Alittle history of this site:
In 1968 this was once a great foundry built and operated by John Deere & Co. and then it was shut down.
September 18, 1991|By Stephen Franklin.
Saying they could no longer justify its operations, Deere & Co. officials said Tuesday they will close their 23-year-old East Moline foundry over the next two years.
The shutdown by the Moline, Ill.-based firm, the nation`s largest farm-equipment manufacturer, will affect 450 hourly and 125 salaried workers.
The action will result in an after-tax charge of about $25 million against Deere`s fourth-quarter earnings.
Deere spokesman Robert Combs said the company has not decided whether the workers will be offered other positions with the company. ``We have told our employees we will work with them,`` Combs said.
The foundry, which produces ductile iron castings, has sustained losses for several years and is operating at less than 50 percent ofcapacity, according to Combs.
``A foundry cannot be operated at that level of production,`` he added.
Combs said Deere tried to find outside work and other options for the facility before deciding to close it.
The closing will not affect Deere`s other foundry in Waterloo, Iowa, where it makes gray iron castings used in building engines and drivetrains.
Today it is a new beginning for this old structure, It called “RIVER BEND INDUSTRIAL CENTER”.