AGCO's Precision Planting to Build Operations Center in Illinois
USAgNet - 06/23/2022
Precision Planting, LLC announced a commitment to build a new 500,000 sq ft operations center in Morton, Illinois. The company is a leading manufacturer of practical and effective precision ag technologies for farmers who seek to improve crop yields sustainably and share Precision Planting's passion for continuous innovation - "Believe in Better."
The company, which creates a variety of products farmers install on their existing equipment to improve the accuracy and data collection of their equipment, and, ultimately, the profitability of their farming operation, has been headquartered in Tremont since 1993.
"Since 2014, we have had an operations presence in Morton, with our main facility being located at the corner of Birchwood and Erie," said Keith Crow, director of finance, Precision Planting. "As the business has continued to add products and increase our global footprint, an entirely new space to assemble, house, and ship products has become imperative. We are choosing to stay in Morton because of our committed employee's proximity to Tremont headquarters, and access to the interstate. We look forward to growing our presence as an employer of choice in the greater Peoria area."
"It's been a privilege to work with Precision Planting during the planning process for the development of this new facility in Morton at the crossroads of Interstates 74 and 155," said Morton Mayor Jeff Kaufman. "This new operations facility will help sustain the quality of life in Morton with new and retained jobs and new property taxes that are vital for our community. A lot of work has been done so that the infrastructure is in place to support both Precision Planting and future development in this area of Morton."
The facility will be located at the north end of Erie Avenue, south of the exit ramp from I-74 East to I-155 South. Ryan Companies US, Inc., a national commercial real estate solutions provider, is expected to begin construction in July 2022. Ryan is also the developer of this project. The building is scheduled to begin operations in November 2023, pending construction schedules.
This location will more than double Precision Planting's operations square footage and also allows for future expansion of the facility, based on growth of the business.
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