Deere takes partners for transaxle venture

Deere & Company, Yanmar Diesel Engine, and Kanzaki Kokyukoki Manufacturing have formed a joint venture – Transaxle Manufacturing of America.

Deere & Company, Yanmar Diesel Engine, and Kanzaki Kokyukoki Manufacturing have formed Transaxle Manufacturing of America Corporation, a joint venture that will manufacture transaxles for tractors and utility vehicles.

The newly formed company has selected a 40-acre site at the Waterford Business Industrial Park in Rock Hill, SC as the location of its new headquarters and manufacturing plant.

Groundbreaking for the $35 million facility is planned for September 2001, with production scheduled to begin in early 2003. The plant will employ about 150 people when it reaches full production. M. B. Kahn Construction Company is the general contractor.

A transaxle is a unit that consists of a combination transmission and axles used in small tractors and utility vehicles. The new plant will manufacture transaxles initially for John Deere Gator utility vehicles and compact utility tractors.

Yanmar/Kanzaki currently supplies transaxles to John Deere from its overseas plants.

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