# YTO and AGF to build tractor plant in Caruaru, Brazil

YTO Group and AGF Tratores signed a protocol of intentions to build a tractor assembly plant in Caruaru, Pernambuco, Brazil. The joint investment is R$ 150 million, with production capacity of 120 tractors per month and creation of 600 direct jobs. Operations are expected to start by end of 2026.

- Type: New facility
- Announced: 2024-05-31
- Where: Caruaru, Pernambuco, Brazil
- Value: $28.0M (150.0M BRL)
- Jobs: 600
- Starts operating: 2026
- Status: announced
- Capacity: 120 tractors per month
- Products: tractors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [YTO Group](https://endata.com/companies/77787.md) (partner)
- [AGF Tratores](https://endata.com/companies/77788.md) (partner)

## Sources

- [movimentoeconomico.com.br](https://movimentoeconomico.com.br/economia/negocios/2024/05/31/yto-e-agf-investirao-r-150-mi-para-produzir-tratores-em-caruaru/), 2024-06-01: "A escolha por Caruaru, em Pernambuco, foi pela recepção que nós tivemos para implantar a montadora."

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