1 September 2009

Deere says 'Da' to Russia growth plan

Moline, Ill.-based Deere & Co. will move forward in starting a manufacturing and parts center in Russia.

The world’s largest agricultural-equipment maker said the new facility near Moscow will be capable of making a broad range of John Deere products, including tractors and harvesting equipment, as well as construction and forestry products.

The company will also consolidate several depots into one site to improve parts and customer service.

This move is the first step in a plan unveiled in July to expand in Russia, which the company sees as an important growth market for agriculture, forestry, and construction, said Deer Chief Executive Samuel Allen.

Financial terms of the investment were not immediately available.

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