John Deere parent Deere & Co. announced it will invest $20 billion into its U.S. manufacturing operations over the next 10 years on its quarterly earnings call May 16. The Moline, Ill.-based equipment manufacturer said the long-term pledge includes new factories, including facility expansions and workforce development in Kernersville, N.C.

Volvo CE's Shippensburg operations will add capabilities to produce mid- to large-size excavators, The Shippensburg site will add four large wheel loader models to its current wheel loader production, with production planned to begin in the first half of 2026, the company said in a statement. Volvo CE said the portion of the $261-million invested at Shippensburg will update the existing space within the factory to install assembly lines, integrate more automation technologies and train employees. The company did not detail how much of the $261 million will go to the Shippensburg expansion. 

"We must respond to growing demand, and we’re excited to expand our facilities to serve our customers better," said Melker Jernberg, president of Volvo CE and executive vice president of parent company Volvo Group. "This investment underscores our commitment to quality and innovation, allowing us to deliver even greater value."

Southeast Expansion by Deere

Deere detailed in a press statement how it plans to add a 120,000-sq-ft expansion of the company’s remanufacturing facility in Springfield, Mo.; build the aforementioned new excavator factory in Kernersville near its existing operations there at the former Deere-Hitachi joint venture; expand its Greeneville, Tenn. turf equipment factory; and add new assembly lines for the 9RX high-horsepower tractor in Waterloo, Iowa.

"Our commitment to delivering value for our customers includes ongoing investment in advanced products, solutions and manufacturing capabilities," said John May, chairman and CEO of John Deere during the quarterly call. "Over the next decade, we will continue to make significant investments in our core U.S. market."

Neither company mentioned U.S. tariffs on foreign production as reasons for the boost to U.S. manufacturing operations. Jernberg did note in Volvo CE's statement that by expanding production capabilities in key markets, Volvo CE will reduce dependency on any single site and become less reliant on long-distance logistics. The statement also said supply chain risks will be mitigated by expanding domestic supplier bases in both the U.S. and South Korea.