Väderstad, which builds tillage and planting equipment, will invest the equivalent of U.S. $15.1 million in a new factory in Väderstad, Sweden. It is expected to open in 2022.
The company said that between 2017 and 2020, its sales increased by as much as 43 percent. It has expanded operations around the world.
“We have seen an incredibly strong demand for our products in recent years, said CEO Mats Båverud. “We hope and believe that this will continue, and to continue to grow and further strengthen the quality in everything we do, we have decided to build a new factory in Väderstad.”