Recently, the acquisition of John Deere Construction & Forestry Company to Xu Wa Dredger Co, Limited, Xuzhou was approved by Jiangsu province. It is another Fortune 500 enterprise settling in Xuzhou, following 10 Fortune 500 enterprises such as Caterpillar, Wal-Mart, Visteon corporation and so on.

John Deere is one of US five oldest industrial enterprises and the manufacturer of global-leading agricultural and engineering equipment. The successful introduction of the project made Xuzhou get another vital new force in the field of engineering machinery production.

Currently, Xuzhou engineering machinery industries gathered the most important Fortune 500 engineering machinery companies across the world such as US Caterpillar and John Deere, German Liebherr and Krupp, which laid the strong foundation for uplifting the status of Xuzhou engineering machinery all over the country.