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Tractor Giant Deere Plans to Expand in Australia, New Zealand

  • Company is looking to grow construction and forestry business
  • Chief Economist Chandler becomes managing director for region
Photographer: David Gray/Bloomberg

Tractor giant Deere & Co. plans to expand in Australia and New Zealand, with its one-time chief economist leading the charge.

Luke Chandler, who has become managing director for the two countries, said he’ll target growth in construction and forestry, including road building and government infrastructure projects. The Moline, Illinois-based firm will also boost its business in precision agriculture -- key for Australian farmers to compete globally -- as well as in turf and some mining operations.