Deere-Hitachi Construction Machinery Corp. announced Friday that it will expand its operations in Forsyth County and create 340 jobs by the end of 2016.
The company will invest $97 million in its facility in Kernersville, about 10 miles east of Winston-Salem. Deere-Hitachi is eligible to receive about $4 million in state incentives if it meets hiring and investment goals.
The new jobs will pay an average annual wage of $42,102, plus benefits. The Forsyth County average is $42,588.
Deere-Hitachi is a joint venture between John Deere and Hitachi Construction Machinery Corp. of Japan. The company was formed in 1988 to provide both Hitachi and Deere brand excavators to the U.S. construction and mining markets.
The company employs 743 people in Forsyth County and also has operations in Canada and Brazil.