# AGCO invests R$340M in Brazilian factories for new planters and tractor line expansion

AGCO announced R$340 million in investments to manufacture new planter models, expand the heavy tractor assembly line in Mogi das Cruzes, and improve sustainability. The investment includes expanding the Mogi das Cruzes factory from 42,000m² to 57,000m² and the Ibirubá factory from 7,000m² to 20,000m².

- Type: Investment
- Announced: 2022-07-14
- Where: Mogi das Cruzes, SP; Ibirubá, RS, Brazil
- Value: $65.0M (340.0M BRL)
- Status: announced
- Products: planters, heavy tractors, Fendt Vario 900, MF 8700 S Dyna-VT
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AGCO](https://endata.com/companies/6630.md)

## Sources

- [noticiasagricolas.com.br](https://www.noticiasagricolas.com.br/videos/agronegocio/323616-agco-maquinas-e-tecnologias.html), 2022-08-01: "É o primeiro passo para ter no futuro a fabricação nacional dos tratores Fendt Vario 900 e MF 8700 S Dyna-VT."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.