-row (47.5 ft. to 62.5 ft.) widths and feature an innovative chisel option that gives applicators the opportunity to increase revenues and reduce costs by completing nutrient application and tillage in one pass. The 2410C has been designed to seal anhydrous at a depth of 4 inches instead of 6 inches, which is standard with other applicators on the market. This feature allows faster operating speeds with less horsepower demands. In addition to promoting plant growth, this significantly reduces nutrient leaching or vaporization into the atmosphere. The John Deere 2410C Anhydrous Applicator meets applicators' top anhydrous-application needs: productivity, accuracy, uptime, reliability and cost of operation.
Deere & Co. Announces Layoffs to 1,000 At Iowa Plants
Aug 23 14
Deere & Co. announced the number of workers cut from its Iowa plants will grow to 1,000, raising concerns that a rock in Iowa's economy is beginning to wobble. The company announced that the layoffs and extended plant shutdowns are needed to match its workforce with softening demand for tractors and other machinery. Deere announced that it's cutting 460 workers from its Waterloo plant, and it announced it's laying off most of its 600 workers at plants in the Des Moines and Quad Cities areas. The reductions begin at the end of the month and run through October.
Deere & Company Announces Layoff of 460 Employees in Waterloo, Iowa Operations
Aug 22 14
Deere & Company announced that it will place approximately 460 employees who work in the company's Waterloo, Iowa operations on indefinite layoff in response to current market demand for its products. Employees were informed of the layoffs, which are effective October 20, 2014.