Deere and Joensuun Yrityskiinteistöt Oy to invest 20 million euros in the development of forest machine manufacturing

MEq
By MEq June 13, 2019 13:55

Deere and Joensuun Yrityskiinteistöt Oy to invest 20 million euros in the development of forest machine manufacturing

Deere & Company has invested more than 50 million euros in the Finnish forest machine business this decade. The latest investment, to expand the factory and increase capacity, is the biggest single investment in the Joensuu factory in John Deere Forestry Oy’s history. Implementation of the investment will begin in summer 2019 and it will be completed in 2021.

The investment will improve and expand the Joensuu factory’s assembly and test drive facilities as well as increase the component manufacturing capacity. The total amount of investment is about 15 million euros.
“This expansion will help us to better meet demand during strong economic cycles. The new space will also increase occupational safety and employee satisfaction,” says Factory Manager Janne Haapasalo. After the expansion, John Deere Forestry Oy’s production/logistics facilities will cover a total of 3.2 hectares.

GreenPark business park expanding
John Deere Forestry Oy has sold a plot east of the current GreenPark to the City of Joensuu. Joensuun Yrityskiinteistöt Oy will use the plot to build a new facility that will be used by John Deere Forestry Oy. The value of the investment is about 5 million euros. The new facility will be completed in June 2020. The GreenPark expansion will centralize the Joensuu factory’s logistics functions and further improve logistical efficiency.

“Strong collaboration with the City of Joensuu and Joensuun Yrityskiinteistöt Oy, which manages GreenPark, as well as the shared desire to develop business in the region is of primary importance to us. The critical subcontractors operating in the immediate vicinity of the factory have a proven record of boosting the efficiency of our operations,” notes Haapasalo.

MEq
By MEq June 13, 2019 13:55

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