We use cookies and similar methods to offer the best experience to all visitors and to remember their preferences. Please take a moment to review our Privacy Policy. By tapping “accept”, you consent to the use of these methods.

SMI - GERAL Q1 2026
+0.64 % 291.76
=
INCOME RETURN
+2.21 % +
APPRECIATION RETURN
-1.57 %
USD / MXN
0.00 % 17.02
GDP (Quarterly, Millions)
-1.24 % 29,325,765.23 PTS
CPI
0.00 % 3.12 PTS
Reference Rate
0.00 % 6.50 PTS
Closing IPC
0.00 % 64,397.45 PTS
UDIs
0.00 % 8.80 PTS

John Deere Invests in Two New Production Lines

  • John Deere expands its plant in Nuevo León, generating jobs and promoting innovation in agriculture and construction.
  • The $55 million investment in John Deere's plant expansion in Nuevo León will drive economic growth in the region.

John Deere is transitioning from traditional agri-food production to technological agriculture. Photo: John Deere.
John Deere is transitioning from traditional agri-food production to technological agriculture. Photo: John Deere.
By: SiiLA News
11/22/2022
John Deere, after 70 years of manufacturing traditional agricultural implements, is expanding its plant in San Pedro Garza García, Nuevo León, to open two new production lines for the agricultural and construction sectors. This expansion has the capacity to create 400 new direct jobs and has the potential to attract young talent in Nuevo León. 

Gerardo Mendoza, director of John Deere's Monterrey Site, highlighted the company's value of innovation, positioning it as a high-tech hub and a benchmark for manufacturing companies.

Due to the constant challenges presented by technological trends, the company is transitioning from traditional agricultural production to technological agriculture, offering solutions for the agricultural and construction equipment sectors. 

The government of Nuevo León reported that John Deere's investment in this expansion amounts to 55 million dollars.

Latam
Mexico
Nuevo Leon
Industrial
Market Analytics
Investments

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

Video Thumbnail
SiiLA

FIBRA Storage Expands Alongside a Changing City
08/13/2026
Does Retail Improve Office Building Performance?
08/11/2026
Buying a Mall: Can Acquisition Valuation Influence Its Future Value?
08/06/2026
What Is Someone Really Buying If They Acquire La Casa de Toño?
07/30/2026
10 Years Later: Reforma Colón Breaks Ground with a Project 60% Smaller Than Originally Planned
07/28/2026

Transactions


César Soriano leads Seguros Confíe, which leased more than 5,700 sqm of office space in Mexico City during 2026. Photo: SiiLA.
Office Leases Defy Economic Uncertainty
Raúl Gallegos, CEO of FIBRA NEXT. Photo: SiiLA.
FIBRA NEXT Acquires 15 Industrial Properties From Centinela for US$138.2 Million

Nearshoring

Lorenzo Berho leads Vesta, which delivered one of the largest industrial buildings in Q1 2026, totaling more than 67,000 sqm. Photo: SiiLA.
How Can the Boom End Without Ending the Expansion?
Adilson Formentini leads Tramontina Mexico, whose first assembly plant in the country opened in the State of Mexico during Q1 2026. Photo: SiiLA.
Mexico Attracts Companies, Not Necessarily New Industries

Trusted by Leading Publications

Exclusive Access

Join our mailing list for Real Estate News, Events, Insights & Resources.

SiiLA News on Mobile - Stay Updated Anytime, Anywhere. Read Latest Real Estate News from your phone