Deere & Company said today that it plans to build a new factory in China to manufacture construction equipment for sale in China and for export to other markets. The facility represents an investment of approximately $50 million.

The new factory will produce four-wheel-drive loaders and excavators and will be located in the Tianjin Economic-Technological Development Area (TEDA). The facility will be Deere’s sixth manufacturing location in China, two of which are joint ventures.

“This new factory will enhance our opportunity to serve Chinese customers as well as customers in other markets,” said Samuel R. Allen, chairman and chief executive officer. “This action represents a meaningful expansion of Deere’s construction equipment division in China.”

China is considered the world’s largest and fastest growing market for construction equipment. Allen said that Deere’s commitment to doing business in China dates back more than 30 years. John Deere’s long history in the country was mainly in the agricultural equipment sector until 2008, when Deere invested in a construction equipment joint venture to build excavators.

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The first Euro Auctions sale in Valencia, Spain, exceeded all expectations proving Spain to be the next logical country in the expansion plans of the UKs largest auctioneers of heavy plant and construction equipment.

The Euro Actions sale in Valencia, Spain, on the 10^th December 2010 attracted 746 lots from 16 sellers, bidders from 32 countries, with Internet buyers consisting of 51.9% of the total sale.

Strong interest was seen from Spain with 48 new bidders, previously not seen at auction, and keen interest from Spanish speaking countries in South America, notably Uruguay, who bought well. This sale proved that Spanish buyers have an appetite for auctions, giving Euro Auctions an avenue to Spanish speaking buyers and sellers worldwide, who participated enthusiastically at this sale.

Top buying countries at this sale were:

Netherlands           €464,260             Spain                  €430,830

UK                     €405,190             Germany              €227,100

Poland                 €148,595             France                 €133,200

Saudi Arabia          €118,350             Russia                 €114,000

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IronPlanet® (www.ironplanet.com), one of the world’s leading online auction marketplaces for used construction and agricultural equipment, will sell over $40 million of equipment and vehicles during the online auctions December 7 – 16.  More than 3,000 items from around the world will be up for sale at the upcoming auctions, from motorcycles to farm tractors.

IronPlanet provides its users with the tools to make educated decisions when it comes to equipment purchases.  IronPlanet conducts detailed inspection reports for the items in the online auctions which can be viewed on www.ironplanet.com. The inspection reports include visual inspections of key systems and components along with ratings and notes, images of the equipment, wear-related measurements and oil /fluid samples when appropriate.

To learn more about IronPlanet auctions, please visit www.ironplanet.com or contact customer service at 888-433-5426.

Auction highlights

December 7:  Automobiles, Motorcycles and Powersports
More than 100 vehicles located in the U.S. are for sale including ATVs, automobiles, boats, golf carts, motorcycles, RV’s and more.

December 8:  Lift & Access

Over ­­­­­350 items around the world will be up for auction, including aerial work platforms, forklifts, telehandlers and more.

December 8:  World Crane Auction

Up for auction are more than 70 cranes from around the world including boom, crawler, dragline, mobile, overhead, tower, dockside and others.

December 9:  Construction
More than 1,000 items across the U.S. are for sale including crawler tractors, track excavators, wheel loaders and more.

December 10:  Agriculture
Up for auction are more than 200 items including farm tractors, harvesters, landscaping equipment, sprayers, more than 25 combines and other equipment.

December 15:  Construction and Agricultural Equipment in Europe

More than 150 pieces of equipment from across Europe will be for sale, ranging from backhoe loaders, compactors, farm tractors and more.

December 15-16: Construction

The auction will feature more than 1,300 items from across the U.S. including articulated dump trucks, compactors, motor graders, and other equipment.

About IronPlanet

IronPlanet is one of the world’s leading online auction companies for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

- “Basic Line” transmission – cost orientated strategy – 4WG 200
- “High Line” upgrade for more performance – 5WG 200
- “Premium Line” on a competitive basis – ERGOPOWER 5speed WG 210

ZF is introducing a new product strategy for the production of wheel loader transmissions in China. Three different technology levels are supposed to meet all future demands for the Chinese manufacturers and consequently fulfill all customers’ requests.

Chinese OEM’s are serving an extremely wide market portfolio. While their products have to match the highly cost sensitive domestic market, there is also a demand for exports to emerging markets. The high ZF quality standards can measure up to both targets. To enter the western hemisphere they have to compete with the top class makers and need premium products. For this reasons ZF determined to offer 3 different types of transmissions to perfectly adapt to these market conditions. This means for the ZL50 loader class, that a new 4-speed WG 200 Basic Line transmission (Fig. 3) will be the tailor-made solution for the domestic Chinese market. Read More…