By Kanishka Singh
WASHINGTON, Jan 27 (Reuters) - Farm-equipment maker Deere & Co is making a $70 million factory investment in North Carolina, U.S. President Donald Trump said in a speech on Tuesday, as the company stated it will open two new U.S.-based facilities, each creating 150 jobs.
The White House later posted on social media the company would be building two new factories in the U.S. including a $70 million factory in North Carolina.
On Tuesday, the company said it recently broke ground on a new
distribution center near Hebron, Indiana, and was setting up a new $70 million excavator factory in Kernersville, North Carolina.
The company, also known as John Deere, previously announced in 2024, when former Democratic President Joe Biden was in office, its commitment to an investment of the same amount in Kernersville, that would create the same number of jobs.
When asked if Tuesday's statement by the company and remarks by Trump referred to the same plans for North Carolina announced in 2024, the company said that some of its plans for North Carolina had been disclosed earlier by officials.
"John Deere is doing $70 million in factory in North Carolina," Trump said in his speech in Iowa. "I think it is going to pay off very, very big."
Both facilities will open in the next year, the company said.
(Reporting by Kanishka Singh in Washington; Editing by Michelle Nichols and Jacqueline Wong)
