* Construction on plants to start in 2012
* Factories to start production in 2013
* Plants to build construction loaders, excavators
(Adds details, quotes from CEO)
SAO PAULO, Oct 3 Deere & Co (DE.N), one of the
world's biggest heavy equipment producers, will build two
plants in Brazil to meet demand from construction and
infrastructure projects, Chief Executive Samuel Allen said on
Deere said it plans to tap into strong local and regional
demand for loading and excavating equipment from the
"Brazil is one of the construction equipment markets that
is growing the most in the world right now," Allen told
reporters in Sao Paulo via video conference.
One of the plants will produce equipment for Deere, and the
other will produce for both Deere and Hitachi Construction
Deere will invest $124 million in the plants, in Indaiatuba
in Sao Paulo state, and Hitachi will invest $56 million.
Construction is expected to start in 2012, and production
of equipment will begin in 2013.
(Reporting by Reese Ewing; Writing by Luciana Lopez; editing
by John Wallace)