# YTO Group to build tractor factory in Caruaru, Brazil

YTO Group, in partnership with AGF Tratores, will build a tractor factory in Caruaru, Pernambuco, Brazil. Initial investment is R$ 150 million, potentially reaching R$ 500 million, creating 600 direct jobs (up to 3,000). Construction starts in 2024, with operations expected 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 machines per month
- Products: tractors, agricultural machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [adepe.pe.gov.br](https://www.adepe.pe.gov.br/yto-group-fabrica-de-tratores-com-capital-chines-aporta-em-caruaru/), 2024-06-03: "O YTO Group, um dos principais e mais antigos fabricantes de máquinas agrícolas da China, assinou Protocolo de Intenções com o Governo de Pernambuco com investimento inicial de R$ 150 milhões, podendo chegar a R$ 500 milhões."

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